The European mid-market is increasingly embracing US-style structures featuring higher leverage, no maintenance covenants and other sponsor-friendly features, according to Marlborough's Q2 review.
2 min read · 04 August 2014
The German mid-market is still reliant on its close relationship with the traditional banking community, according to S&P, with no real pressure to change thanks to low gearing and excess cash reserves.
2 min read · 30 July 2014
Pemberton Asset Management has become the latest manager to partner with a large institutional investor. While the deal is certainly a statement of ambition, it's also a defensive move for the firm as banks return to the market.
3 min read · 25 July 2014
Alternative real estate lenders in Europe represent 40 percent of active lenders as at Q2 2014, as revealed in a report from Cushman & Wakefield
2 min read · 24 July 2014
The appeal of alternative assets has broadened, reflected by the inclusion of 'illiquid credit' and 'real assets', as two new asset classes in the Tower Watson survey this year.
2 min read · 14 July 2014
The country’s regulators and administrators have sought to free up China’s lending market by improving the cross-border flow of debt financing into the region.
1 min read · 30 June 2014
Standard and Poor’s has reduced recovery expectations on certain bond issues despite price tightening.
2 min read · 19 June 2014
Corporate borrowers in the United States are expected to raise $2.5 trillion in new bonds, excluding refinancing, over the next five years.
2 min read · 17 June 2014
Future financial stress could stem from Asia, as China and its neighbours emerge as the largest group of corporate borrowers in the world, according to S&P. Research also shows that thanks to the country's large shadow banking sector, at least $4 trillion to $5 trillion of global corporate debt is provided by private lenders.
3 min read · 16 June 2014
As their risk appetite grows, the banks are reassessing their engagement with infrastructure lending.
3 min read · 16 June 2014
