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Twin Brook’s Williams not in key-man clause for Fund III – exclusive

The firm co-founder is on indefinite leave from the firm and has since invested in a car wash business.

Asia top region for covenant strength

North America has seen covenants significantly weaken as credit supply expands.

How to hedge risk with the French fiducie

A cheaper alternative to the Credit Default Swap, the fiducie is expected to play a bigger role as the use of French law increases post-Brexit. Benjamin Raillard of Solutions Fiducie explains its applications.

Investor fightback over loose terms

The vast majority of Europe’s syndicated loan deals are seeing investors forcing documentary and pricing changes, with a marked increase over last year.

Why lawyers are urging lenders to get aggressive

With documentation strongly in favour of borrowers, financiers are being told to look for excuses to redress the balance of power.

Directing the way

As more limited partners get into the business of deploying capital directly, it’s important to make sure it’s a win-win for both GPs and LPs, Andrew Hedlund writes

WATCH: “There’ll be a lot of demergers”

Over the last few years, the M&A market has been characterised by companies hunting for acquisitions. That may be about to change. We spoke with four senior executives – Michael Romanek of Rise Partners, Jon Herbert of Beechbrook Capital, Garrett Ryan of TwinBrook Capital Partners and William Fitzpatrick of Raymond James Financial International – about […]

Ares becomes first listed alternatives manager to convert to a C-corporation

The firm has also set a new dividend policy with the potential for special dividends when performance fee income is particularly elevated.

Can you rely on a termsheet?

Lenders may be left compromised when a deal termsheet does not make clear how much control sponsors have over the transfer of payments.

NXT Capital locks down largest fundraise yet

Senior Loan Fund V is levered with a credit facility provided by Wells Fargo Bank.

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