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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.
american business

European and Asian investors face costly hidden fees for US debt funds – report

Fees for offshore vehicles and a range of hidden costs are causing a returns disparity for non-US investors in US funds.

BNP Paribas closes CLO on €407.5m

The CLO was oversubscribed and raised capital from European and Asian institutions.

Barings closes European loan fund at €1.5bn

The fund is the latest in a string of vehicles with more than €1 billion to deploy in the European mid-market.
USA and China trade war

Corporate debt levels could make trade war recession worse – report

Growing levels of corporate debt, particularly leveraged loans, may leave firms vulnerable in the next economic downturn.

BlackRock closes credit opps fund at $2bn

The fund will look at special situations and opportunistic credit to help investors generate returns through the credit cycle.

Tikehau boosts debt assets by over 30%

An oversubscribed fundraising for its fourth direct lending fund has pushed Tikehau’s assets under management to new records.

Alcentra closes European direct lending fund on €5.5bn

The fund is the latest mega-vehicle to close this year and will focus on sponsored opportunities in the European mid-market.
Flag of Ireland

Beechbrook secures €35m for Irish SME fund

The firm’s first Irish fund will operate out of Cork and Dublin to back high-growth companies in the country’s regions.

Värde names Carstairs as co-CEO

The appointment will aid founder George Hicks’ shift to the executive chair role in 2022.

Goodbye LIBOR, hello uncertainty

LIBOR has underpinned financial products for decades. But it could be phased out in less than three years, with huge implications for private debt lenders.
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