PDI Staff Writer
Significant risk transfers are the latest manifestation of bank/fund complementarity, according to KKR; bankruptcy level stays constant; and Capza raises significantly more for its latest European fund.
AIC finds private debt performance standing up well versus comparators; direct lending volume dips but leveraged buyout financing is on the rebound; and NAV specialist 17Capital makes move into GCC.
Fitch finds defaults rising amid healthcare struggles; Monroe notes a strengthening US leveraged loans market; and MidOcean wraps up a new opportunistic credit fund.
Coller finds strong appetite for private credit; European mid-market performing well; and new private credit blockchain solution launched.
Encouraging data for US direct lending; refinancings drive a revived broadly syndicated loan market in Europe; and LPs not as negative as you might think on NAV loans.
Insurance appetite for private debt revealed by survey; Arrow makes acquisition in Germany to deepen its presence in the market; and PGIM launches its first ELTIF vehicle.
'Grace period' forms part of new net-zero guidelines for private debt; Alcentra tracks some key implications of the broadly syndicated loan market's revival; and Antares' latest hires reflect emphasis on the wealth channel.
The key to investing in the mid-market is the ability to pivot across geographies and different industries, says Michael Ewald, a partner and global head of private credit at Bain Capital.
Stressed investments that don’t require restructuring can prove a rich source of performance, says Adam Phillips from RBC BlueBay Asset Management.
Inside: Africa calling – Afreximbank’s Kofi Asumadu on seeking private capital; The technology challenge facing managers; Why Middle Eastern LPs are looking to the US; Plus much more…