John Bakie
Dechert's Michael Wong reflects on how debt secondaries are maturing.
A growing body of data shows that H1 2021 was one of the strongest periods for private debt deal activity ever seen.
The US based firm reports strong interest from institutional investors to gain exposure to non-agency US mortgage loans.
The German market has seen a strong recovery from the pandemic with debt funds dominating the banks.
There is no uniform view on what should come next as the reference rate for loans, but decisions will need to be taken soon.
The investor's fifth special situations vehicle saw huge demand above its hard-cap.
Fundraising in H1 2021 is down on 2020 levels, showing the effect of the pandemic on fund managers.
Sources say the firm’s third credit fund, focused on investing in non-bank lenders, has held a first close.
ELFA and LMA have teamed up to provide a sustainability best practice guide for loan providers.
The vehicle has already committed most of its capital and the fund manager is planning to launch a follow up fund in the near future.