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MidOcean Partners, a premier New York-based alternative asset manager, today announced the closing of a $600 million collateralized loan obligation (“CLO”). The transaction was led by Goldman Sachs.
Yesterday we learnt that leading US marketplace lender Prosper has been misstating investor returns, due to a system error. That error has now been resolved, according to spokesperson Sarah Cain. Bloomberg broke the news, reporting that the issue has been going on for several quarters.