Private debt fund managers are struggling to raise capital, but investors have reason to gain confidence in the prospects of the asset class.
Bank capital requirement changes and shrinking balance sheets are opening doors in multifamily, industrial and construction.
Berkadia's Foschini dives into why the structure is drawing more attention from sponsors today.
Firms exhibited 'muddling growth' in the latest quarter from a year ago, says Golub’s chief executive officer, but at a significantly slower pace than the first quarter.
A continued pause in the UK property investment market is expected following the Bank of England’s latest interest rate rise, which will further impact affordability of loans.
Payment in kind is an option which, due to interest rate rises, is increasingly in demand from sponsors and borrowers. Lenders must make sure they are applied only in appropriate circumstances, say Daniel Hendon and Phil Anscombe of Proskauer Rose.
Receiverships at Docklands office buildings in London suggest even prudent senior lenders will be impacted by problems in the office sector.
A full-scale financial crisis currently looks unlikely, but there is further potential for volatility, the manager warned.
The head of Europe for the risk management firm sees sponsors aiming to push out debt maturities by up to two years.
Debt funds and alternative lenders step into the space left by banks, Real Estate Capital USA data shows.