Public Officials Benefit Association is targeting a net IRR of more than 10 percent, with a five percent-plus dividend return, for the mandate.
2 min read · 25 July 2019
The business development company will charge a 1.5% management fee and a 17.5% incentive fee over a 6% hurdle rate post-offering.
2 min read · 19 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
The period was dominated by distressed funds, with Lone Star demonstrating its pulling power with two of the biggest vehicles.
2 min read · 17 July 2019
The pension fund approved $100m contracts with Benefit Street Partners and Alcentra Limited after a nine-month search.
2 min read · 16 July 2019
The pension fund plans to allocate 4% of its portfolio ($490m) to the strategy by 2023.
2 min read · 11 July 2019
Structural changes in the trade finance industry present opportunities for lenders, argues Mikael Bonalumi of Audentia Capital Management.
4 min read · 08 July 2019
Reasons for longer-term vehicles in private debt are growing, with one being the requirement to support businesses traditionally backed by banks.
2 min read · 04 July 2019
Improved returns over meagre bond yields are a key driver of smaller institutions looking for private debt exposure.
1 min read · 04 July 2019
ESG hasn’t always been private debt’s strong point, but many in the industry are working hard to address this.
7 min read · 01 July 2019
