April 2017 Issue

President Trump’s about-face on major carbon reduction efforts won’t affect fundamental energy trends.

One of the largest private debt deals to-date was refinanced in April by two Wall Street banks. Nick Jardine looks at the deal in more depth

RMBS, especially non-agency loans, were at the heart of the financial crisis. But investors remain interested in the strategy as a new regulatory approach appears on the horizon, writes Irwin Speizer

The future of institutional involvement in lending may be a combination of traditional and technology-led approaches. James Newsome of Arbour Partners explains why.

Having once trailed, a new study shows US mezzanine debt now out-performs high-yield bonds by more than 3%. Does patient capital pay more?

With more flexibility, lower yields and high leverage multiples, a report hails the most borrower-friendly period in the history of leveraged finance. By Andy Thomson.

The scale of opportunity for Chinese NPL deals appears vast, but there are hurdles in the way. Andy Thomson examines the findings of a report from PwC.

Appu Mundassery has worked at HIG Capital since 2009 and recently made head of the firm’s European direct lending team. He outlines to David Brooke some of the challenges within the European market and how HIG fits into the broader picture.

Gilles Marchesin tells Andy Thomson about the evolution of risk-sharing transactions and why a window of opportunity is open in 2017.

With borrowers wanting more flexibility and banks retrenching, lending against assets is a natural step for private debt firms, writes David Brooke. 

The FRR’s €600m tender is the latest vote of confidence in the growing French private debt market, David Brooke writes.

The traditional lenders still dominate, but private debt is making greater inroads into the German market. Nick Jardine reports

Investors still need convincing about CLOs as spreads tighten on both sides of the Atlantic. However, the equity portion of the products remains attractive, finds Nick Jardine

The largest alternative asset managers and business development companies cap off a topsy-turvy 2016. Andrew Hedlund and Justin Slaughter look at the key figures

The private debt industry could be forgiven for focusing on one set of reforms, but there are three changes that could boost BDCs.