Andy Thomson
Competition is tough and deal terms are raising eyebrows. But Europe's private debt professionals are also seeing opportunity in specialisation, regulation and the growth of markets outside the besieged UK.
At PDI’s Capital Structure Forum, delegates heard about the profound impacts on investing of the “fourth industrial revolution”.
The next frontier will be competing with the syndicated and high yield markets, PDI’s Capital Structure Forum heard.
Umbrella fund finance can provide a simplified approach for managers with multiple strategies.
Frank Barbarino, senior investment officer at the Office of New York City Comptroller, offers insight on his organisation’s private debt strategy in conversation with PDI.
In his own words, he was at the epicenter of the financial crisis. Waymond Harris, director of investments at Blue Cross Blue Shield of Michigan, reflects on what happened then – and why the next crisis will not be like the last one.
Lenders may be left compromised when a deal termsheet does not make clear how much control sponsors have over the transfer of payments.
Alaska Permanent Fund Corporation - a state-run investment vehicle that distributes dividends to all eligible residents - started investing in private credit before the financial crisis, and sees no reason to pull back now.
At a recent roundtable, talking points centred around market conditions and preparing for a change in circumstances.
Josée Mondoux of Canada’s CMPA is worried by aspects of manager behavior today but takes comfort from debt managers’ more conservative approach.