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.
Investing in healthcare companies using structured debt can provide broader downside protection than royalty financing, posits Sam Chawla, portfolio manager of the Perceptive Credit Opportunities strategy at Perceptive Advisors.
With the deal market for private equity-backed companies red hot, alternative lenders should maintain their discipline and work with those sponsors backing the portfolio companies, Twin Brook Capital Partners partner Grant Haggard said.
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.