October 2015 Issue
SMAs: A custom fit
More and more investors are pursuing separately managed accounts with big brand private debt managers. But while the flexibility they offer is welcome, these accounts require strong governance. Anna Devine reports
The last word: Worth it in the end
Mercer’s Sanjay Mistry and Tobias Ripka explain how private debt fits in an institutional portfolio and the benefits private debt exposure offers investors. Anna Devine reports.
Acis Group: Safe as houses
The credit crunch changed how UK housing associations financed themselves. Rachel McGovern profiles how one such borrower, Acis Group, finances itself and discovers that the alternative lending trend could be in reverse
Capital Talk: Breaking with the consensus
Proventus Capital Partners was an early adopter of private debt in Europe. The firm’s track record is seeing it win deals across both its home territory and the rest of Europe, Daniel Sachs tells Anna Devine
Sponsorless roundtable: The biggest opportunity of all
Lending to companies without a private equity sponsor bears some resemblance to skydiving – the vast open space is impressive but without a sponsor, are lenders forgetting their parachute? Rachel McGovern gathers a group of managers, investors and advisors to discuss the pros and cons of taking the leap
Sub-Saharan Africa: Rising risks, rising attraction
From taper tantrums to fluctuating commodity prices, growth in Africa faces a number of challenges. Rachel McGovern discusses the risks and opportunities with managers and investors still betting on a region many find intimidating
Dechert: Look before you leap – domicile decisions
Dechert’s global funds practice helps private debt managers establish funds in all of the major jurisdictions. Gus Black considers some of the factors influencing domicile choice
A fair day’s wage for a fair day’s work
Investors are willing to pay for performance, writes Britt Erica Tunick, but that doesn’t mean the push to align interests via fees is at an end
Babson Capital: Opportunity knocks
Terry Harris, head of portfolio management for Babson's Global Private Finance Group, explains how the global firm is finding value in directly originated private loans
US lenders team up
Joint ventures are proliferating among US lenders. Anastasia Donde explores why they are saying ‘I do’
Termsheet: Bigger fish
Ares Capital landed its largest deal ever with the help of old private equity friends and about 30 other lenders, writes Anastasia Donde