June 2016 Issue

UK real estate debt funds are increasingly finding opportunities outside of London, but in an uncertain economic environment there are challenges ahead. David Brooke reports.

A debt restructuring at a Canadian oil and gas company may contain clues for those seeking opportunity from the energy sector’s woes.

It was all about the next trade for Steve Clark, until he spotted a long-term opportunity to build a business at Omni Partners.

The spectre of a European-wide legal framework is haunting the private debt fund market. But what the proposed regulations will look like is far from clear.

For a strategy often declared ‘dead’, there are still plenty of mezzanine managers and funds in the market.

The networking frenzy at this year’s ACG InterGrowth saw some delegates boasting about deal volume while others were struggling.

Maturing online platforms are beginning to prove themselves in the debt markets as the SEC lets them tap investors that were formerly off-limits.

Private debt’s leading players reported mixed results in Q1.

Chinese debt offers a huge opportunity for investors – provided they can find the information needed to take advantage.

David Scudellari, senior vice-president and principal for PSP Investments' debt and credit investments, talks to PDI about the firm's status as a start-up embedded within a $115 billion pension fund.

KKR’s European head of private credit explains the expanded role of mezzanine financing in today’s marketplace.

Sponsorless transactions can be more lucrative than private equity-backed deals,  but the road to completing them is long and challenging.

Traditional banks account for the majority of lending to SMEs in the UK, but Keith Morgan wants to provide a greater choice for the lower and mid-market.

Floris Hovingh, who leads professional services firm Deloitte’s coverage of the alternative lender market, gives his thoughts on sponsorless finance.

A number of steps need to be taken before sponsorless finance can live up to its potential.

Sponsorless transactions can deliver a big premium, but finding and delivering them is no easy task, according to Ted Koenig of Monroe Capital.

Direct lending funds must play a major role to bolster the negative effects of bank disintermediation, says Daniel Heine of Patrimonium Asset Management.

The pool of private debt capital in the UK may have deepened considerably over the last few years, but much of it remains focused on sponsor-led transactions. As a result, there is an opportunity to provide bespoke financing solutions to high-growth SMEs that are not private equity-backed, according to Beechbrook Capital’s Paul Shea and Jon Herbert.