Deal activity has slowed and firms are focused on preserving value in their portfolios. It’s time to double down on the right framework and repeatable processes, according to Marc Preiser and Mikko Iso-Kulmala at Fidelity International.
Some of private debt’s safer but lower-returning strategies may face stronger competition as interest rates rise, making opportunistic approaches more compelling. Andy Thomson canvasses the views of investors as the asset class contemplates the challenges of a new year.
As economic conditions become tougher, deal documentation is once again a hot topic. Borrowers are reluctant to cede too much, but lenders are reining back some of their flexibility to pile up more debt. Andy Thomson reports