Home Terms & conditions

terms & conditions

There are bargains to be had in private debt

Fees charged by managers have been falling steadily, but LPs hoping to strike even tougher deals may be in luck.

The borrower’s market revealed

Loan terms and covenants have weakened during 2018, making it a good time to borrow.

5 takeaways for LPs from AIMA’s 2018 private credit study

The survey takes a deep dive into the profile of private debt investors, the fees they pay and the way GPs finance their funds.

Breaking up is hard to do

A hard Brexit and its effects on trade give US LPs one more headache to worry about as their own country picks a trade fight with China. By Andrew Hedlund

When it comes to EBITDA, lender beware!

With concern increasing over various deal terms, Paul Johnson of EQT Credit warns of the growing trend of inflated earnings figures.

Margin protection dives as cov-lite remains dominant in Europe – report

Covenants continue to loosen in Q3 across several areas including margin protection and the way leverage is calculated for acquisitions.

WATCH: ‘Beware leverage deep in the structure’

Increased leverage deep in the capital structure will cause problems for those firms unable to fix problems, maintains GSO's Dwight Scott in this video shot at the PDI New York Forum.

WATCH: The asset class’s deepest concerns revealed

Leverage, pricing, yield and documentation were among the issues haunting delegates at our New York Forum, as discussed in this two-minute video.

There are challenges, but don’t assume they’re all about cov-lite

Those thinking that covenant-lite is the root of all evil may need to reassess where the biggest potential problems really lie. Francois Decoeur of MV Credit examines the deal landscape.

North America’s credit market gets real

The US offers stable loan underwriting standards and an opportunity for debt funds to take back market share from banks, which have lent more in recent quarters. By Andrew Hedlund

Copyright PEI Media

Not for publication, email or dissemination