Andy Thomson
The latest version of the Alternative Lender Deal Tracker shows political events have not derailed Europe’s direct lending activity, though fundraising has fallen.
The fundraising is the first to be concluded since the UK-based manager was acquired by Natixis Investment Managers in June this year.
This year marks the sixth version of PDI’s annual recognition of the asset class’s star performers. Here is your chance to remind us of your milestones to date.
Has the European private debt market had it too good for too long? There are no signs of panic, but nerves are jangling as loose structuring, leverage, competition and political volatility compete to be the asset class’s chief bogeyman.
In the latest draft amendments to its valuation guidelines, the organisation for the first time looks at debt investments in their own right and not just as part of private equity deals.
View all the key PDI fundraising data from a series of slides presented to delegates at our recent Capital Structure Forum in London.
While happy with short-duration debt, and now considering longer-duration strategies, Blu Family Office’s Tom Tardif is not impressed with some funds’ low deployment rates.
Larger private debt managers have never had it so good, but possible over-reliance on the PE market may leave some regretting their neglect of the non-sponsored opportunity.
Private debt managers need to accelerate their take-up of new technologies to avoid becoming yesterday’s news.
Fund managers are not taking advantage of modern intelligence tools that would allow them to do more thorough underwriting, says Matthias Kirchgaessner, an external adviser at Plexus Investments.