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Debt funds embracing riskier credits and more complicated deal structures poses a greater risk to the industry than a turnaround in the credit cycle, panelists argued during PDI’s Germany Forum.
Advisors speaking at the PDI Germany Forum noted German investors should be a target for debt funds. These investors, however, require further educating before their allocations become substantial
With spreads tightening, pricing under pressure and covenants loosening, managers speaking at PDI’s Germany Forum championed the diversification benefits of the asset class.
The firm’s latest Credit Solutions Fund has more than doubled the capital raised by its predecessor.
The firm is looking to raise at least €500m from shareholders as it looks to almost double its assets under management by 2020.
The broad performance of private debt declined towards the end of 2016, as figures show increasing competition within the industry.
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The firm has provided acquisition finance for the purchase of Willerby, a UK-based mobile and holiday home manufacturer.
The firm’s Asset Backed Income Fund is eyeing higher-yielding sectors as its traditional areas of investment see yield compression.
Does exposure to a larger number of underlying credits via peer-to-peer lending platforms offer added value for investors?
As we look forward to this year’s Munich event, we speak with panellist Deborah Zurkow of Allianz about how German private debt fits with other financing options and the importance of regulation.