“This new offering will be a DIP fund and the first of its kind. The DIP fund will participate, structure and lend directly into both large-cap and mid-cap facilities,” says Neal Neilinger, vice-chairman and chief investment officer at Aladdin.
DIP financing is an essential tool in restructurings. However, the extent of the credit crisis has reduced the number of active players in this specialist sector.
There can be little doubt of the potential size of the market.
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