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NPL sell-off won’t solve bank problems, MEPs told

Forcing banks to sell off their NPLs could worsen their profitability woes, MEPs have been told.

What can the US teach us about European mezzanine?

US and European mezzanine have had a divergent past through the rough seas of the last financial crisis, but could recent convergence point to a new phase for Europe?

Can you rely on a termsheet?

Lenders may be left compromised when a deal termsheet does not make clear how much control sponsors have over the transfer of payments. Experienced lawyer Stephen Mostyn-Williams of Debt Explained highlights one alarming example.

Alaska PFC: Ahead of the curve

Alaska Permanent Fund Corporation - a state-run investment vehicle that distributes dividends to all eligible residents - started investing in private credit before the financial crisis, and sees no reason to pull back now.

BNP Paribas takes stake in SME lending specialist

Caple has sold a 10% stake to BNP Paribas to expand the capabilities of its loan platform.
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Fund admin firms Alter Domus and Cortland agree merger

Cortland says the deal will strengthen its debt and real estate offerings.

Echoes of the crisis

At a recent roundtable, talking points centred around market conditions and preparing for a change in circumstances.

KKR BDC goes public with new fee, governance structure

The New York-based mid-market lender cut its management fee and instituted a lookback period to its incentive fee calculation formula.

Adams Street names Credit Suisse exec as COO

The private markets firm has appointed James Walker, who held the same role in wealth management units at Morgan Stanley and Citi.

Mondoux: Complacency ‘not dissimilar’ to 2006/07

Josée Mondoux of Canada’s CMPA is worried by aspects of manager behavior today but takes comfort from debt managers’ more conservative approach.