The benign credit cycle should be coming to an end and distressed fundraising on the up. But abnormal circumstances mean there is little evidence of either.
Firms in the non-performing loan space don’t always have to take ownership of the assets they’re exposing themselves to.
Changing economics means fees and carry are coming under pressure.
With challenges facing many asset classes, stability and income generation are among the factors why commercial real estate debt is generating interest. Jack Gay of TH Real Estate explores the sector in depth.
The firm recently provided financing for two significant property developments in London. Here, director Matteo Milan explains what makes a good financing deal.
Oaktree Capital Management may be taking a risk launching its debut senior debt fund into a competitive marketplace, but its private sponsor clients have been clamouring for the firm to invest at the top of the capital structure.
Four sectors are put under the microscope to assess the market in volatile times
The Policemen’s Annuity and Benefit Fund of Chicago is being pushed towards private debt, says Aoifinn Devitt, its chief investment officer.
Despite regulators' efforts, there is a long way to go before structured credit shakes off its stigma.
The private equity advisory firm models out the use of subscription credit lines, which can boost IRRs and dampen money multiples.
Amid growing competition, the ability of debt funds to manage foreign exchange risks has assumed greater importance.
Jeff Johnston and Mike Mascia of the Fund Finance Association explain why subscription-line facilities are on the rise.
Unitranche deals have grown rapidly in Europe and some are now hitting the €1bn mark, says the London-based firm's partner and head of mid-market direct lending.