PDI Staff Writer
Fund managers attempting to penetrate the Mittelstand need to target asset-heavy businesses to compensate for weaker credit metrics. Daniel Heine of Patrimonium explores the landscape.
With low defaults, tough lending criteria and a diversified portfolio, lending to smaller businesses can prove itself resilient to changes in the cycle, maintains Stéphane Blanchoz of BNP Paribas Asset Management
The BDC is seeking approval from shareholders to change its debt-to-equity ratio from 2:1 to 1:1.
As the PDI 50 reveals, competition at the top has never been tougher. Graeme Delaney-Smith of Alcentra,offers insight into the current state of Europe’s deal market.
The fund is already nearly halfway deployed, with $750m of capital invested at the time of the final close.
As firms begin to adopt more technology in their investment processes, a lack of integration could hinder LPs rather than help. Rebecca Szkutak reports
This is the firm’s fourth hire for the healthcare team in the last two months, while it also recently opened an office in Chicago to assist with the strategy.
The vehicle easily surpassed its $800m target and $1bn hard-cap and will focus on loans to the North American mid-market.
The firm has hired a Blackstone GSO alumnus to head growth of the branch, with which it hopes to expand its debt offerings.
Hayfin’s Andrew McCullagh says debt investors won’t be able to grow their deal flow unless they invest.