April 2015 Issue

    Month: April
    Year: 2015

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    Capital Talk: Benefit Street

    With a solid foundation in place, Benefit Street Partners is expanding into new strategies. Anastasia Donde caught up with the team on why non-sponsored deals are better and hiring in private debt is so hard.

    Termsheet: Project Hospital: seeking value for money

    By bringing together institutional investors with a public authority, Macquarie Capital completed a competitive financing process which delivers vital infrastructure - a new children’s hospital in Edinburgh. Anna Devine speaks to industry deal makers to find out more.

    Global endeavours

    European credit firms that have established solid footing in the US have largely done so via acquisitions and noteworthy local hires. Several of them are now working on so-called global products, Anastasia Donde finds.

    Mid-market lender protections on the loose

    High leverage, few covenants: the European leveraged loan market is beginning to resemble 2007 and hitherto unseen, covenant-lite or -loose loans, are also creeping into the mid-market. Anna Devine reports.

    Serone lines up to capitalise on Europe’s CLO revival

    A forensic investment approach and a market ripe with opportunities have left Serone Capital in an ideal position to exploit the growth in European securitisation. Claire Coe Smith sat down with the firm’s CEO, Neil Servis, and other senior team members.

    UK Roundtable: Of value and valuation, risk and return

    Three fund managers, a banker and a lawyer: our UK roundtable discussion couldn’t help but be engaging. Rachel McGovern sat down with five experts to discuss opportunities and pitfalls in the private debt market – in Britain and also continental Europe.