News & Analysis

Private debt struggles to grasp technology

Managers see using cutting-edge tools to assist operations as high priority – but they still have plenty to do to keep up with the latest trends.

Goldman seeds €1.4bn credit fund with Pantheon, Temasek backing

The strip sale is the latest example of an asset manager using the secondaries market to build third-party AUM.

Loan Note: Net-zero guidelines for private debt; Alcentra weighs BSL versus direct lending

‘Grace period’ forms part of new net-zero guidelines for private debt; Alcentra tracks some key implications of the broadly syndicated loan market’s revival; and Antares’ latest hires reflect emphasis on the wealth channel.

Abu Dhabi anchors Pemberton NAV Finance fund

Support from the Emirate’s sovereign wealth fund and other investors will enable the strategy to hold a first close soon.

How Ares is surfing the ageing asset wave

Led by Craig Snyder and Aaron Rosen, the firm’s new opportunistic credit team is focused on dealing with fixed-charge coverage ratios and the lack of DPI.

Regulators look out for trouble

In both the US and Europe, regulators are taking a keen interest in private debt, write McDermott Will & Emery’s Aymen Mahmoud, Riley Orloff and Matthias Weissinger. But do regulators have a distorted view of the asset class’s risks?

Deal structuring is key to Africa’s brighter future

Trade finance bank Afreximbank is attempting to drum up support for infrastructure projects across the continent from private debt firms and institutional investors. PDI met director Kofi Asumadu to find out more about its work across 52 African countries.

Litigation finance offers a lucrative opportunity

There’s profit in court cases, as law firms turn to investors to fund legal claims.

BlackRock’s Caron: ‘Returns have never been so high’

M&A activity will pick up as borrowers and lenders gain confidence from a more stabilised rate environment, says the firm’s head of European mid-market private debt.

Jirí Król: Securitisation needs to look beyond the sellside

There are often inconsistencies in how rules apply across different financial institutions and product types.