John Bakie
The special opportunities vehicle will seek to benefit from market dislocation in the wake of the coronavirus pandemic.
The leasing fund reached final close at a time of unprecedented turmoil in the airline industry.
The coronavirus crisis has helped push fundraising even lower in 2020 after several years of decline.
Despite the crisis, alternative lenders are keen to secure more business including in senior lending and acquisition finance.
The coronavirus crisis is creating unprecedented financial distress across markets and provides the first key test of private credit’s ability to manage a downturn.
Effective communication during the coronavirus pandemic will be key to safeguarding businesses and preparing for the future, writes Prosek Partners' Josh Clarkson
Although valuations are unlikely to fall in the short term, managers should be wary of expecting a rapid recovery in the global economy.
A number of stress scenarios could see significant downgrades of some tranches.
A flight to safety in uncertain times and LPs’ growing confidence in making loans of their own mean senior debt could be one of the most competitive parts of the credit market over the coming years, says John Bakie
Firms will have to change their approach to fundraising and portfolio company monitoring until the coronavirus outbreak recedes.