John Bakie
John Bakie joined Private Debt Investor in November 2017 as news editor. He has spent over a decade covering a wide range of financial services including private equity, venture capital, retail investment, securities trading and asset custody.
A recent survey by Private Debt Investor underlined the growing popularity of asset-based lending among investors. But although opportunity exists, John Bakie finds there are also barriers to entry
High levels of debt have come at a time when credit quality is declining and record numbers of BBB bonds have been issued.
Amid a major downturn in fundraising activity, distressed debt funds are bucking the trend, indicating that investors see difficult times ahead.
The UK's regulator has thrown its support behind the SONIA benchmark as a replacement for LIBOR, which could have knock-on consequences for private debt documentation.
The firm continues to diversify its asset base to achieve its ambitious long-term fundraising goals.
The deal transfers management of two real estate funds to BSP including investment professionals and salespeople.
The vehicle will aim to generate strong risk-adjusted returns regardless of broader market conditions.
Peter Glaser will take over the European direct lending team, supported by two senior hires.
More work is needed to make standardised data on ESG available for smaller companies in the leveraged loan markets.
The lender expects to increase its direct lending activity in Spain after making four investments last year.
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