February 2013 Issue


    Month: February
    Year: 2013

    Back to Print Editions

    The Last Word

    Cinven’s financing specialist Matthew Sabben-Clare talks about the challenges of financing large buyouts in today’s market.  

    Debt and the LP evolution

    Institutional investors are flocking to real estate debt strategies, but are separate accounts or funds the best way to access the opportunity?

    Eye of the storm

    Distressed debt funds have raised a lot of capital, but is the global recession yielding opportunities to match?

    Termsheet: Travelodge – Checking out

    An in-depth look at how Goldman Sachs and two US hedge funds won control of UK hotel operator Travelodge through a debt-for-equity swap.

    Comment: Investors who take a look at private debt will not be disappointed

    Mercer’s Sanjay Mistry explains why private debt is proving attractive to investors with an appetite for attractive risk-adjusted returns.

    Comment: An uncomfortable compromise between unfamiliar bedfellows

    Ian Borman of SJBerwin explains why unitranche debt providers are uneasy bedfellows with traditional lenders.

    News analysis: The year of infra debt

    With 2012 coming to an end, it looks likely that it will be remembered as the year infrastructure debt really took off.

    Capital Talk: Brave New World – Part III

    In Part III of this month's roundtable discussion, our six industry experts discuss the importance of relationships in this new world of private debt, and the role traditional lenders still have to play in the provision of debt financing.

    Capital Talk: Brave New World – Part II

    In Part II of our keynote roundtable, our experts discuss the structural changes in the debt markets, the regulatory initiatives that have precipitated that change, and consider where private debt allocations will fit into investors' portfolios.

    News analysis: Why Leon Black likes India

    Buying equity is not the easy way of making control investments in India, which might just be the most over-geared country in the world.

    Capital Talk: Brave New World

    Six industry experts discuss the changing face of debt: who’s stepping into the void created as banks retrench? Why should investors be excited about private debt funds? And do traditional lenders still have a role to play?

    News analysis: Europe awaits US influx

    With real estate financing in Europe still difficult to come by, one of the US’ biggest commercial real estate lenders is ramping up in the region, pointing the way for other banks.

    Editorial Comment

    After the Great Financial Crisis came the Great Deleveraging

    News Analysis: Starting from scratch

    Metric Capital Partners, a private debt fund launched by two former UBS bankers, has had a busy first 18 months.