Rachel McGovern
It’s results season and the third quarter was hard on many listed US alternatives managers. However, there’s a private credit silver lining.
The Toronto-based lender broke through the target for its fifth senior debt fund.
The bidding war for TICC rumbles on as TPG increases its bid following the offer of a temporary fee cut and legal delays to the shareholder meeting.
The dynamic between falling leveraged loan volumes and reduced CLO issuance is more complex than the simple correlation would suggest, writes Rachel McGovern
Cerberus is attempting to stay above the fray as the controversy over alleged misdirected fees related to the sale of £4.5bn in Irish bad loans deepens. Rachel McGovern reports
If even a tiny percentage of fixed-income investment switched into private credit, the impact on the market would be huge. Rachel McGovern examines one fund that has taken the plunge
Lawyers working on fund formation are having a busy 12 months compared with 2014 as fundraising for private debt strategies looks set to reach a new high.
Panellists and delegates at PDI’s Capital Structure Forum in London this week agreed that covenant-lite deals have no place in mid-market lending. Why, then, are cov-loose agreements on the rise?
The Paris-based lender has made its first US dollar-denominated loan to support Sun Capital’s buyout of automotive part supplier Flexitech.
Feuer Powertrain agrees mezzanine facility with French private lender.