Deals

Impact Community Capital finds opportunity in financing affordable housing

The firm closed $166m of deals, for nearly 2,000 units, in Q4 2023.

KKR leads $500m HarbourView music catalog securitisation

Music royalties backed the financing.

Blackstone partners with Barclays in consumer credit deal

Barclays sells $1.1bn in credit card debt to Blackstone’s asset-based finance group in latest deal to reduce risk assets.

Churchill closes on CLO, Mubadala co-invests

Mubadala will hold the majority of subordinated notes in the $400m mid-market CLO.

KKR leveraged and alternative credit funds both rose in Q4

Earnings report beats analyst expectations, with credit fund performance lining up with other asset classes.

Holdco financing: The view from the UK

Alex Griffith and Natalia Quiroga Porkhoun take a look at some of the similarities and differences between holdo financing in the UK and US.

The numbers are good, but not the whole story

It’s a rewarding time to be invested in private debt, but no one should get too carried away by the hype around the asset class.

Fiera Private Debt holds a first close for a flagship credit fund

The seventh vintage of the manager’s direct lending fund raises C$350m and targets high-quality, mid-market Canadian businesses.

How some borrowers were caught out by rate rises

Hedging was arguably under-utilised in the run up to the ‘higher for longer’ rate environment

Why scrutiny of deal contracts can turn into ‘Whac-A-Mole’

In a podcast published this week, a leading covenant expert and lender representative insisted private debt has no room for complacency when it comes to fair documentation.