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.

Lending deals change gears

Data from the Deloitte Alternative Lender Deal Tracker shows activity has dropped slightly, but private debt continues to gain traction in Europe.

WATCH: ‘One to two years’ before distressed cycle – Lasry

A benign economy won't last forever, with high leverage and rising interest rates meaning that the cracks are already appearing. PDI caught up with Avenue Capital's Marc Lasry in this three-minute video.

Private debt recognised as standalone asset class by IPEV

In the latest draft amendments to its valuation guidelines, the organisation for the first time looks at debt investments in their own right and not just as part of private equity deals.

What happens when private equity deals dry up?

Larger private debt managers have never had it so good, but possible over-reliance on the PE market may leave some regretting their neglect of the non-sponsored opportunity.

Half of German mid-market deals funded by debt funds – report

Debt funds have been rising in prominence in German mid-market debt since their first appearance in 2013.

Mizuho to launch new infra debt fund this month

The vehicle will be targeting senior debt for greenfield and brownfield projects in investment-grade countries, as well as developing markets through credit enhancement.

Distressed debt activity rises 16% in 2018

The US and Asia are experiencing a wave of large distressed debt and restructuring deals.

FS, Bain, KKR BDCs hold first lien debt in bankrupt American Tire

The Apollo BDC, which owns equity in the company, shed its subordinated debt positions in the second quarter, as did the New Mountain BDC.

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