As we near the end of the current cycle, the maturing private debt industry hits a crucial stage in its evolution. Cesar Estrada, State Street’s head of product management for private equity and real assets fund services, explains how fund services will play a part.
Today’s unique market dynamics will result in opportunities in a downturn for credit managers that prudently manage investors’ capital in boon times.
The healthcare sector has been attractive to mid-market lenders and PE sponsors for years. The way transactions are done keeps evolving, but the potential regulatory risk remains, says Twin Brook's Faraaz Kamran.
When a private credit manager is the lead arranger in a transaction, it gives the firm a level of control and compensation it would otherwise not receive, Garrett Ryan, a partner and head of capital markets at Twin Brook Capital Partners, says.
As the PDI 50 reveals, competition at the top has never been tougher. Graeme Delaney-Smith of Alcentra,offers insight into the current state of Europe’s deal market.
Developing an expertise can help a firm limit competition for dealflow and land a place on the private equity community’s lender speed dial, according to Twin Brook co-managing partner Trevor Clark.
Symon Drake-Brockman explains that, in the late stages of the credit cycle, a successful strategy in a maturing market may depend on an ability to invest across markets.
Has the European private debt market had it too good for too long? There are no signs of panic, but nerves are jangling as loose structuring, leverage, competition and political volatility compete to be the asset class’s chief bogeyman.
As the European market matures, managers must think outside the box to expand their horizons. Andrew Ritchie explains the risks and rewards of diversifying.
Market consolidations, technological innovation and evolving strategies are changing the way fund administrators work, explains Stephen McKenna, co-head of private debt and capital markets in EMEA, SANNE.