Andy Thomson
Andy Thomson is a Senior Editor at PEI with responsibility for Private Debt Investor, the leading title focused on the world's private debt markets. Andy works closely with team members in London, New York and Hong Kong. He has been with PEI for many years, having worked previously on Private Equity International and Infrastructure Investor.
UK economic data has produced something of a shock, highlighting the need for private debt managers to consider the consequences of changed circumstances.
Lending against listed securities is one of many speciality private debt strategies jostling for attention and poised for growth.
The alternatives giant has taken up an option to double its interest in the UK-based fund manager three years into their strategic partnership.
Issuance has shot up in the first half of this year, underlining the importance of best practice being applied.
CVI’s first institutional direct lending fund raised for the CEE region is making progress towards its eventual €300m target.
The private debt market has reasons for optimism based on the findings of a new study into borrowers and how they are being financed.
The default rate has fallen to a notably low level thanks to government support, but there should be no room for complacency.
There are no signs yet of investors putting caution to one side, but a change in sentiment may not be far off.
Having paused, investors will once again begin expanding into more adventurous areas, says William Nicol of M&G.
Those businesses that have emerged from the pandemic in the best shape may have particular financing requirements. Lenders are taking note.
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