With bank appetites having been curtailed, new investors of all stripes are flocking to this recession-resistant segment of the market, say Hadley Peer Marshall and Ian Simes of Brookfield Infrastructure.
Opportunistic credit pursues ‘off-the-run’ assets and complex funding transactions to stay active and invested in both good and bad environments. Aaron Peck and Kyle Asher of Monroe Capital explore the strategy.
Institutional investors are still in the discovery phase, but all the signs point to growth in both fundraising and deployment, say Campbell Lutyens head of private debt advisory group Richard von Gusovius and private debt specialist Jeffrey Griffiths.
Divergences in risk retention and loan market size can mean making heads and tails of CLOs on both sides of the Atlantic is tough. Andrew Bellis, managing director in Partners Group’s Americas private debt division, compares the two markets.