EDITOR'S PICKS

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DATA SNAPSHOT

DISTRESSED DEBT & SPECIAL SITUATIONS

OPINION

The legal advice that’s not wanted

Although unfavourable deal terms have been in the spotlight, they are not the only cause for resentment among lenders in today’s market.

Private debt’s Darwinism: Canadian investors show a path for managers to evolve

Managers should differentiate themselves by being flexible investment partners to their investors, as a Canadian bank’s research demonstrated this week.

Managers ‘should not have a free lottery ticket’

Four investors exchanged frank views about various aspects of private debt fees at a recent roundtable, with hurdle rates a lively discussion point.

EDITOR'S VIEW

DATABASE

INVESTOR IN FOCUS

SPOTLIGHT: ASIA-PACIFIC

LISTEN: 3 takeaways from the June magazine’s ‘EBITDA on steroids’ cover...

The level of EBTIDA addbacks is correlated to company size: the bigger the company, the more generous the adjustments. But lenders to smaller companies are still compromising on things they never thought they'd have to agree to only a couple years ago.

PDI LIVE

SAID AND DONE

“It had to be a prestigious affiliation from a party willing to pay a fair price to obtain a non-controlling interest in Oaktree that would remain freestanding and autonomous”

Howard Marks, founder of Oaktree, comments on his firm’s deal with Brookfield in the May issue of PDI

PERSON IN THE NEWS

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INVESTOR SPOTLIGHT

TERMSHEET

LARGEST FUND CLOSES OF Q1 2019

LONG READ

THOUGHT LEADERSHIP

PEOPLE

NUMBER OF THE WEEK

 $1trn

The size of the US leveraged loan market according to a new white paper from Swiss private markets firm Partners Group. The market roughly doubled in size between 2008 and 2018, but there has been similar growth in the corporate bond markets.

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