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With the deal market for private equity-backed companies red hot, alternative lenders should maintain their discipline and work with those sponsors backing the portfolio companies, Twin Brook Capital Partners partner Grant Haggard said.
Divergences in risk retention and loan market size can mean making heads and tails of CLOs on both sides of the Atlantic is tough. Andrew Bellis, managing director in Partners Group’s Americas private debt division, compares the two markets.
CLOs offer attractive alternatives for investors looking to gain exposure to mid-market debt. David Heilbrunn, Churchill Asset Management’s head of product development and capital raising, and Shai Vichness, the company’s chief financial officer, give us their insights.
Not all special situations strategies are focused on distressed investing. Managing directors Aaron Peck and Cesar Gueikian, co-portfolio managers of Monroe Capital’s Opportunistic Private Credit strategies, highlight how opportunistic private credit differs from more traditional distressed strategies
Finding less efficient niches in a congested market is becoming a challenge for many fund managers. Structured credit offers attractive opportunities in underfished waters, explain Alcentra’s Hiram Hamilton and Cathy Bevan.
Special situations offer many advantages over traditional distressed or turnaround debt, but success requires a bespoke approach, explains Emmanuel Bonnaud, managing partner with Capzanine Special Situations.
Research shows that firms with leadership teams representing an array of backgrounds are more profitable. Antares Board members Melina Higgins and Diane Nordin discuss why a diverse workforce makes good business sense.
With Europe’s private debt markets continuing to mature, fund managers are growing businesses across the region. Graeme Delaney-Smith, head of European direct lending at Alcentra, considers the opportunity.
Paul Johnson, a partner at EQT Partners, investment advisor to funds within the EQT Credit platform, talks to PDI about mid-market private debt opportunities in Europe, and his outlook on the current credit cycle.
As larger players move in, the lower mid-market is getting more crowded. But having scale alone does not guarantee success, explains Grant Haggard, partner at Twin Brook Capital Partners.