Staff Writer
Lenders that can look beyond cyclical trends in the fragmented European private credit market will be well positioned to benefit from long-term tailwinds, says Zach Lewy, CEO and CIO at Arrow Global.
Generating alpha and being able to quickly put capital to work are key advantages of fund finance, says Matt Hansford, European head of Barings Portfolio Finance.
Lenders are responding to an increase in non-institutional investors and semi-liquid vehicles, while GP borrowers are opening up to new sources of fund finance, say Edward Beecham and Megan Livingstone of Alpha Fund Finance.
An expanding borrower universe and new entrants on the lending side are driving innovation in fund finance, according to Meyer Dworkin, head of fund finance and structured credit; David Kennedy, partner; and Kwesi Larbi-Siaw, counsel at Davis Polk & Wardwell.
GPs are turning towards NAV financing as the market demands more flexible solutions and offers diversification for investors, says Arcmont’s head of NAV Financing, Peter Hutton.
Inside: What ‘America First’ means for private credit; How LPs are looking beyond US-focused direct lending funds; Expert comment from Churchill Asset Management, Gordon Brothers and Balance Point Capital; Plus, much more…
Rated subscription lines and NAV loans are a strongly performing area, says Thomas Speller, senior managing director, global head of fund finance at KBRA.
CLO equity offers opportunities to enhance returns during periods of heightened volatility, says John Wright, partner and global head of credit at Bain Capital.
The asset class can take advantage of the fast-changing environment, says Gabriel Yomi Dabiri, global head, private credit and direct lending, Squire Patton Boggs.
The role of local scale, vertical integration and platform control in sourcing and managing mid-market opportunities, by Enrico Sanna, CEO of Platforms at Arrow Global.