Fund Management

Agreed changes to the ELTIF represent a step forward as the region seeks to expand access to alternatives.

The two organisations will aim to commit $1bn or more of long-term capital to companies finding it hard to access capital from traditional sources.

There are challenges around terms and pricing, but healthcare borrowers can still find willing supporters in the private credit market, says Aymen Mahmoud of McDermott, Will & Emery.

Many lenders are still in the comfort zone, as performance holds up and sponsors make concessions on deal terms, but few expect that to continue through the tests ahead.

Richard Howe and David Renshaw will lead the firm’s private debt strategy in Europe with a formal launch expected in 2023.

Challenging market conditions mean Europe’s private debt firms are cautious, while expressing confidence in the current vintage.

European deal numbers saw the third-best ever quarter in an unprecedented 12 months of deal activity.

It’s a crowded fundraising market where established names dominate, but start-ups can still grab the attention of LPs wanting to juice up their returns.

The SKr3.1bn deal will allow DBT to scale its business in response to increasing demand for SME capital.

The new entity will continue to manage existing funds and plans to launch its own vehicles.