July / August 2015 Issue

Permanent capital is on the rise. But when combined with a public listing, the underlying mismatch cannot be ignored, finds Rachel McGovern.

Credit funds and mezzanine houses raising direct lending funds must be careful that their own investment strategies do not dictate how the direct lending fund invests its money, finds Josie Shillito.

Due diligence and a strong credit culture are what Integrated Asset Management will rely on for its new senior infrastructure debt strategy.

The last couple of years have given ICG the opportunity to demonstrate that it has the ability to execute on its ambitions. But it’s not all about the US and Europe - the firm’s Asia-Pacific business has ambitions of its own.

With new regulation comes uncertainty, especially when the rules are applied in different ways across 28 member states. Owen Lysak, a senior associate at law firm Clifford Chance, examines the impact of AIFMD on fund marketing by managers.

As the GE Capital sell-off rolls on, the news continues to surprise. One particularly interesting wild card among the sale of GE Antares to CPPIB is the fate of its SSLP partnership with Ares. Anastasia Donde reports.

German interest in private debt is high but there are still challenges, not least the negative impression created by the label ‘shadow banking’. Anna Devine reports from PDI’s first event in Germany.

CIFC’s Julian Weldon is busy with CLO risk retention, Europe, mid-market loans and distressed opportunities.

CLO managers are searching for ways to allow third parties to help finance risk retention. Anna Devine reports.