Credit ratings are a vital tool for corporate debt borrowers and issuers. They should not get mixed up with non-rating opinions, urges Joshua Thompson of law firm Sidley.
Pathfinder Fund hopes to set a trend by donating at least 10% of carried interest profits to health and education charities.
Western and Eastern private debt deals have little in common when it comes to how borrowers and lenders are treated.
With covid-19 causing complex disruption to the world of commerce, private equity sponsors, portfolio companies and lenders can work together to deal with financial covenant breaches encountered as a result of operating in such unprecedented times.
The market may have balked, but the firm’s deal to buy its insurance affiliate makes plenty of sense.
The senior credit fund, which includes long-term leverage, has exceeded its target.
The strategic opportunities vehicle is targeting investments striving for consistent cash yield.
The ease with which capital could leak out of businesses was symbolic of borrower power in deal negotiations. A more challenging environment has put this in a harsher spotlight.
The target for the European fund has been exceeded, as Ares’ gross fundraising surpasses $40bn and net income more than doubles.
Europe
A business development company owned by Bain will reach into European and Australian direct lending through the launch of a new platform.
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