Rachel McGovern
The UK still doesn’t have a competitive lending market. The government must do more to provide a level playing field for banks and alternative lenders.
The US firm plans to securitise and sell on its loan investment with the UK online business lender.
.jpg "Enhanced Capital guaranteed loan fund reaches final close")
The New York-based firm has raised $105 million from LPs for its guaranteed loan strategy.
.jpg "UK government backs non-bank debt with tax relief")
The autumn statement from Chancellor George Osborne included a commitment to support alternative lenders and extensions of SME finance programmes.
.jpg "Proventus Capital Partners third fund reaches €1.3bn")
The Swedish alternative lender broadened its investor base attracting LPs from outside its home region.
Debt is not typically a laughing matter. But in business, as with most things, it’s important to retain your sense of humour. At PDI’s London Roundtable, the discussion dug through covenant-lite structures, how different areas of the debt markets influence each other, and whether real estate or leveraged finance plays the canary in the coal-mine role. We also talked about the strong economic headwinds facing Europe and how those will affect alternative lenders. All very serious stuff, but despite it all, our group of managers also found reasons to be cheerful, as Rachel McGovern found.
A slew of potentially crippling regulation over the last few years has not slowed a buoyant CLO market on both sides of the Atlantic, finds Rachel McGovern.
Each month, as part of our comprehensive coverage of the global private debt markets, we talk exclusively to one of the industry's leading luminaries.
The investment vehicle is structured to meet European regulatory requirements.
The US-based BDC is raising long-term debt for refinancing.