Andy Thomson
Reasons for longer-term vehicles in private debt are growing, with one being the requirement to support businesses traditionally backed by banks.
Arena Investors’ Daniel Zwirn believes direct lending, leveraged loans and CLOs could be partly responsible for the next financial crash, whenever it comes.
Arena Investors’ Daniel Zwirn believes direct lending, leveraged loans and CLOs could be partly responsible for the next financial crash, whenever it comes.
The Finnish fund of funds manager’s second vehicle is now larger than its first and has a final target of up to €300m.
Timing, fees and manager differentiation are among the key issues for limited partners prepared to take a punt on GPs that thrive on turmoil.
The European Parliament has approved changes to the pre-marketing of alternatives funds that should make the process easier across the continent.
With Cheyne’s €1bn close earlier in the week, an HIG Bayside vehicle is another to target ‘challenging’ conditions for smaller businesses in the region.
The firm’s European Strategic Value Credit Fund, targeting stressed mid-market debt, was 40% oversubscribed.
The European Leveraged Finance Alliance has sent would-be investors in high yield bonds a questionnaire to encourage issuers to open up on key deal terms.
Listen to the recording of our live podcast from the PDI Germany Forum in Munich covering key issues such as competition, supply and demand and LP allocation priorities.