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With pricing pressure growing, managers may be forced to chase deals that increase the risk profile of their portfolios… or not. PDI hears two sides of the debate.
Funds engaging in sponsorless lending often point to more legwork as a way of justifying higher fees for a higher-risk product. However, the situation is not always straightforward.
Private debt could be a useful tool in helping UK universities meet their investment goals. But, in contrast to their US counterparts, they have been slow to move into the sector.
.jpg "Maven appointed to UK Midlands debt fund")
The asset manager will be overseeing £90m worth of assets for the Midlands Engine Investment Fund spread across two separate entities.
The firm is seeing fewer second-lien opportunities and more latitude to provide PIK loans and preferred equity financing.
Recent fundraising data shows private debt funds with a broad global mandate are gradually losing popularity to offerings focusing on single regions or individual countries. We explore the reasons.
Most British universities’ endowment funds have been slow to form private debt allocations, in contrast to their North American counterparts.
Former French prime minister François Fillon is joining the firm and it’s not the only recent example of a prominent politician joining a private debt shop.
The Ireland-based firm, a spin-out from BlueBay Asset Management, is planning on launching a product in early 2018.
With pricing pressure hitting direct lending funds, investors may become more likely to consider multi-strategy debt funds. But can direct lending fit into such offerings?