The fund manager is seeking to hold large loans and then wait for the syndication market to recover before selling them.
3 min read · 07 July 2020
Early signs indicate the nascent asset class is proving resilient to the pandemic’s shock, its first big test.
3 min read · 02 July 2020
There is a near-term discount opportunity in distressed, but investors need to bear in mind that fund managers may be investing over several years. Alex Odysseos of Houlihan Lokey reflects on the significance of this.
4 min read · 30 June 2020
The pandemic has precipitated an explosion in private credit funds, particularly of the distressed debt variety. Now accredited individual investors have another way to join the party.
3 min read · 29 June 2020
Long dealt a bad hand in documentation, investors may have assumed that the global pandemic would make borrowers less demanding. Their raised hopes could well be dashed.
3 min read · 11 June 2020
Funds seeking to take advantage of the dislocation opportunity don’t need to have flashy bells and whistles.
3 min read · 28 May 2020
More than half of the participants in Accord Fund III B are new to the strategy.
2 min read · 26 May 2020
It was widely predicted that the market downturn would profoundly alter behaviour in leveraged finance, but then along came EBITDAC as a reminder of the past.
2 min read · 21 May 2020
Changes to financial hardship provisions have seen members affected by covid-19 withdraw significant sums, with the largest funds and those with membership cohorts in struggling industries the hardest-hit.
3 min read · 19 May 2020
As an example of the practice surfaces, an industry body is warning other companies not to use the covid-19 outbreak as an excuse to try and raise additional finance through flexible documentation.
2 min read · 19 May 2020
