ING and RiverRock strike deal for loan investments
ING and RiverRock have struck a deal to give the asset manager access to ING’s pipeline of senior loans, as part of the launch of RiverRock’s debut senior loan fund. The Dutch bank, unlike other commercial banks, committed to avoid cherry-picking its pipeline, and to show RiverRock everything that was eligible for the fund.
RiverRock is an asset manager headed by former Société Générale CIB boss Michel Péretié. It has an existing direct lending strategy targeting double digit returns focused on SMEs and mid-caps, as well as other operations including real estate and liquid strategies.The new fund will target returns between ...
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