Strategies examined: Senior debt

Investors are embracing senior debt as a supposedly non-risk debt exposure, but as competition grows, can lenders hold their discipline?

“I certainly think the senior side is what’s popular these days,” says Jeffrey Griffiths, principal in the London office of Campbell Lutyens, the private equity advisory firm and placement agent – encapsulating the sentiment of many market watchers.

He gives two reasons. One is dealflow. “That’s where most of the volume and supply is,” says Griffiths.

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