PDI Staff Writer
Notes of calm at our PERE Europe event; views diverge on private credit returns; and DWS moves into capital solutions.
Sponsor support for troubled companies can no longer be taken for granted, says Fitch; tokenisation arrives in the infrastructure private funds market; and a rebranded Tiptree is formed.
Investors' appetite for alternative energy dips a little amid political concerns; Golub finds resilience in the US mid-market; and Blue Owl launches a real estate financing platform.
Fitch puts spotlight on struggling annual recurring revenue loans; KKR identifies a syndicated market fightback versus direct lending; and why geopolitics should be viewed through more of a long-term lens.
Loan Note: Cliffwater index shows positive returns outcome; AGL, Barclays launch new credit platform
2023 returns for US mid-market corporate loans beating long-term averages; ADIA-backed credit platform launches; and survey finds growing concern over regulatory fines.
New European private credit index reveals plenty of positives; Fitch points to uptick in both deal activity and defaults; and Oaktree says opportunistic deals are set to flourish.
Whether it’s corporate credit, asset-based loans or real estate debt, opportunistic investing requires flexibility to identify the best rewards, say Sculptor Capital Management’s Brett Klein and Udai Bishnoi.
Collateralised loan obligations are back in favour in financial restructurings, helped by their dominance in leveraged credits and greater flexibility in documentation, say Nick Charlwood, John Goldfinch and Tim Watson, partners at Allen & Overy.
There are opportune markets available for experienced local lenders, say Arrow Global’s Toni McDermott and Richard Roberts.
Inside: A special report on private debt in Asia-Pacific; Emerging opportunities and challenges of investing in China; Plus expert comment and analysis from Huatai International and LGIM Real Assets