Goodbye LIBOR, hello uncertainty

LIBOR has underpinned financial products for decades. But it could be phased out in less than three years, with huge implications for private debt lenders.
Marina Bay Singapore

Genesis launches South-East Asia venture debt fund

Singapore-based lender's five-year vehicle is targeting a gross IRR of 12-25%, with equity upside.

Neuberger Berman raises $1bn to make loans to GP firms

Dyal’s new strategy will involve making loans to alternative asset managers regardless of whether the firm holds a stake in the potential borrower.

Generali launches €1bn European real estate debt fund – exclusive

The Italian insurer is planning to open the platform to third-party investors and raise an additional €500m over the next two years.
Map of Western Europe

ICG hires ex-Silverfleet partner for German origination

The hire will provide ICG with a stronger local deal origination presence at its Frankfurt office.
London skyscrapers

CIFC prices first Euro CLO; hires UK research team

The firm has hired four researchers in London as part of its first major phase of expansion in the European market.
3D map of Europe

Funding Circle launches European SME fund as revenue forecasts slashed

Peer-to-peer lender funding circle has announced a second closed-ended direct lending fund, this time focused on Germany and the Netherlands, as it slashes its revenue growth forecasts.
Legal books

Designated lawyers could leave lenders in the lurch

Lawyers offer vital protection to debt funds, ensuring their documentation provides funds, and ultimately investors, with covenants and terms they can rely on. But the practice of equity sponsors designating lender counsel could be leaving creditors in the lurch.

The need for speed leads firms to throw more resources behind due diligence

With huge amounts of capital competing for high quality assets, due diligence processes are under pressure.
Difficult road

Why non-sponsored finance is hard to do

Lending on a non-sponsored basis is growing more slowly than expected but firms are realising a specialist approach might be the key to success.
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