Loan Note

Loan Note: BDC market responds to refinancing challenge; AEW brings in Natixis team

S&P examines the BDC market as it seeks to push back maturities. Plus: AEW’s new private debt platform; and the last chance to make your opinions known in our survey of LPs. Here’s today’s brief for our valued subscribers only.

Loan Note: Key themes in fund structuring; Oaktree says rate pressure yet to feed through

What a fund structuring survey from Dechert and the ACC tells us about the evolution of private debt. Plus: Oaktree expects rate pressure to feed the distressed opportunity; and Golub hires in Miami. Here’s today’s brief for our valued subscribers only.

Loan Note: Europe reaches a fork in the road on rates; Carlyle spies a financing opportunity

Fidelity says the continuing resilience of the market in Europe hinges on central bankers’ rate decisions. Plus: Carlyle’s Jason Thomas sees opportunity in borrower pressure; and Brightwood prices its latest CLO. Here’s today’s brief for our valued subscribers only.

Loan Note: European deals in the doldrums; weak covenants could impact recoveries

Latest Deloitte survey shows Europe’s deal market weakening further in H1. Plus: Covenant specialist warns on likely recovery rates; and some European pension funds’ key priorities. Here’s today’s brief for our valued subscribers only.

Loan Note: Tikehau’s Opale selects a trio of managers; Arrow increases Dutch presence

Tikehau’s digital platform Opale selects three managers for its fund of funds, which offers access to small-ticket investors. Plus: Arrow Global launches a new real estate unit in the Netherlands; and watch out, the zombies are proliferating. Here’s today’s brief for our valued subscribers only.

Loan Note: Blackstone’s Zidle cautions against economic complacency; new direct lender launches

Blackstone’s Joseph Zidle tells the PDI New York Forum it would be wrong to assume a soft landing for the economy. Plus: Rabobank backs new direct lender; and bitcoin is the collateral of choice for Build Asset Management. Here’s today’s brief for our valued subscribers only.

Loan Note: US pensions undeterred from private debt commitments; Nassau, Fortress team up

Investors have had their allocation challenges of late, but US pensions are still prepared to put their faith in private credit. Plus: Fortress and Nassau strike an investment agreement; and Prudential and Warburg launch a new strategic initiative. Here’s today’s brief for our valued subscribers only.

Loan Note: European dealflow takes a hit; AEW finds growing real estate debt financing gap

Houlihan Lokey finds dealflow falling in most European markets, though the UK is a bright spot. Plus: AEW highlights the real estate debt refinancing gap in Europe; and why you need to be in New York this week for our latest event. Here’s today’s brief for our valued subscribers only.

Loan Note: Rate rises contributing to predicted default rise; direct lending performance holding up well

European defaults on the rise as borrowers come under pressure. Plus: Cliffwater has good news on performance for direct lending; and why larger funds are benefiting in the sub lines market. Here’s today’s brief for our valued subscribers only.