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David Turner

A raft of new lenders, including those using the latest digital technologies, have launched into the market in recent years. How will their models stand up to more challenging circumstances? David Turner investigates
Private equity firms and their lawyers argue that loosening the restricted payments covenant is necessary to ensure their interests match those of the borrower by keeping the sponsored company in financial good health. But it’s a controversial development, finds David Turner
circles time clock
It will be a big opportunity, but when? David Turner gets the views of strategic advisors on what to do when a downturn is anticipated but not visible
As environmental, social and governance issues move from providing a competitive advantage to becoming essential for private debt firms, investors expect much more than just a box-ticking exercise.
Market observers say progress has been made towards acceptable compensation structures, finds David Turner. However, these should not be the only criteria in deciding who to back
digital revolution
Marketplace lenders have a wealth of information at their fingertips, giving them what they think is a vital advantage. But why do some investors still need convincing of their merits? By David Turner with additional reporting from Andrew Hedlund and Andy Thomson
pile of rolled dollar note bundles
Observers say Europe’s secondaries market, eclipsed for so many years by the boom in direct lending, is starting to show early and patchy signs of an upturn, writes David Turner.
Europe
Unitranche has dominated the continent’s private debt markets in recent years. But, as David Turner reports, mezzanine’s advocates say that it offers better prospects.
Lending into the IT and software space could generate robust returns, even in a downturn – provided you pick the right spots.
Relatively insulated from global trade volatility, the US business services sector is attractive to domestic lenders.
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