Opinion

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

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

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

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.

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

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

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.

Lenders accustomed to the ultra-low rate environment have had to adjust quickly to very different circumstances.

So much has changed in the private debt world over the last year or so, and Europe has its own particular set of challenges. Delegates at our Europe Summit this week tuned in to the key talking points.