Why the Los Angeles County Employees Retirement Association has left KKR “on a bench” for a separate account commitment.
3 min read · 27 September 2013
Trust in the interbank lending system must be rebuilt. The question is how.
2 min read · 20 September 2013
One week, two fund closes, and our first ever ranking of private debt fund managers.
3 min read · 06 September 2013
They tell me of a place where covenant-lite terms flowed like the current of a mighty river. Borrower friendly issuance cascaded from on high, washing over an insatiable deal market like a waterfall. Liquidity wasn’t a dream, it was a reality. I believe they called this distant land, “2007”.
3 min read · 30 August 2013
They tell me of a place where covenant-lite terms flowed like the current of a mighty river. Borrower friendly issuance cascaded from on high, washing over an insatiable deal market like a waterfall. Liquidity wasn’t a dream, it was a reality. I believe they called this distant land, “2007”.
3 min read · 30 August 2013
Private Debt Investor rather likes surfing, and must confess, in the interests of full disclosure, to owning a Billabong wetsuit. So it viewed with interest the latest development in the protracted battle for control of the ailing Australian surfwear company.
2 min read · 23 August 2013
The Chinese government is mulling the launch of a new trading platform to allow investors to buy into the country’s substantial pool of state bank-held non-performing loans, according to Reuters. If so, it would be welcome news.
2 min read · 16 August 2013
Benjamin Franklin promised that only two things are certain in this world – death and taxes. For the last five years, some market observers may have thrown “low interest rates” in there as well.
3 min read · 09 August 2013
It’s been a good week for the UK banking community. RBS and Lloyds, heavily indebted to the taxpayer after their bailouts, posted encouraging results which showed a return to profitability.
3 min read · 02 August 2013
Assured Guaranty and the EIB are helping to put project bonds back on the European menu.
2 min read · 01 August 2013
