Loan Note

Loan Note: Borrowers ‘biting the bullet’ on new financings; Ares reaches second close on Pathfinder fund

Maturity walls are forcing attractive loan terms, according to Varde Partners. Plus: charitable causes part of fee for Ares fund; and blue-chip GPs sign up to wealth platform. Here’s today’s brief for our valued subscribers only.

Loan Note: Private debt responds to questions over stability; green guidance for property lenders

The industry responds swiftly to concerns around direct lending’s ‘veneer of stability’. Plus: UK property lenders are given some green guidance on valuation; and Stonepeak makes a special situations hire. Here’s today’s brief for our valued subscribers only.

Loan Note: Fundraising expected to improve in 2024; private debt secondaries holding value well

Fundraising headwinds continue to blow but the outlook appears to be brightening. Plus: private debt secondaries are showing only modest discounts; and France’s Tikehau Capital expands into Abu Dhabi. Here’s today’s brief for our valued subscribers only.

Loan Note: Preferred return under scrutiny; US property ‘fragile’ says Moody’s

Callan’s findings from its inaugural study of private debt fees. Plus: Moody’s highlights the fragility of US real estate markets; and France’s Eiffel Investment adds to its sustainability toolkit. Here’s today’s brief for our valued subscribers only.

Loan Note: Countering the ESG backlash; BoE highlights lending concerns

Why regulation might protect ESG from the backlash in the US. Plus: the Bank of England has worries around private equity and debt; and Europe’s worsening credit conditions. Here’s today’s brief for our valued subscribers only.

Loan Note: StepStone on the credit secondaries opportunity; farewell to LIBOR

StepStone reveals why transactional volume in credit secondaries is on the up. Plus: waving goodbye to the UK’s LIBOR; and Adams Street’s tips on manager identification. Here’s today’s brief for our valued subscribers only.

Loan Note: Europe’s deal market down but not out; KKR strikes BNPL deal with PayPal

DC Advisory sees hope for a subdued European deals market in H2. Plus: KKR teams up with PayPal for a major consumer finance deal; and Managing Partners Group predicts a private debt capital boost from high-net-worth individuals and retail investors. Here’s today’s brief for our valued subscribers only.

Loan Note: Deloitte finds Europe’s deal activity is slowing; Epsilon launches second Oz fund

Deloitte finds deal activity is slowing in Europe, with the exception of favoured sectors. Plus: Epsilon launches second fund as direct lending makes headway in Australia; and KBRA tips the mid-market to prove resilient through rate rises. Here’s today’s brief for our valued subscribers only.

Loan Note: Private debt fund sizes keep rising; family offices embracing ESG

The average size of private debt funds is on the rise. Plus: family offices are starting to prioritise ESG; and our Fund Leaders survey launches. Here’s today’s brief for our valued subscribers only.

Loan Note: Changemakers and other Decade highlights; CMBS delinquencies on the up

Changemakers, fundraising themes, award winners and the PDI 100 GP ranking – we look back on 10 years of private debt. Plus: Trepp charts a rise in CMBS delinquency rates; and British Business Bank supports a UK lender to small businesses. Here’s today’s brief for our valued subscribers only.