PDI Staff Writer
Federated Hermes highlights companies struggling with leverage and increased cost of debt; BlackRock endorses ELTIF 2.0; and it's time for your Rising Stars nominations.
Fitch finds sponsor support may only delay the inevitable when it comes to defaults; Oaktree foresees a refinancing struggle for some borrowers; and Spain's Qualitas plans to launch a new credit fund.
Violence in the US unlikely to spread to Europe; opportunities and challenges identified by AXA IM Alts; and private credit returns going strong.
Inside: All or nothing – inside Future Fund’s ‘total portfolio’ approach; How to access wealth capital; Real estate debt’s 50 biggest managers ranked; Plus much more…
Attractive return profiles and strong lender protections with limited loss rates are key benefits of ABSF, says David Ross, managing director and head of private credit at Northleaf Capital Partners.
Inside: From asset-based lending to trade finance – the new strategies attracting investors; How LPs are targeting speciality finance opportunities; Expert comment and analysis from industry leaders; Plus much more…
Monroe Capital’s Aaron Peck and Kyle Asher discuss why speciality finance is a good option for private credit exposure that can deliver exceptional, uncorrelated risk-adjusted returns.
Diverse opportunities and economic insulation characterise the speciality finance opportunity, say Magnetar’s David Snyderman and Erik Falk.
Given the diverse nature of the asset class, and the number of new asset-backed lending strategies coming to market, the importance of manager selection should not be underestimated, says Paul Burdell, co-founder and CEO at LCM Partners.
One attraction is that assets offer a diversification play relative to other fixed income exposures, says Goldman Sachs Asset Management’s Kevin Sterling.