March 2016 Issue

India’s entrepreneurs are sitting on one of the world’s most enticing markets, and if the banks won’t lend to them then the private debt market is ready to pounce, writes Siddarth Poddar

With its mandate to seek the best global relative value, Partners Group takes a wide-angle view of credit markets. Rachel McGovern and Anastasia Donde ask what this shows the Swiss-based firm and what investors think of the combined LP/GP credit platform

While it might not be true love, asset managers and banks are increasingly finding new ways to live and work together, finds David Turner

Just when oil prices couldn’t seem to fall any further they began to drop again. But, amid the pain, patience and prudence could pay off for investors and producers, writes Gregory DL Morris

Strong institutional capabilities benefit the firm as it aspires to provide investors access to the Indian growth story through private debt  

Managing partner and chief investment officer Edwin Wong sat down with Christie Ou to discuss SSG Capital Management’s new performing secured lending strategy, its latest $950 million special situations fund and which side of the business offers the richest opportunity for investors.

Investors’ fixed income allocations dwarf their alternatives buckets and infra debt is now firmly in their sights as fixed income diversification becomes a long-term trend, writes Infrastructure Investor editor Bruno Alves 

Alain Smith from RBS looks at how direct lending funds are working with banks on FX hedging strategies and execution to manage risk and lock in returns

The private debt industry is becoming increasingly competitive, as we saw in PDI’s annual awards.

Pemberton edged out Neuberger Berman for one of the most hotly contested races this year.

Golub Capital proved it was ahead of the pack with a strong year fundraising, originating new deal and hiring some of the industry's best talent.

SSG enjoyed a stellar year picking up four awards.

ICG showed it was a 'tier one' player with a string of wins.

Tumultuous markets capped off an otherwise lucrative year for North America’s debt managers and the headwinds are continuing into 2016.

It was a record year for European private debt funds with more (and bigger) deals than ever before.

Private debt funds saw growing numbers of distressed debt opportunities in 2015 and could play a bigger role in clearing non-performing loans in the year ahead.

The growth of real estate debt funds appeared to be slowing in 2015, but then the macro-economic headwinds began blowing in the right direction.

Unitranche loans are continuing to evolve with the wider private debt market as they make their presence felt on both sides of the Atlantic.

Unitranche loans are continuing to evolve with the wider private debt market as they make their presence felt on both sides of the Atlantic.

Some of the more memorable remarks from 2015.

A new securitisation regime for Europe is a step in the right direction, but leaves many unanswered questions.