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TCRD

THL Credit

16:27
08/07/18
08/07
16:27
08/07/18
16:27

THL Credit expands Direct Lending team

THL Credit Advisors announced that it has expanded its Direct Lending team with the promotion of Eric Lee to Managing Director and the hiring of Fawwaz Ahmed and Troy Hebert, each as a Vice President. THL Credit has hired seven new Direct Lending investment professionals this year. Mr. Lee was previously a Director for THL Credit's Direct Lending platform in the Company's New York office, where he was responsible for originating, evaluating, and executing new investment opportunities and for managing portfolio investments. Mr. Lee first came to THL Credit's Direct Lending team in early 2017, and is currently based in the Los Angeles office, where he is responsible for the origination and structuring of investment opportunities with financial sponsors across the Western United States. Previously, he was a Director at Credit Suisse Asset Management's Corporate Credit Solutions Group, where he was responsible for originating, structuring, and monitoring investments for Credit Suisse Park View BDC. Mr. Lee earned his M.B.A. with Honors from The University of Chicago Booth School of Business and his B.A. in Economics from Columbia University. "Eric has earned a well-deserved promotion to Managing Director," said Chris Flynn, CEO of THL Credit. "His larger role within our firm will facilitate the growth of our portfolio and help us continue to deliver strong risk-adjusted returns to our investors."

  • 09

    Aug

TCRD THL Credit

08/08/17
DBAB
08/08/17
DOWNGRADE
Target $10.5
DBAB
Hold
THL Credit downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst George Bahamondes downgraded THL Credit to Hold citing continued net asset value declines and higher non accruals following the company's Q2 results. The analyst keeps a $10.50 price target for the shares.
03/08/18
MAXM
03/08/18
DOWNGRADE
MAXM
Hold
THL Credit downgraded to Hold from Buy at Maxim
03/08/18
MAXM
03/08/18
DOWNGRADE
MAXM
Hold
THL Credit downgraded to Hold at Maxim on unexpected NAV loss
As reported earlier, Maxim analyst Michael Diana downgraded THL Credit to Hold from Buy citing the unexpected Q4 losses as seen in the 7.3% decline in the company's net asset value. Diana attributes the losses to the company's "transition toward first-lien senior secured loans to PE-sponsored companies from more junior positions in unsponsored companies", adding that he "would not be surprised by further losses".

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