Guest Writer
The strategy serves a key role in the economy for capital provision to mid-market enterprises underserved by banks, says Jeffrey Griffiths, principal at Campbell Lutyens.
Institutional investors are still in the discovery phase, but all the signs point to growth in both fundraising and deployment, say Campbell Lutyens head of private debt advisory group Richard von Gusovius and private debt specialist Jeffrey Griffiths.
With a thirst for diversification and yield, private investors are eyeing the likes of CLOs and special situations. Claire Madden of Connection Capital says fund managers should be alive to this trend.
The hardest thing for investors is to gauge where they should be on the risk spectrum, say Paul House and Beatrice Dupont of Venn Partners.
With LP demand for private debt at an all-time high in Europe, managers can afford to look further afield to broaden their investor bases, say Spencer Wells and Patrick McCullagh of Alter Domus.
As investors weigh up portfolio resilience ahead of a downturn, Partners Group's Christopher Bone and Alexander Ott examine the key considerations amid uncertainty across the continent.
Investors are increasingly looking outside the plain-vanilla strategy, with the secondaries market of growing interest, say Tavneet Bakshi and Christian Allgeier of FIRSTavenue.
Macfarlanes partners Alex Amos and Ceinwen Rees look at recent trends in European private debt fund structuring.
From film scripts to life insurance policies to railway carriages, the world of speciality finance is one of the most diverse that investors can face. But it needs specialist knowledge to navigate it, according to Cambridge Associates managing director Tod Trabocco
The last 10 years have seen enormous growth in private credit. Success over the next decade will depend on avoiding the crowds and having a strong operational resource, argues Hayfin’s Andrew McCullagh.