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
A new report from bfinance predicts capital raised by credit fund managers may grow this year on the back of an increase in distressed and opportunistic approaches.
2 min read · 14 May 2020
The committee recommended redeploying the non-US mandate to Crescent Capital, another manager the system approved for the private credit program.
2 min read · 14 May 2020
Why determining appropriate leverage levels is challenging, the current crisis is not quite like the GFC, and direct lenders are preparing for a busy period.
3 min read · 07 May 2020
