Asia: Junior lien in demand

Global investors’ appetite in Asia focuses mostly on mezzanine and subordinated debt, followed by distressed debt, PDI data shows.

TCG BDC wants predictable dividend

Over 80% of the firm’s investments in the third quarter backed LBOs and acquisitions.

Partners Group gives credit for KKR Oz deal

The investment firm has provided unitranche debt financing for the acquisition of a cosmetic treatment firm.

Are Europeans risking a debt overdose?

There was no shortage of takers for the debt financing backing the buyout of German drugs firm Stada, despite an aggressive element to the structure.

Third time’s a charm as Westpac offloads Hastings

The sale allows UK investment firm Northill Capital to gain a foothold in infrastructure, ending a sale process that had been running for almost two years.

Focus on covenants, not talk of growth

Private debt has proved it is capable of scaling up quickly, but the key question hanging over the asset class is whether it is also capable of sustainability.

PDI Global Awards: Let’s hear from you!

It’s that time of the year again, when the spotlight falls upon those perceived to be leading the charge as private debt sees unprecedented growth.

African PE is dead, long live private credit!

Investors in the continent’s private equity market should be considering other parts of the capital structure, writes Syntaxis Capital’s Africa head.

US mezzanine: The capital keeps coming

More and more capital is pouring into global junior capital funds, but unitranche and senior lenders are snatching up what might have once been mezz loans.

Euro mezzanine: Keeping it in the family

Making financial sacrifices and being willing to ‘die in the ditches’ make family owners ideal for mezzanine lenders as the cycle poses challenges.