Increasingly borrower-friendly terms are a result of high liquidity and competition among private debt funds. But are players taking on risker propositions? Proskauer partners Alex Griffith and Faisal Ramzan share insight.
In recent years, fundraising has piled into the larger private debt funds – creating an elite of capital gathering powerhouses. Catalin Voloseniuc of SEE Credit Partners says its time to consider other options.
Heavily invested legacy vintages might suffer more than funds in market, with the jury still out on whether this crisis will be sharp and short like the GFC, or sharp and longer-lasting running through various cycles.