The need for speed leads firms to throw more resources behind due diligence

With huge amounts of capital competing for high quality assets, due diligence processes are under pressure.

The legal advice that’s not wanted

Although unfavourable deal terms have been in the spotlight, they are not the only cause for resentment among lenders in today’s market.

EBITDA on steroids

The EBITDA addback is one of the most worrying aspects of loan documentation. Market professionals detail how prevalent and potentially damaging it has become.

Foreign investors are seeing increasing opportunities in China’s credit crisis

Following a period of loose credit in China, international investors are looking to snap up the wealth NPLs it has generated.

Investcorp acquires placement firm Mercury

The transaction is part of the Bahrain-listed firm’s expansion and global growth plan to boost its AUM to $50bn.

All is calm, but it’s time to stay alert

Many in private markets seem content with market conditions, but it wouldn’t take much for a temporary wobble to become a longer-lasting problem.

4 takeaways from InterGrowth 2019

The borrower-friendly market was the source of many observations at the annual gathering of private equity professionals, private credit managers and service providers in those industries.

Brookfield aims for relevance at every point in the cycle: Flatt

In buying Oaktree and capturing its credit business, Brookfield now has capital to serve its clients at all times, says chief executive Bruce Flatt.

Howard Marks on the Oaktree-Brookfield tie-up

Oaktree Capital Management wasn’t looking for a partner when Brookfield Asset Management approached it about a deal. Founder Howard Marks talks Isobel Markham and Andrew Hedlund through the transaction, and what lies ahead for private markets

UK NPL portfolios expected to be put up for sale

CBRE’s head of loan advisory expects an increasing number of non-performing retail loans to hit the market in the next two years.
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