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CVC closes distressed fund above target at $1.42bn

Firm believes growing volatility in credit markets is likely to create more opportunities to acquire undervalued debt.

Funding Circle launches private direct lending fund with £30m

The platform lender is making its first major foray into more conventional private debt, but will continue to focus on providing SME loans.

How the UK can still exert influence in Europe

The European Parliament has approved changes to the pre-marketing of alternatives funds that should make the process easier across the continent.

Latest H.I.G fund closes on $1.5bn amid signs of strife in Europe

With Cheyne’s €1bn close earlier in the week, an H.I.G Bayside vehicle is another to target ‘challenging’ conditions for smaller businesses in the region.

PDI Germany: Politics, not economics, is the biggest risk for funds

Although portfolios are strong, political uncertainty and originating good deals pose risks for private debt providers.
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Angelo Gordon hires to exploit European consumer debt opportunities

Regulation and central bank stimulus changes are set to increase opportunities to acquire European debt.

CVI to launch €300m CEE credit vehicle

Polish investor hopes to tap western European investors to invest in private debt across Central and Eastern Europe.

‘We’re seeing an inversion of the capital structure’ – ACC head

PDI met up with the head of the Alternative Credit Council, Jiří Krόl, to discuss the latest trends in the industry and the ACC’s work on tackling risk levels and European regulation.

LISTEN: 3 takeaways from the June magazine’s ‘EBITDA on steroids’ cover story

The level of EBTIDA addbacks is correlated to company size: the bigger the company, the more generous the adjustments. But lenders to smaller companies are still compromising on things they never thought they'd have to agree to only a couple years ago.

BlueBay to spin out private debt team – exclusive

Dyal Capital Partners will support the BlueBay private debt team to become an owner-managed business.
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