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Structural flexibility means a private credit manager is best placed to put a bespoke solution together, says Michael Curtis, head of private credit strategies at Fidelity International.
New opportunities are emerging as the asset class embraces innovative financing solutions, says Cécile Mayer-Lévi, head of private debt at Tikehau Capital.
The private debt market has changed beyond all recognition over the last decade, especially in Europe, say Ares Management’s Mitchell Goldstein and Blair Jacobson.
As complexity increases in the asset class, so do the demands of investors and regulators, placing new pressures on fund managers, say Alter Domus’s Greg Myers and AEA’s Andrew Kyung.
UK falls to second place in terms of debt transactions but the new market leader faces headwinds.
Margin ratchets have become a major talking point, but they should not be viewed as all important when it comes to encouraging borrower sustainability.
The new investors in Polestar’s vehicle, which focuses on backing innovative circular economy projects, have provided €87m.
The fund is targeting €750m and is the firm’s first vehicle dedicated to energy transition debt.
Private debt and ESG don’t have a long history together, but there are signs of much-needed progress being made.
Opportunities persist for those investors able to be flexible in a changing environment. Camille McLeod-Salmon, portfolio manager in leveraged finance at Fidelity International, runs the rule over current market dynamics.