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Direct lending has enjoyed years of tailwinds – now it must confront the headwinds.
Our annual conference in New York (virtual of course) lifted the lid on how participants in the direct lending market are faring in a changed landscape.
The inaugural Senior Loan Fund doubled its initial target of $1.5bn, and will focus on sponsor-backed companies in the US and Canada.
raises
The firm now manages $40bn, of which $15bn is in private debt and liquid strategies.
raises
The credit manager is being supported by LP re-ups as it returns to fundraising mode despite challenging conditions amid the pandemic.
The fund manager is seeking to hold large loans and then wait for the syndication market to recover before selling them.
The fund manager is seeking to hold large loans and then wait for the syndication market to recover before selling them.
Metrics Credit Partners’ managing partner Andrew Lockhart tells PDI what direct lenders are doing now to minimise the covid-19 fallout in investment portfolios.
Balance sheet and asset diversification are the keys to operating successfully in any environment, according to Scott Bluestein of Hercules Capital.
With incumbent firms distracted by portfolio issues, technology platforms and start-ups may force their way into the market.
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