It’s hard to think of too many positives from the pandemic that has blighted the world for close to two years. But Timo Hara, founder and partner of Finnish fund of funds manager Certior Capital, hints at one: “Maybe covid gave managers of private debt firms a bit of time to sit at home and think strategically about what they could do to ensure their survival and prosperity over the long term.”

Deep dive: Credibility on the line
Having exploded onto the scene in the broadly syndicated market, the impact of sustainability-linked loans is now being felt in private debt. But managers need to make sure they do not stand accused of greenwashing. By Andy Thomson