Investors

In a podcast released this week, Raymond Wright of London CIV broaches the issue of systemic risk in private debt. If LPs are concerned, GPs should be too.

In the latest Private Debt Investor Podcast, Raymond Wright of London CIV tells of his wariness around loans passing from regulated bank balance sheets to an unregulated market. But he has high hopes for the asset class in areas such as asset-based finance and secondaries.

Regulatory concerns focus on private debt’s perceived growth into new areas – but capital is flowing into an already well-trodden part of the market.

The deal follows a number of major commitments to European private credit from the Abu Dhabi sovereign wealth fund.

The overturning of a plan to increase SEC oversight leaves private debt continuing to attract scrutiny from a wide range of organisations – including LPs.

Traditionally a happy hunting ground for equity, the sports sector is now opening up to non-bank lending as well. Aaron Kless of Andalusian Credit Partners explains why the potential is huge.

Golub Capital’s Altman Index shows firm growth in the mid-market was led by healthcare, industrial and tech firms.

Whether managers in the asset class are sufficiently incentivised has become a point of contention.

NAV’s inherent synergies with secondaries means the strategy is gaining significant traction among East Asian LPs.

The move is the latest to offer private markets funds, including private credit, to a wider range of mass market investors.