Opinion

Why hedging rates has become a wild ride

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

What’s on the minds of European investors?

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.

Scale versus niche – the competing claims of cleantech

A Moody’s report and a Lombard Odier white paper offer different visions of risk and opportunity for lenders in the sustainability space.

Why CLO equity may be the next big thing

Private debt has found another area of financing where traditional players are struggling to maintain their dominance.

NAV financing presents an ESG challenge

Uncertainty about the use of proceeds poses an issue for NAV lenders looking to manage ESG risks.

Five points to note about distressed debt

A larger and more diverse universe of opportunity for distressed debt and opportunistic credit is unfolding. There are a number of reasons why.

Gaps open for growth in Asia-Pacific

Pressures on banks and the high-yield market, especially in China, mean private debt funds can expand through the provision of flexible capital.

The uneasy relationship between banks and funds

In some areas they co-operate but, in others, competition is increasing. Traditional and alternative lenders walk a fine line between friendship and enmity.

‘Secular change’ tough for some but the outlook’s bright

Given the shock of the new rate environment, some borrowers will experience problems, according to Howard Marks. He thinks talk of systemic risk is exaggerated though.

Signs of hope following Asia-Pacific’s fundraising struggles

As the Middle East grows in significance as a source of capital, and travel continues its post-covid revival, Asia-based GPs are hoping they can find backing for the region’s big investment themes.