Third Eye Capital co-founder David Alexander is a veteran of non-bank lending, but also served as a trustee at a large pension fund. Here he offers some words of advice to investors interested in the asset class.
In 2010, Harden Healthcare was struggling under an unwieldy capital structure. By 2013, the company’s position had improved to such an extent Gentiva acquired it for $400m. PDI explores how KKR’s special situations team contributed to Harden’s growth.
A year on from Private Debt Investor’s inaugural European roundtable (‘Brave New World’), we pulled together five of the private debt industry’s leading figures to debate the merits of the asset class, the challenges it faces, and its progress over the last 12 months.
In 1998, Simon Pilcher’s fixed income group at M&G became the first non-bank investor in the European loan market. 15 years later Europe’s direct lending business is still nascent but M&G is bullish about its future.
This month, PDI’s Asian columnist looks further afield to Australia, where he argues the recent fight for control of Billabong demonstrates the country has woken up to the attractions of distressed debt.