EDITOR'S PICKS
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NEWS & ANALYSIS
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DATA SNAPSHOT
SPECIAL REPORTS
OPINION
Covenants are an even hotter topic in 2020
Unable to force deal sponsors to the table in times of stress, lenders find themselves effectively handcuffed. No wonder the covenant-lite loan remains one of the asset class’s big talking points.
The talking points in 2020
PDI’s private debt prognosticators take a crack at predicting several of the big themes that will be front of mind next year.
The debate around debt secondaries
The credit fund secondaries market could be huge. The question is ‘when?’
Watch out for the loan sharks
Market sources tell us of some aggressive practices being undertaken by lenders at the smaller end of the market.
It’s never too early for New Year resolutions
Talk of how to respond to a downturn was on the agenda at our recent London event, amid scepticism that fund managers were sufficiently well prepared.
ESG is on the agenda: But there are different reasons why
Relative to its peers in private equity and other asset classes, private debt is behind the curve on ESG. It is catching up, but with various approaches and motivations.
SPOTLIGHT: LIMITED PARTNERS
“Most influential” Castledine moves to Bfinance
Trevor Castledine, a pioneering investor who made his name at Lancashire County Pension Fund, featured in our November 2018 list of individuals who have transformed private debt.
SAID AND DONE
“Although I’ve made reference to them in some past memos, games have played a bigger part in my life than you probably know. Because of the many connections between investing and gambling, many of the investors I respect play blackjack, poker or backgammon”
Oaktree Capital co-chairman Howard Marks in his latest memo on the role of gaming in his life
PERSON IN THE NEWS
INVESTOR SPOTLIGHT
TERMSHEET
LARGEST FUND CLOSES IN 2019
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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