Default rates rising in high yield and leveraged loans, Fitch finds. Plus: Bootstrap acquires SVB German portfolio; and Oaktree puts the senior loans market under the microscope. Here’s today’s brief for our valued subscribers only.
6 min read · 03 August 2023
NAV loans may be an expensive form of financing, but they’re on the rise. Plus: office losses hit Goldman portfolio; and Carlyle backs auto finance platform. Here’s today’s brief for our valued subscribers only.
4 min read · 31 July 2023
Goldman Sachs takes keen interest in real estate debt. Plus: distress rising in US CRE market; and Apera is the latest private debt firm to sell a stake in itself. Here’s today’s brief for our valued subscribers only.
7 min read · 27 July 2023
The US default rate takes an unexpected dip. Plus: the ups and downs of the proposed AIFMD changes; and the tone of credit is positive, says Man GLG. Here’s today’s brief for our valued subscribers only.
6 min read · 24 July 2023
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.
6 min read · 20 July 2023
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.
6 min read · 17 July 2023
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.
6 min read · 13 July 2023
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.
6 min read · 10 July 2023
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.
6 min read · 06 July 2023
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.
8 min read · 29 June 2023
