Lenders may be left compromised when a deal termsheet does not make clear how much control sponsors have over the transfer of payments.
4 min read · 17 November 2017
Alaska Permanent Fund Corporation – a state-run investment vehicle that distributes dividends to all eligible residents – started investing in private credit before the financial crisis, and sees no reason to pull back now.
3 min read · 16 November 2017
Josée Mondoux of Canada’s CMPA is worried by aspects of manager behavior today but takes comfort from debt managers’ more conservative approach.
3 min read · 15 November 2017
The firm has set a management fee of 1.5% on invested capital along with a 20% carried interest fee over a 7% hurdle rate.
2 min read · 09 November 2017
The biggest firms: Numbers six to 10 in the PDI 50 ranking.
4 min read · 09 November 2017
With private debt fundraising set for a record-breaking year, the time couldn’t be better to expand the PDI 30 to 50.
6 min read · 09 November 2017
As more and more capital pours into global junior capital funds, unitranche and senior lenders are snatching up what might have been mezz loans.
5 min read · 09 November 2017
The turning of the cycle will put Europe’s mezzanine lenders to the test, which means GPs are choosing their target companies carefully, writes David Turner.
6 min read · 09 November 2017
Non-bank lenders are positioning themselves as partners to SMEs going through transformative events. Andy Thomson hears about perceived opportunity and concerns about the cycle.
10 min read · 08 November 2017
