John Bakie
Bonds in the collapsed UK outsourcing company are being snapped up by debt investors but may still struggle to see a return.
A former RBS and UK Government Investments executive is to join Beechbrook Capital to manage its growing portfolio.
Sponsored deals are still the dominant form of mid-market private debt fund lending, but non-sponsored growth is matching the general trend.
Perhaps in anticipation of improving performance, LPs have private debt top of their priority lists.
Despite its growing popularity, private debt is seen as being behind in the returns race.
While private debt investment in the Western world soars, it has a lot of catching up to do in the developing markets.
Investcorp has made its first major credit hire since acquiring 3i’s credit business last year.
An ex Blackstone director is among new senior private debt hires at LGIM’s Real Assets division.
While some sectors dominate European deals, there are major differences between the UK and continental countries.
The European debt investor hopes this high-profile hire will fuel its growth in North America.