| Major backers of Hayfin Capital Management have reduced their stakes in the direct lender after it offloaded a €705 million portfolio of loans to Australian sovereign wealth fund The Future Fund, one of its existing investors.
Hayfin, a €6 billion direct lender backed by TowerBrook Capital Partners, will continue to manage the assets alongside more than €5 billion worth of third-party funds and separate accounts, according to two people familiar with the matter. The firm will use the proceeds to return capital to TowerBrook and co-investors including Canada’s Public Sector Pension Investment Board and the Ontario Municipal Employees Retirement System...............................................Full Article: Source
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