Unitranche has found favour post-GFC as a result of its simplicity. But investors should make sure not to ignore it goes much deeper in the capital structure than traditional first lien senior secured debt.
3 min read · 26 September 2019
A recent roundtable revealed managers have new strategic priorities and different sources of capital to target.
3 min read · 19 September 2019
In our September magazine’s Deep Dive, investment professionals stressed the benefits of permanent capital. One overlooked advantage is making the asset class more accessible.
2 min read · 12 September 2019
What defines the Stateside private credit market in 2019? Our recently published US report identified the following themes.
3 min read · 05 September 2019
A protracted cycle and fierce competition mean investors in private debt need to try and escape the crowds.
3 min read · 29 August 2019
The EBITDA addback has become one of the most controversial aspects of deal documentation. Research shows lenders are resisting the most extreme examples.
2 min read · 22 August 2019
Investors seeking refuge from the wild swings of the stock market may find that diversification brings unexpected challenges.
2 min read · 15 August 2019
The London-based private equity firm picked the New York giant as a minority shareholder also for the soft benefits that brings.
3 min read · 12 August 2019
Credit managers are now making offers for almost multibillion-dollar loans. But as private credit heads into uncharted waters, the asset class’s next big challenge could come from the very force that catalysed its growth.
2 min read · 08 August 2019
