Opinion

The perils of being noticed

Everyone wants to get involved with private debt these days, but that includes the regulators.

It’s not only regulators who are worried

In a podcast released this week, Raymond Wright of London CIV broaches the issue of systemic risk in private debt. If LPs are concerned, GPs should be too.

Self-regulation under the microscope

The overturning of a plan to increase SEC oversight leaves private debt continuing to attract scrutiny from a wide range of organisations – including LPs.

Private debt’s question of alignment

Whether managers in the asset class are sufficiently incentivised has become a point of contention.

Impact credit is on the rise

A growing number of managers are looking to private debt in pursuit of positive impact.

What the Fifth Circuit ignored in its ruling

The decision on the SEC’s private fund rules was made for the right reason. There was also a troublesome ‘wrong reason’ in the mix, but the court ignored it.

The big retreat from larger loans – or not

Amid a revived broadly syndicated loan market, private debt firms must decide whether to keep competing.

The impact conversation is moving beyond SFDR

Impact and SFDR classification has always been an awkward marriage. It’s no surprise sophisticated market actors are moving away from it.

Why allocations are waiting in the wings for ABL

The next wave of private debt is just starting to build – and it’s called asset-based lending. But supply of GPs is not yet keeping pace with demand from LPs.