Andy Thomson
The future of Asia-Pacific private debt will be under discussion next week as we mingle with industry leaders at our APAC Forum. There appears to be room for optimism.
The European fund manager’s deal is expected to close in the second half of this year and will almost double the size of its asset servicing activities.
Macroeconomic developments seem to have taken a more positive slant, but the need to refinance will expose weaker credits in the end.
Private debt and ESG don’t have a long history together, but there are signs of much-needed progress being made.
The worsening economic crisis in Australia presents opportunities in the nascent special situations market for fund managers such as Sydney-based Arbitrium Capital Partners.
As public market software company valuations decline and recapitalisations slow, sponsor and lender interest in advancing loans to companies on an ARR basis has either reduced or become more conservative.
The US business development company market has found itself exposed to stock market volatility and redemption pressure. But, due to conservative structuring and a promising environment for new deals, there are few signs of panic.
The sponsored buyout market has been the increasing focus of direct lending activity in recent years. But as that market comes under pressure, might non-sponsored deals finally thrive?
Having been shaken by market volatility, publicly listed business development companies are confident market conditions are turning in their favour.
As technology businesses grew in favour, lenders adapted to a different type of financing – only to now see it come under scrutiny as interest rates rise and economic growth slows.