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With incumbent firms distracted by portfolio issues, technology platforms and start-ups may force their way into the market.
fundraising
Private Debt Partners, the newly established private debt manager, is targeting $750m in its fundraising.
The chickens will come home to roost for larger loans, according to Antonella Napolitano of Deerpath Capital, as evidence of loose investment discipline begins to surface
pile of rolled dollar note bundles
The vehicle will follow its predecessor’s strategy of lending to mid-market US companies across a range of sectors.
Collateralised loan obligation losses could hit $100bn in the next two years, one firm predicts.
fundraising
The latest of its direct lending fund series, launched late last year, aims at an increasing opportunity in the small and mid-sized end of the market in Asia-Pacific.
What liquidity options do firms have as they seek to navigate their way through the covid-19 crisis? Patrick Schoennagel of Houlihan Lokey investigates.
Returns are coming under pressure in the direct lending market, but the lack of other options means it will remain popular for the foreseeable future. Andrew Hedlund reports
First Eagle Alternative Credit has wrapped up its first fund since being formed from First Eagle Investment Management’s acquisition of THL Credit last month.
More covenant headroom, slimmer credit spreads and a mountain of capital: that’s how many industry practitioners are assessing current market conditions – not just for the upper mid-market or the broadly syndicated market, but all segments of alternative credit. But direct lending is still king among private debt strategies. Investors continue to embrace the strategy, […]
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