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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.
After suffering the loss of GSO co-founder Bennett Goodman last year, Blackstone’s credit arm has also been hit by the coronavirus.
While the overall outlook for 2020 is negative, there are sharp variations depending on manager strategy.
Our interactive report reveals fundraising has ground to a halt as covid-19 takes its toll on economic activity around the world.
pile of rolled dollar note bundles
The vehicle will follow its predecessor’s strategy of lending to mid-market US companies across a range of sectors.
The lending platform will join more than 40 lenders in supporting UK businesses through the crisis.
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.

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