Fund Management

Covenants and leverage are much tighter in loans to sponsors across the region, according to head of APAC private credit Celia Yan.

In the first episode of our Decade of Private Debt podcast miniseries, Arougheti looks back at a decade of strategic growth in private credit, emphasising the importance of enduring relationships and the misunderstood, yet resilient nature of the market.

Leverage may be overestimated as a hidden danger within private debt, but the asset class creates its own issues due to a lack of data.

The UK-based lower mid-market lender has brought in Richard Smart from NatWest as it prepares to raise its largest domestic fund to date.

There’s a big opportunity cost to vintage timing and diversification, according to a new paper – posing a challenge to traditional thinking on the subject.

Global financial institutions differ in their assessment of systemic risk, says Alex Di Santo of Crestbridge.

Pressure on rents may persist, but a new dynamic will be positive for debt in the long term, says Forum Investment Group.

Investors in Asia-Pacific and the Middle East have not shown a great deal of support for the private debt asset class up to now. Some think that may be changing.

A focus on collateral allows asset-based lending to provide something of a safe haven in volatile times. Larry Klaff and Lisa Galeota of First Eagle Alternative Credit consider its merits.

S&P Global Ratings expects that the private credit market will continue to grow in 2024, although more slowly than in 2023.