Andy Thomson
.jpg "Brexit fails to dent investor confidence – exclusive")
A survey from Elian, revealed exclusively to PDI, shows almost three-quarters of LPs maintaining or increasing their private debt allocations.
In New York, Hong Kong and Osaka, private debt leaders have been wrestling with some weighty issues. PDI was at three conferences taking the industry’s pulse.
Benoît Durteste, executive director and head of European investments at ICG, discusses current market conditions and why national shocks will not eliminate investors’ appetite for yield.
The London-based specialist credit investment firm has raised more than €2bn in total for its Credit Opportunities III strategy.
The deal sees the EIB participate in its first public asset-backed securitisation in Austria, with Raiffeisen aiming to lend more to SMEs.
.jpg "Brenke joins Berment as Ardian co-head")
Mark Brenke, who set up ICG’s European direct lending business, will work alongside Ardian veteran Olivier Berment (pictured) at the head of the firm.
Credit veteran Ben Gulliver will be involved in the firm’s launch of new strategies over the coming months.
The combination of a mature cycle and global turbulence gave participants at PDI’s Capital Structure Forum pause for thought.
Sir Michael Rake, chairman of BT Group and Worldpay, said private debt “meets a real need” but said the mistakes of the past must not be repeated.
.jpg "First Avenue bolsters US private credit team")
The placement agent has added former Unigestion professional Haroon Chishti as a director in its New York office.