News & Analysis

BridgeInvest closes real estate credit fund at $670m

BridgeInvest Specialty Credit Fund IV has an equal split of foreign and domestic LPs.

Houlihan Lokey: Prices up and spreads, yields down in Q2

Slow M&A activity has increased competition among lenders for scarce deals.

Loan Note: Defaults reach new high in Europe; Despite firms efforts, governance fines increase

European default rates continue to rise and are now higher than during the financial crisis. Plus: firms are being hit with governance fines; and the ECB raises concerns about real estate valuations.

Dwight Scott, of GSO and Blackstone, retires

The retirement comes not quite a year after the industry veteran became chairman of Blackstone Credit and Insurance.

The perils of being noticed

Everyone wants to get involved with private debt these days, but that includes the regulators.

Loan Note: Direct lenders compete with public markets; Kennedy Lewis carves out RE debt team

Direct lenders have become so large they now compete with public markets for deals. Plus: Kennedy Lewis carves out Gibraltar’s real estate investment team; and leveraged loan markets have a record quarter.

DOWNLOAD: LPs remain heavily underallocated to private debt

The latest PDI Investor Report tracks the biggest allocators to private debt and found many remain heavily underallocated.

Janus Henderson to acquire Victory Park

VPC brings an asset-backed business and litigation finance to the table.