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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.

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.
Map of Western Europe

ICG hires ex-Silverfleet partner for German origination

The hire will provide ICG with a stronger local deal origination presence at its Frankfurt office.
London skyscrapers

CIFC prices first Euro CLO; hires UK research team

The firm has hired four researchers in London as part of its first major phase of expansion in the European market.

Two in three family offices looking to grow private debt allocation

Improved returns over meagre bond yields are a key driver of smaller institutions looking for private debt exposure.
3D map of Europe

Funding Circle launches European SME fund as revenue forecasts slashed

Peer-to-peer lender funding circle has announced a second closed-ended direct lending fund, this time focused on Germany and the Netherlands, as it slashes its revenue growth forecasts.

LGT closes second debt fund at €1.35bn

LGT beat its €800m target and more than doubled the number of investors from its previous fund.
Legal books

Designated lawyers could leave lenders in the lurch

Lawyers offer vital protection to debt funds, ensuring their documentation provides funds, and ultimately investors, with covenants and terms they can rely on. But the practice of equity sponsors designating lender counsel could be leaving creditors in the lurch.

Why non-sponsored finance is hard to do

Lending on a non-sponsored basis is growing more slowly than expected but firms are realising a specialist approach might be the key to success.

Big is beautiful as the flow of fund closes dries up

While new fund launches have slowed down significantly, those funds that are in the market are bigger than ever.

Designated lawyers could leave lenders in the lurch

Lawyers offer vital protection to debt funds, ensuring their documentation provides funds, and ultimately investors, with covenants and terms they can rely on. But the practice of equity sponsors designating lender counsel could be leaving creditors in the lurch.
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