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DATA SNAPSHOT

EUROPEAN REPORT 2019

Europe report 2019

Global private debt fundraising declined last year, but the European market has held up well. In our PDI Europe Report 2019, we look at...

OPINION

Why LPs are on their guard

It’s a time to be alive to questionable claims as well as the requirements of a changing market, according to investors at the PDI New York Forum.

A 5.5x EBITDA loan? Sure, you can call it senior secured

Unitranche has found favour post-GFC as a result of its simplicity. But investors should make sure not to ignore it goes much deeper in the capital structure than traditional first lien senior secured debt.

Permanent capital can increase access to private debt

In our September magazine’s Deep Dive, investment professionals stressed the benefits of permanent capital. One overlooked advantage is making the asset class more accessible.

EDITOR'S VIEW

DATABASE

SPOTLIGHT: LIMITED PARTNERS

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PERSON IN THE NEWS

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INVESTOR SPOTLIGHT

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LARGEST FUND CLOSES OF H1 2019

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THOUGHT LEADERSHIP

PEOPLE

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.

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