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DISTRESSED DEBT & SPECIAL SITUATIONS
SPOTLIGHT: LIMITED PARTNERS
SAID AND DONE
“The credit underwriting fits within the private equity timetable, and what you’ve seen is an acceleration of the underwriting. You can’t compromise the diligence you do, but you can put more resources behind the diligence over the shorter period.”
Anonymous mid-market lender on shorter timeframes for due diligence
NUMBER OF THE WEEK
Burgiss data found that, on average, senior debt funds generated strong double-digit returns at the 10-year mark. They garnered a pooled 10-year internal return rate of 13.32 percent, net of fees, compared with the five-year average of 6.29 percent.