Alternative lenders present in over half of European mid-market deals – report

Private debt funds are increasing their presence in European LBOs and refinancings, particularly in the UK and Germany.

Move over, mezzanine

Unitranche finance has become one of the most popular private debt strategies in recent years, but has it displaced its rivals? John Bakie investigates

Barings BDC debuts with almost $160m of commitments to mid-market companies

Barings’ latest investment vehicle made $87m in mid-market commitments in the third quarter and $72m from quarter-end through early November.

LibreMax to extend its CLO offering

The firm is under agreement to acquire KCAP’s CLO credit branch by the end of this year so KCAP can refocus on mid-market lending.

Europe set for record deal volume

In Europe, 2018 is on course to see record private debt deal activity with a 34 percent annual rise.

VIDEO: How to achieve ‘less blood in wartime’

Turnaround specialist Richard Thomson insists it is possible to achieve 'amazing outcomes' from 'scary' deals if you get your priorities right, in this two-minute video.

AXA makes further strides into the US market with $9.4bn Quadrant deal

The French firm has acquired a real estate debt portfolio in the country and a 24-member investment team as it expands its global strategy to deploy capital.

Deloitte survey: Deals prove resilient to macro factors

The latest version of the Alternative Lender Deal Tracker shows political events have not derailed Europe’s direct lending activity, though fundraising has fallen.

When it comes to EBITDA, lender beware!

With concern increasing over various deal terms, Paul Johnson of EQT Credit warns of the growing trend of inflated earnings figures.

DOWNLOAD: European private debt – what’s around the corner?

Seven slides show the state of play for the asset class on the continent, and what curve balls might loom.

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