News & Analysis

PDI 50: the cost of consolidation

The drift of capital towards a small cohort of mega-funds remains a theme for private debt, but at what price?

The shifting sands of the BDC market

The march into CLOs and action against the AFFE rule are developments that Andrew Hedlund believes will change the shape of the BDC market in 2019.

Golub BDC to vote on potential leverage change in February

The BDC is seeking approval from shareholders to change its debt-to-equity ratio from 2:1 to 1:1.

ADM Capital garners $178m for Asia lending fund II

The firm’s investor base includes the IFC and Overseas Private Investment Corporation.

How to negotiate good terms in the lower mid-market

It’s still possible to negotiate decent terms in the lower mid-market, but does that compensate for country and political risks? David Turner seeks to find out

Crescent closes second direct lending fund on more than $1.6bn

The fund is already nearly halfway deployed, with $750m of capital invested at the time of the final close.

What trade war?

Two major policy changes in Washington – the tax reform bill and tariffs on Chinese imports – have been talking points for US private equity this year but are not yet affecting portfolios. By Isobel Markham

Why Korea is fertile ground for those seeking new LPs

Winning trust is not easy, but the country’s investors are being won round to private debt by those GPs willing to do the spadework.

Why systems need a reboot

As firms begin to adopt more technology in their investment processes, a lack of integration could hinder LPs rather than help. Rebecca Szkutak reports

Korea Post: ‘Encourage GPs to open Korea office’

Having a local presence greatly influences the investment decisions of Korean institutional investors, delegates heard at the PERE Investor Forum Seoul 2018.

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