John Bakie
The past year has seen a major transformation of the private debt industry, shaped as much by world events as it has been by firms.
The UK government wants to beef up its pensions sector to compete with the biggest players from the US and Australia.
The fund will continue the firm’s specialist focus on lending to B2B services and software companies.
Limited partners are playing it safe as the most secure part of the capital structure claims a greater share of fundraising.
Gillam joins the firm from Goldman Sachs and will be responsible for growing its capabilities in senior direct lending.
Transaction volumes reach their highest level in Europe despite terms becoming more conservative.
A new partnership between the two firms will enable Monroe to expand its activities and see Wendel commit $1bn to its funds.
The fund will offer access to an initial group of seven private debt funds through an evergreen structure with quarterly liquidity.
Fundraising bounced back in Q3 with average fund size continuing to increase, according to the latest PDI Fundraising Report.
Amid challenging market conditions, smaller businesses have put growth plans on hold. But as things begin to stabilise, capital providers are confident of seeing increased demand.