Borrowers have held the balance of power for some time when it comes to deal negotiations. There are signs that their grip is being loosened, if only a little.
The fund is one of the largest ever for riskier subordinated debt.
New research suggests there is a real estate refinancing debt funding shortfall ahead. But the problem is unlikely to be as severe as in the aftermath of the global financial crisis.
Our annual conference in New York (virtual of course) lifted the lid on how participants in the direct lending market are faring in a changed landscape.
The private markets giant says this is the largest such fund ever, and it will seek to deploy capital opportunistically.
The inaugural Senior Loan Fund doubled its initial target of $1.5bn, and will focus on sponsor-backed companies in the US and Canada.
Amid the turmoil caused by the pandemic, technology and life science firms are seeing strong growth – and lenders are taking advantage.
Transactional activity has taken a major hit in the US, but distressed deals will be available for those willing to wrestle with the complexities.
So, what are today’s hot sectors? John Bakie runs the ruler over the likely winners and losers.
As costs continue to be squeezed, and with government help set to be phased out, many businesses will need to take action to stay afloat in the months ahead. Jatinder Bains of Macfarlanes examines the pros and cons of the company voluntary arrangement.
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