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USA and China trade war

Corporate debt levels could make trade war recession worse – report

Growing levels of corporate debt, particularly leveraged loans, may leave firms vulnerable in the next economic downturn.

Debt funds pass banks in German LBO financing

In 2012, debt finance for the German leveraged buyout market was completely bank dominated. Seven years on, debt funds have attained a majority market share.
stacks of money

PennantPark expands offerings to cater to investors

The mid-market investment manager has launched four new products across its senior debt and opportunistic credit strategies.

KKR posts 5% LTM gross returns in alternative credit during Q2

The alternatives giant is in market with its latest direct lending vehicle focused on Europe, where executives said the firm has seen increased investor interest due to negative-yielding debt.

Adamas to target $500m for new private debt fund – exclusive

The asset manager’s fourth fund will continue the firm’s strategy of lending to mid-market companies across the Asia-Pacific region.

Alcentra closes European direct lending fund on €5.5bn

The fund is the latest mega-vehicle to close this year and will focus on sponsored opportunities in the European mid-market.
Flag of Ireland

Beechbrook secures €35m for Irish SME fund

The firm’s first Irish fund will operate out of Cork and Dublin to back high-growth companies in the country’s regions.
Buckets

ACERA creates a dedicated private credit bucket

The pension fund plans to allocate 4% of its portfolio ($490m) to the strategy by 2023.
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.
Purse filled with euros

Certior advances fundraising to €100m

The Finnish fund of funds manager’s second vehicle is now larger than its first and has a final target of up to €300m.
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