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Legal books

Designated lawyers could leave lenders in the lurch

Lawyers offer vital protection to debt funds, ensuring their documentation provides funds, and ultimately investors, with covenants and terms they can rely on. But the practice of equity sponsors designating lender counsel could be leaving creditors in the lurch.

The need for speed leads firms to throw more resources behind due diligence

With huge amounts of capital competing for high quality assets, due diligence processes are under pressure.
Difficult road

Why non-sponsored finance is hard to do

Lending on a non-sponsored basis is growing more slowly than expected but firms are realising a specialist approach might be the key to success.
Daniel Zwirn

Private credit’s role in the next financial crash

Arena Investors’ Daniel Zwirn believes direct lending, leveraged loans and CLOs could be partly responsible for the next financial crash, whenever it comes.

Private credit’s green new deal

ESG hasn't always been private debt's strong point, but many in the industry are working hard to address this.

Revised AIFMD to ease restrictions on pre-marketing in the EU

New directive will liberalise regulations for managers during the earliest stages of fundraising.

Savvy investors are looking to make a difference

Private equity firms are meeting increased demand for impact strategies from institutional investors, but are we seeing the same trend in private debt?
Recording studio microphone

PODCAST: What’s in your fund fee documents?

Private credit might be the new kid on the block in the alternative asset world, but the asset class’s fees have still evolved independently of private equity.

Ares closes on more than $1bn for latest distressed fund

The vehicle, which is targeting $2bn, received a $70m commitment from the Pennsylvania State Employees’ Retirement System.

Cheyne scales back fund to close on €1bn

The firm’s European Strategic Value Credit Fund, targeting stressed mid-market debt, was 40% oversubscribed.
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