Loan Note: Views mixed on virtual underwriting; NAV facilities show their adaptability

Mixed views on the desirability of virtual due diligence – North America says 'good', Europe and Asia-Pacific say 'bad'. Plus, why NAV facilities should endure, and Barings' thoughts on next year. Here's today's brief for our valued subscribers only.

They said it

“The number one takeaway is that 2020 has had a little bit of everything and it defies the classical cyclical characterization”

Jason Thomas, head of global research at The Carlyle Group, commenting on findings from the firm’s Credit Market Outlook for 2021 report

First look

Big divide on virtual underwriting
We’re frequently told that virtual due diligence is the ‘new normal’ for investors in private funds, but new research suggests that may depend on where you’re based.

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