Coronavirus

The country has been hit extremely hard by the pandemic, but those on the ground can see beyond current woes to a bright future for alternative lenders, says Claire Coe Smith

A new reporting guide will divide the companies that are keen to impress with their transparency from those uncomfortable under the spotlight.

The surge in non-performing credit this year due to corporate defaults will not necessarily translate into investment opportunities amid covid-19.

Debt fund managers and banks became more positive on their outlook for lending in April as the German government pilots its way out of lockdown.

Distressed debt and special sits, food production, healthcare and certain VC strategies have received growing attention as a result of the coronavirus crisis.

After suffering the loss of GSO co-founder Bennett Goodman last year, Blackstone’s credit arm has also been hit by the coronavirus.

Last month’s real estate debt fire sales at the outset of the covid-19 outbreak in the US were just the tip of the iceberg for private real estate

The industry organisation is circulating a draft proposal recommending a host of disclosures on GPs’ use of subscription credit lines, with an eye to helping LPs manage exposure to the lines, allocation to PE and overall liquidity.

While the overall outlook for 2020 is negative, there are sharp variations depending on manager strategy.

The firm’s founder and managing partner says recovery rates on what investors thought were secured loans will be very different to historical precedents.