Briefs: Tyndall invests in corporate loans and Google moves into ad finance

  • Tyndall Asset Management will bring a new fund to market early next year that will invest in senior ranking loans to sub-investment grade firms, The Australian reported. Tyndall estimated there was scope for A$10 billion to $12 billion in funding available through fund managers for this class of borrower.
  • Google will provide vendor finance to buyers of its advertisements on its US and UK websites. Google says it will market a co-branded MasterCard credit card in conjunction with Comenity Capital Bank in the US and Barclays in the UK. Merchants will only be able to use the line of credit on the card to purchase Google ads.