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Private debt occupies a good position to capitalise on opportunities, but faces increased competition.
Pete Lyon and Mahesh Saireddy to play pivotal roles in its restructuring.
The decision increases uncertainties for creditors and distressed debtors contemplating liability management deals.
After a tumultuous 2024 for the UK, Thincats' Ravi Anand looks at some reasons to be cheerful about 2025.
Amid industry optimism on M&A, firm’s head of private debt sees rising need for recapitalisations and refinancings.
The rate cycle has been a preoccupation of the private debt market for a while now. Initial assumptions of a smooth downward cutting cycle next year are being challenged.
Market conditions are stabilising and valuation gaps are narrowing, leading to a growth in confidence for investors anticipating interest rate reductions, say McDermott Will & Emery's Aymen Mahmoud and Fatema Orjela
Lower portfolio yields and rising non-accruals are largest threats to BDCs' performance.
Firms are increasingly looking for private debt professionals who can offer them ‘the whole package’, but a dearth of specialist talent is highlighting the challenges of hiring.
An evolving investor base is creating an environment in which private credit can flourish, says abrdn Investments' head of private credit Neil Odom-Haslett.