EDITOR'S PICKS
MOST RECENT
NEWS & ANALYSIS
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DATA SNAPSHOT
DISTRESSED DEBT & SPECIAL SITUATIONS
Distressed debt & special situations
Limited partners have shown an appetite for distressed debt and special situations in recent years. But a lot of capital has been raised in...
OPINION
Why avoiding risk is a risky business
Investors seeking refuge from the wild swings of the stock market may find that diversification brings unexpected challenges.
Debt funds are picking a bigger fight – and this time, they’re winning
Credit managers are now making offers for almost multibillion-dollar loans. But as private credit heads into uncharted waters, the asset class's next big challenge could come from the very force that catalysed its growth.
The universe keeps expanding
Private debt funds’ share of buyout market financing has continued to climb, although they are likely to hit the ceiling eventually.
SPOTLIGHT: LIMITED PARTNERS
LGIAsuper hires new CIO from Equip Super
The A$13bn Australian superannuation fund has tapped Troy Rieck, who was previously chief investment officer at the A$15bn Melbourne-based superfund Equip Super, to take over as CIO.
SAID AND DONE
“When the cycle turns, debt will be affected, but likely to a lesser degree than the equity piece, hence including the strategy in a wider private markets portfolio”
Andrea Ash, investment director at RPMI Railpen, explains the pension fund’s focus on private debt
PERSON IN THE NEWS
INVESTOR SPOTLIGHT
TERMSHEET
LARGEST FUND CLOSES OF H1 2019
| Lone Star Fund XI | $8.20bn |
| BlueBay Direct Lending Fund III | $6.78bn |
| Lone Star Real Estate Fund VI | $4.70bn |
| GSO Energy Select Opportunities Fund II | $4.50bn |
| Broad Street Senior Credit Partners II | $4.40bn |
NUMBER OF THE WEEK
13%
Burgiss data found that, on average, senior debt funds generated strong double-digit returns at the 10-year mark. They garnered a pooled 10-year internal return rate of 13.32 percent, net of fees, compared with the five-year average of 6.29 percent.