Andy Thomson
Volatility is rocking the globe, which means private debt’s safe and steady message should win fans among LPs.
The fund manager is now reaching out to international investors for the first time as it seeks €150m in total for direct lending in Spain.
Following the launch of its Novo fund five years ago, the asset manager has unveiled a successor to continue backing French mid-market companies.
While still below the long-term historical average, a new S&P report says speculative grade defaults may reach 2.5% in 2018.
The leveraged loan boom has been partly fuelled by the central bank-driven low interest rate environment. What happens when the tide turns?
Lorianne Burge, a consultant in the debt finance and structured finance team at London-based executive recruitment and search business Walker Hamill, says private debt, private equity and fintech firms are often going after the same talent.
After notably increasing their market share in 2017, the early signs indicate that non-bank lenders are making even bigger strides this year.
A groundbreaking study reveals the scale of private debt impact investing, as well as its low volatility, lack of write-offs and diversification possibilities.
Fund finance facilities have traditionally been linked to uncalled LP commitments, but the focus is increasingly now on underlying portfolio investments. Leon Stephenson of Reed Smith explains the trend
Darryl Murphy, head of infrastructure debt at Aviva Investors, highlights six key themes characterising the global infrastructure debt market.