EDITOR'S PICKS

NEWS & ANALYSIS

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DATA SNAPSHOT

SPOTLIGHT: Mezzanine

Junior capital is taking US market share from mezz

As more and more capital pours into global junior capital funds, unitranche and senior lenders are snatching up what might have been mezz loans.

OPINION

Why this is a fight that should be picked

As US Congress gets ready to reform the tax code, private credit and private equity firms will square off with elected leaders over a tax deduction that is crucial to both asset classes.

Lawyers dub ILPA credit line comments ‘extreme’

A commentary on the American Investment Council’s website criticised ILPA’s guidance on private equity’s use of subscription credit lines.

Focus on covenants, not talk of growth

Private debt has proved it is capable of scaling up quickly, but the key question hanging over the asset class is whether it is also capable of sustainability.

EDITOR'S VIEW

Echoes of the crisis

DATABASE

INVESTOR IN FOCUS

SPOTLIGHT: INVESTOR ALLOCATIONS

Uncorrelated returns: The holy grail

Frank Barbarino, senior investment officer at the Office of New York City Comptroller, offers insight on his organisation’s private debt strategy in conversation with PDI.

PDI LIVE

PERSON IN THE NEWS

MOST READ

INVESTOR SPOTLIGHT

TERMSHEET

LARGEST FUND CLOSES OF 2017

LONG READ

THOUGHT LEADERSHIP

PEOPLE

NUMBER OF THE WEEK

 

€43.5bn

Total of “ongoing” loan sales in Italy, the largest amount in Europe ahead of Spain’s €32.3bn according to Deloitte’s Deleveraging Europe H1 2017 report