Andy Thomson
Deals are getting larger, and those providing the loans are becoming more trusted and sophisticated. Craig Packer of Blue Owl Capital thinks these are reliable indicators that direct lending is set to expand and prosper.
London has played a bigger part in Michael Carruthers’ life and career than he might have imagined.
Assisted by volatile market conditions, private debt firms have carved out a place for themselves in the mega-financing arena once solidly occupied by the banks.
Private credit has received plenty of acclaim as a well-positioned asset class for the times, but investors are not entirely void of concerns.
At our gathering of private debt professionals from the US and elsewhere, participants had a sense of resilience and opportunity – while also acknowledging that tough times may lie ahead.
The deal cements parent company LCFH’s position in the management of consumer and SME loans, leases and mortgages across Europe.
Muzinich & Co can claim an unusual status in being a New York-headquartered fund manager that made Europe its initial target market.
To some, the rules are simply a means of ensuring private fund managers apply the same principles as other asset managers. To others, they demand a strong defensive response.
Lender-on-lender violence is being seen with increasing frequency as private debt firms show their willingness to be aggressive in stressed scenarios.
The use of sustainability-linked loans is becoming widespread but pricing and valuation can be complex. John Czapla and Adrian Lowery of VRC consider the issues.