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A new report sheds light on the scale of the biggest opportunity for some fund managers since the global financial crisis.
The crude oil storage sector has become a ‘hot commodity’ for some investors as banks cut their sector exposure and traders point to a shortage of storage.
The need to support smaller businesses has increased hugely in the wake of the pandemic. Claire Madden of Connection Capital examines the options, including for mezzanine finance.
Long dealt a bad hand in documentation, investors may have assumed that the global pandemic would make borrowers less demanding. Their raised hopes could well be dashed.
Fundraising will also be buoyed by distress-focused vehicles, according to a survey from Intertrust.
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.
January and February activity helped transaction numbers hold up in Q1, but the coronavirus pandemic is expected to limit dealflow in Q2.
The non-performing loan tinder box has been ‘set alight again’, according to Adrian Cloake of LCM Partners.
The pressures of covid-19 have turned lending into a stressed opportunity for fund managers keen to dictate realistic terms with borrowers.
The outbreak of the virus is the trigger for the pain likely to be suffered by many lenders and investors. But Gregory Racz of MGG Investment Group says the roots of this pain were to be found in poor deal structuring.

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