Loan Note

Loan Note: Muzinich looks to energy transition debt; Carlyle signs two new ventures

Both Muzinich and Carlyle have been out signing joint ventures covering everything from energy transition assets to equity release mortgages. Plus: AXA IM Alts is also eyeing up further diversification with an investment-grade, liquid ABS fund.

Loan Note: Three German LPs share their thoughts on the market; BlackRock and Partners in wealth move

We bring you three LP views ahead of our PDI Germany Forum. Plus: BlackRock and Partners Group take a collaborative approach to attracting wealth capital; and France’s LBP AM makes progress for its latest senior secured debt fund.

Loan Note: Chatham launches new CLO business; NAV loans under the spotlight at Fitch

Chatham makes hires for new collateralised loan obligation business. Plus: Fitch brings NAV loans into its ratings universe; and Ocorian exposes North American GPs’ concerns over EU regulations.

Loan Note: AXA IM Alts to acquire mid-market manager Capza; European loans outperforming comparators

AXA IM Alts’ acquisition of Capza is the latest example of private debt consolidation. Plus: Alcentra finds European loans are outperforming; and HSBC launches two new private debt strategies.

Loan Note: Clearlake adds MV Credit to stable; Morgan Stanley reaches $1bn for junior debt

The US’s Clearlake Capital expands in Europe through MV Capital purchase. Plus: Morgan Stanley has fundraising success with junior debt fund; and a shuffle at the top at Comvest Partners.

Loan Note: Insight’s Cameron highlights potential of esoteric credit; private debt defying negative forces

Why there are high expectations for esoteric structured credit. Plus: private debt defies challenging private markets backdrop; and credit solutions aim to ease M&A blockage.

Loan Note: LGT gives biodiversity a special place in due diligence; Fitch identifies M&A rebound

LGT gives greater focus to biodiversity in due diligence process. Plus: Fitch finds M&A volume on the up; and Oaktree delivers latest market observations.

Loan Note: Defaults reach new high in Europe; Despite firms efforts, governance fines increase

European default rates continue to rise and are now higher than during the financial crisis. Plus: firms are being hit with governance fines; and the ECB raises concerns about real estate valuations.

Loan Note: Direct lenders compete with public markets; Kennedy Lewis carves out RE debt team

Direct lenders have become so large they now compete with public markets for deals. Plus: Kennedy Lewis carves out Gibraltar’s real estate investment team; and leveraged loan markets have a record quarter.

Loan Note: KBRA finds good EBITDA figures fending off defaults; ACME’s new hire and fund launch

Borrowers’ interest coverage ratios are being eroded, but strong performance is coming to the rescue. Plus: new hire and fund launch for ACME; and Deutsche lines up possible real estate loan sale.