Closed-end funds accounted for a small but growing portion of U.S. private debt placements, at 4% of the overall market in the U.S. during 2013, according to Fitch Ratings.
Zurich North America, the Schaumburg, Ill.-based arm of the Swiss insurance group, completed a $333 million credit-tenant lease private placement in December.
ClearBridge Energy MLP Fund has raised $75 million on the U.S. private placement market, according to a source with knowledge of the transaction.
Irelands DCC plc has returned to the private placement market with a $200 million deal co-agented by Barclays and JPMorgan Securities.
Utility company NorthWestern Corp. raised $100 million in the private placement market at the end of 2013 via a two-tranche deal, industry sources told IMMP.
Port of Brisbane
Arthur J. Gallagher
SA Power Networks
Government of Aruba
Credomatic International Corp
ClearBridge Energy MLP Fund
DNP Select Income Fund
Investa Office Fund
BMW US Capital
C Solar South
Senior Managing Director and Head of Prudential Capital Group
Firm: Prudential Capital Group
In the news: Prudential Takes Bigger Bite Out of Market