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Deep Dive

digital revolution
Marketplace lenders have a wealth of information at their fingertips, giving them what they think is a vital advantage. But why do some investors still need convincing of their merits? By David Turner with additional reporting from Andrew Hedlund and Andy Thomson
John Graham CPPIB
The Canadian pension has scaled up its credit operations in North America and Europe and is turning to China and India. John Graham, global head of credit investments, explains the strategy to Andy Thomson. Additional reporting by John Bakie and Andrew Hedlund
Clock with no hands time timeless
Closed-ended vehicles put fundraising pressure on managers and commitment pressure on investors, which is why many are eschewing traditional approaches in favour of more flexible, longer-term strategies.
Toy cars
Benign market conditions in recent years have hurt distressed debt performance figures. Should investors ditch the strategy or are the right market conditions just around the corner?
Man large shadow spotlight
The EBITDA addback is one of the most worrying aspects of loan documentation. Market professionals detail how prevalent and potentially damaging it has become.
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