Legal books

Designated lawyers could leave lenders in the lurch

Lawyers offer vital protection to debt funds, ensuring their documentation provides funds, and ultimately investors, with covenants and terms they can rely on. But the practice of equity sponsors designating lender counsel could be leaving creditors in the lurch.

The need for speed leads firms to throw more resources behind due diligence

With huge amounts of capital competing for high quality assets, due diligence processes are under pressure.

Why non-sponsored finance is hard to do

Lending on a non-sponsored basis is growing more slowly than expected but firms are realising a specialist approach might be the key to success.
Daniel Zwirn

Private credit’s role in the next financial crash

Arena Investors’ Daniel Zwirn believes direct lending, leveraged loans and CLOs could be partly responsible for the next financial crash, whenever it comes.

Private credit’s green new deal

ESG hasn't always been private debt's strong point, but many in the industry are working hard to address this.

Revised AIFMD to ease restrictions on pre-marketing in the EU

New directive will liberalise regulations for managers during the earliest stages of fundraising.

Savvy investors are looking to make a difference

Private equity firms are meeting increased demand for impact strategies from institutional investors, but are we seeing the same trend in private debt?

La Banque Postale garners €365m at first close for ‘responsible infra’ fund

The fund, targeting €600m, is ‘taking advantage of new market dynamics and sector opportunities’, according to LBPAM.

CVC closes distressed fund above target at $1.42bn

Firm believes growing volatility in credit markets is likely to create more opportunities to acquire undervalued debt.
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