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
Regulators and the asset class need to talk more
The spotlight is intensifying as private debt’s role in the stability of the financial system is questioned – and misunderstandings needs to be addressed.
The legal advice that’s not wanted
Although unfavourable deal terms have been in the spotlight, they are not the only cause for resentment among lenders in today’s market.
Private debt’s Darwinism: Canadian investors show a path for managers to evolve
Managers should differentiate themselves by being flexible investment partners to their investors, as a Canadian bank’s research demonstrated this week.
SPOTLIGHT: ASIA-PACIFIC
Balbec garners $100m for global insolvency credit fund – exclusive
The just-launched fund is targeting $1bn
SAID AND DONE
“It had to be a prestigious affiliation from a party willing to pay a fair price to obtain a non-controlling interest in Oaktree that would remain freestanding and autonomous”
Howard Marks, founder of Oaktree, comments on his firm’s deal with Brookfield in the May issue of PDI
PERSON IN THE NEWS
INVESTOR SPOTLIGHT
TERMSHEET
LARGEST FUND CLOSES OF Q1 2019
| Lone Star Fund XI | $8.20bn |
| BlueBay Direct Lending Fund III | $6.73bn |
| Levine Leichtman Capital Partners VI | $2.50bn |
| Taiga Special Opportunities Fund | $2.50bn |
| Tikehau Direct Lending IV | $2.35bn |
NUMBER OF THE WEEK
$1trn
The size of the US leveraged loan market according to a new white paper from Swiss private markets firm Partners Group. The market roughly doubled in size between 2008 and 2018, but there has been similar growth in the corporate bond markets.
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