July / August 2016 Issue

GSO’s €625m unitranche package to finance the merger between plastics firms Polynt and Reichhold was a record for the European private debt market.

Few in the private debt industry wanted to see Britain vote to leave the European Union. But, amid the confusion and uncertainty, there are still reasons for optimism.

Olivier Berment, head of Ardian Private Debt based in London, discusses the challenges Brexit poses and the trend of increasing unitranche loan packages in the European market.

Antares Capital details how a quarter of a century of mid-market lending experience and almost a decade of unitranche financings have created long-term relationships and private credit expertise, making it a perennial number one in the sponsor league tables.

Europe may not be in recession, but there’s a huge opportunity in distressed credit right now, says Alcentra chairman & CEO David Forbes-Nixon. Here’s why

When it comes to taking debt positions in a distressed company and eventually owning the business, is it the oil and gas industry’s time in the limelight?

With the banks shedding assets, the likes of Park Square Capital are stepping up as long-term debt holders. Andy Thomson meets Robin Doumar to find out how the firm will put its new €1.2bn fund to work.

ESO Capital explains how private debt can offer close alignment between management and capital in selected areas of real estate

Real estate debt funds may be a relative newcomer to the financing landscape, but terms, conditions and structures are becoming more standardised. By Vicky Meek.

Debt funds are wading into parts of the real estate financing market vacated by the banks. David Turner finds out how the market is evolving.

Driven by low interest rates, low bond yields, an aging population and growing demand for real estate finance, Australia’s private debt market is slowly becoming an asset class worth considering for the country’s investors. Paul Yandall reports.

TPG Specialty Lending's deal with Sports Authority highlights the opportunity for astute distressed players.

From modest beginnings seven years ago, funds are now a major feature of the real estate lending landscape.

Tom Newberry, head of private credit at CVC tells David Brooke that he has found good opportunities to invest in the European direct lending market amid macroeconomic volatility.

As market sentiment keeps changing, so do views on whether it’s a good time to bet on distress. One way to play is to manage flexible strategies that can tactically allocate between regions or different types of credit.  

Insolvency in India can be long and frustrating. PDI explores how much of an impact new bankruptcy laws are likely to have