Private debt is becoming more diverse. There are more women in the industry – and in more senior positions – and there is more activity away from the traditional North American hotbed. While the US and Canada continue to lead the way, Europe and Asia-Pacific are catching up. Next is to move from a mindset of getting more women into boardrooms to one of fostering greater cognitive diversity and variety of backgrounds.
Debt diversifying
Five private debt trends to track
From growing markets to staff diversity, these are things that managers and service providers should keep in mind going forward.
The EIF’s support for ‘sponsor-less’ transactions
Institutional investors in favour of sponsor-backed, syndicated deals have typically overlooked the lower end of the private debt universe, but the European Investment Fund’s Marco Natoli and Francesco Battazzi believe that will change
Roundtable: How private debt is being reshaped
The asset class is seeing increased competition but continuing to grow and innovate. It is also beginning to respond to diversity issues – though work remains to be done
SANNE’s take on Ireland’s ILP Act
Ireland’s new Investment Limited Partnerships (Amendment) Bill 2019 should appeal to both investors and managers, says SANNE’s James Kay-Hards
M&G eyes wealth of opportunity
As the private credit markets continue to expand in Europe, William Nicoll, M&G Investments’ head of institutional fixed income, says investors will do well to remember opportunities that exist beyond direct lending
Going public-to-private
Proskauer partner Alexander Griffith explains how navigating the process is different from private acquisitions.
Fiera Private Debt on maintaining discipline
Philip Robson and Theresa Shutt of Fiera Private Debt argue that in today’s market rigour and focus matter all the more
Industry big guns point the way forward in the US
Three high-profile keynote speakers revealed their concerns and expectations for private debt at the PDI New York Forum.
Tree Line tackles mid-market misconceptions
Intact credit fundamentals allow for outsized returns while ensuring principal preservation, says Tree Line Capital Partners’ founder and managing partner Jon Schroeder
A tour of private debt in Asia
LPs and managers from across the region discuss how the asset class is developing.
Northleaf: Evergreen interest grows
Evergreen funds are gaining popularity with global investors, says Northleaf Capital Partners’ David Ross
More is needed in drive toward gender diversity in private debt investment
A growing number of women are entering the industry, but the co-founder of GLAS Mia Drennan warns there is still a long way to go.
Barings’ take on late-cycle investing
Adam Wheeler, co-head of Barings’ global private finance group, discusses the importance of discipline and risk management in today’s late-cycle environment