Debt fuels growth of buyout shops

Buyout firms are starting to look a bit more like the companies they own, to the delight of yield-hungry investors

The firms that pioneered the use of debt in corporate buyouts some 30 years ago are now selling bonds as they expand into lending, real estate and distressed-debt investing, among other new fields.

The shift is notable for a group that once was debt-free, the latest sign of the strong pull of low interest rates for large companies seeking to expand.

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Venture Debt Firms Tilt Toward Mature CompaniesExternal link

Venture Debt Firms Tilt Toward Mature Companies