Guest Writer
Highly diversified and resilient, the European collateralised loan obligation market is attracting increasing attention, say Permira Credit’s Ariadna Stefanescu and Jihan Saeed.
Businesses borrowing to cover losses while neglecting vital areas of investment have created a rich playing field for certain types of investor. David Conrod of FocusPoint Private Capital Group explains why.
The additional costs of complying with sustainability targets could result in many more ‘stranded assets’. Rachel Richardson of Macfarlanes explores an issue of prime importance to private debt funds.
As vaccination programmes began to make an impact on covid, confidence returned to the deal market. However, economic challenges and the ending of liquidity schemes mean predicting the future is not easy, write Jacco Brouwer and Greg Forde of Duff & Phelps.
The evidence shows that the asset class weathered last year’s covid-19 pandemic storm well, writes Bill Sacher of Adams Street Partners.
Potential growth in the sector is hard to predict and will be driven by the ability of participants to keep devising new solutions, writes Daniel Roddick of Ely Place Partners.
Credit ratings are a vital tool for corporate debt borrowers and issuers. They should not get mixed up with non-rating opinions, writes Joshua Thompson, a partner in law firm Sidley’s global finance practice.
A unique set of circumstances has arisen for those willing to take risks that the banks are not, write Aymen Mahmoud and Felicia Gerber Perlman of McDermott Will & Emery.
Secure Trust Bank's Richard Foote discusses why ABL unitranche may be the solution borrowers and credit funds need following the pandemic and why the sector has to come together to facilitate long-term change.
Investing in the debt of a company with a view to converting it to equity is a complex strategy that can be thwarted in numerous ways. Leonard Klingbaum and Milap Patel of Ropes & Gray explain why it is nonetheless gaining in popularity.