EDITOR'S PICKS
MOST RECENT
NEWS & ANALYSIS
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DATA SNAPSHOT
SPECIAL REPORTS
OPINION
From theory to reality – the next crisis is here
Private debt professionals have frequently shared the view that the good times couldn’t last forever. Amid the global spread of coronavirus, they are set to be challenged as never before.
Will managers be forced out of their comfort zones?
With the spread of covid-19 sparking fears of recession, GPs may venture outside their traditional hunting grounds.
Reasons to examine emerging markets
Currency shocks have created opportunities in markets investors prefer to avoid. Do they need to revisit their assumptions?
The obstacles blocking secondaries
We continue a conversation begun last week with reflections on why the private debt secondaries market may struggle to establish itself.
At the back of the secondaries queue
Private debt is behind other alternative asset classes when it comes to secondary activity and opinions differ as to when it’s worth taking seriously.
Who’s right about the CLO market?
A regulator’s report appears to confirm that fears about collateralised loan obligations were merited. Those involved in the market, however, are looking forward to a fruitful year.
SPOTLIGHT: REAL ESTATE
Edmond de Rothschild preps debt fund launch despite covid-19
The firm plans to introduce its first real estate debt offering after rebranding its property business this month.
SAID AND DONE
“Risks to financial stability from the growth of leveraged loans and collateralised loan obligations are more likely to arise from the non-bank sector, particularly in opaque areas where there is limited information on direct holdings”
Cynthia Chan, group credit officer – global financial institutions, Fitch Ratings, in a new report from Fitch on the lack of leveraged loan transparency
PERSON IN THE NEWS
INVESTOR SPOTLIGHT
TERMSHEET
LARGEST FUND CLOSES IN 2019
| Lone Star Fund XI | $8.20bn |
| BlueBay Direct Lending Fund III | $6.78bn |
| Alcentra European Direct Lending Fund III | €5.50bn |
| Lone Star Real Estate Fund VI | $4.70bn |
| GSO Energy Select Opportunities Fund II | $4.50bn |
THE BIG NUMBER
68%
Percentage of respondents to an Intertrust survey who predict that demand for fund finance will continue to rise over the next five years. 35% of respondents said that the biggest challenge to fund finance was the negative perception it has among certain investors.
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