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An unusual occurrence in the $800bn market for collateralised loan obligations is stirring concerns about the health of the broader credit markets.
Four from our 2019 roster of the young and successful leaders in private debt share how they've been impacted by the pandemic, what it could mean for the asset class and what those outside the industry should know about it.
The vehicle, which will invest in both public and private deals, is 75% larger than its initial target.
Companies are being supported by government loans, but at what cost in the long run? Jacco Brouwer of Duff & Phelps looks at how lenders and borrowers are responding to the crisis.
The pandemic has put loan terms and documents in the limelight as markets keep an eye on how lenders manage their portfolios during the crisis.
The new generation of dislocation funds now have a multi-billion-dollar example, with $2.8bn raised for a vehicle and more than $1.1bn for separate accounts.
If today’s crisis were a repeat of the GFC, lenders could use those references to guide their approach, but covid-19 has brought the world into uncharted territory.
More than half of the participants in Accord Fund III B are new to the strategy.
As the impact of coronavirus starts to be felt by businesses and lenders, there could be a wealth of opportunities for those looking to buy NPLs.
While the eyes of many are on loan documentation, Nicole Downer of MV Credit says the focus should be elsewhere, including fostering solid relationships with sponsors.

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