Andy Thomson
Borrowers have held the balance of power for some time when it comes to deal negotiations. There are signs that their grip is being loosened, if only a little.
Our annual conference in New York (virtual of course) lifted the lid on how participants in the direct lending market are faring in a changed landscape.
The partnership, which will target European mid-market businesses, follows the launch earlier this year of an Apollo/Mubadala tie-up aimed at the larger deal space.
The fund manager has attracted a commitment from the EIF as it seeks to broaden its appeal beyond its home country.
We sought the views of asset class professionals about the ways in which the crisis is shaping private debt.
The Copenhagen-based fund manager has raised half the target of €1bn for its third senior direct lending fund, as it goes to LPs with a message of low risk and geographic diversification.
Royalties is one of the speciality finance strategies attracting increasing interest from investors as they look beyond the traditional choices.
A survey has found almost unanimous agreement among investors in the European leveraged finance market that covenant capacity cannot be accurately calculated.
With some portfolio companies needing urgent financing support, private equity managers may once again consider adding debt operations – but it comes with challenges.
David Scopelliti, who was chief executive of Alcentra Capital Corporation until 2018, becomes global head of private debt at the consulting giant.