Credit/Private Debt

Old Hill’s asset-based lending business will be incorporated into a new Spouting Rock subsidiary.

The firm has also hired a new private credit head and senior private credit analyst to oversee the group.

He will be responsible for leading capital markets and syndication efforts across the Audax Private Debt platform.

The plan made commitments totaling roughly $245.5 million with four existing managers and one new manager in November.

A fund based in the Great Plains region approved credit and direct lending commitments with existing investment managers that created new investment vehicles at its recommendation.

The plan disclosed ten commitments totaling almost $1 billion at its board meeting last week.