Andy Thomson
The ‘b’ word has been used in relation to private equity. Should its close relative private debt be worried?
The UK-headquartered manager has raised €70m for its Italian Green Bond Fund, which is aiming for €200m in total.
The last five years has seen private debt funds successfully exploit a banking vacuum; the next five will be characterised by diversification.
The firm has provided a €115m term loan to Inspired, a schools provider, to support its continuing acquisition strategy.
British Business Investments has shifted more towards funds operating at the lower end of the lending market in search of better returns.
A new report from the firm says direct loans in the mid and upper mid-market offer the most attractive return potential in the US.
Confidence in prospects is high, but up to now investors have been more impressed with what other alternative asset classes have delivered.
The capital for Simply Asset Finance comes from the British Business Bank’s ENABLE programme.
The second fund in the credit opportunities series will target subordinated debt securities, corporate mezzanine, asset-backed investments and speciality finance.
Private debt managers raised a record $180bn last year. Interact with our key data on the most popular strategies and biggest funds.