It’s batten down the hatches week in financial markets, but that hasn’t stopped fund manager Wingate from hitting up investors with a new fund.
The manager is in the market for $100 million from sophisticated investors for its third corporate credit fund, which would be deployed into mid-market corporate lending.
Former Investec head of corporate credit risk Selwyn Schroeder is overseeing the new fund, while Wingate executive chairman and founder Farrel Meltzer is on its credit committee.It’ll be interesting to see how the raising goes. There’s plenty of moving pieces in Australian and offshore banking, which has captured headlines all week. While the wobbles could put the brakes on banks’ willingness to do deals, corporates will have to find their funding somewhere...
co-edits Street Talk, specialising in private equity, investment banking, M&A and equity capital markets. He has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.
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