What defines the Stateside private credit market in 2019? Our recently published US report identified the following themes.
3 min read · 05 September 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
Alcentra BDC shareholders will retain 19% of the combined entity, while the buyer will reduce its management fee and up its hurdle rate.
3 min read · 13 August 2019
Lenders refocus on backing acquisitions by sponsors, including Brookfield, Partners Group, and TPG.
2 min read · 08 August 2019
The firm, which launched its special situations fund in 2005, could move assets into a newly created vehicle that would let investors cash out of older funds.
3 min read · 06 August 2019
BC Partners, which launched a credit arm more than two years ago, has made its second BDC purchase in less than a year.
2 min read · 02 August 2019
Private debt funds’ share of buyout market financing has continued to climb, although they are likely to hit the ceiling eventually.
3 min read · 01 August 2019
In 2012, debt finance for the German leveraged buyout market was completely bank dominated. Seven years on, debt funds have attained a majority market share.
2 min read · 31 July 2019
The continent looks set to follow in the footsteps of the US as venture lending gathers steam, but challenges lie in wait.
3 min read · 18 July 2019
