Claire Coe Smith
Sector focus is changing as lenders reassess the mid-market.
Lenders are keen to diversify away from cashflow-based lending into more esoteric areas.
LPs are attracted by the strong performance of established players.
Impact funds are winning favour in Europe among LPs looking for differentiated strategies.
NAV loans are an increasingly popular tool for accessing liquidity.
Demand for private credit is growing in Asia and offers attractive risk-adjusted returns.
Investors in search of liquidity are driving the secondaries market.
Standing out from the crowd requires a solid understanding of what sponsors are looking for.
M&A activity looks set to finally rebound in 2024, with lenders reporting a strong start to the year.
Junior debt is helping to bridge pricing gaps and refinance stretched capital structures.