Reported about 1 month ago
Goldman Sachs has refinanced Pallas Capital's A$500 million ($330 million) private credit fund for commercial real estate, named Pallas Funding Trust No. 2, aimed at mid-market companies struggling to secure financing. The fund, which has received investments from Ares Management Corp. and Pallas Capital, offers loans for pre-development and residual stock, typically ranging from A$2 million to A$20 million. This refinancing takes place amid a backdrop of cautious lending from local banks as regulatory scrutiny increases.
Source: YAHOO