News & Analysis

Recession ‘necessary’ to help bridge buyer-seller valuation gap

High interest rates have made the cost of capital expensive and have led buyers to view certain assets as worth less than sellers’ asking prices.

Barings re-hires Shettle following mass staff departure

A brief truce between the asset manager and rival start-up Corinthia has broken down, with motions to dismiss a Barings lawsuit filed.

Loan Note: Some debt facilities under pressure from PE exit drought; Permira sees move back to mid-market

Fitch sees problems ahead for debt facilities dependent on PE exits; Permira notes a return to mid-market deals; and Carlyle teams up with Sungage in the solar sector.

TRSL commits $125m to Francisco Partners

The US-based pension fund has backed a senior debt strategy.

Affinius Capital sets up European lending platform 

The New York-based manager aims to tap into credit opportunities arising outside of the US.

Why hedging rates has become a wild ride

Lenders accustomed to the ultra-low rate environment have had to adjust quickly to very different circumstances.

Loan Note: Private debt support steady as equities demand booms; rising to the challenge from syndicated market

Equities back in fashion among those searching for managers; AlbaCore expects private debt resilience amid syndicated fightback; and Arrow extends its footprint in Southern Europe.

Aflac unit buys 40% stake in direct lender Tree Line

Tree Line’s ‘underwriting discipline’ attracted the insurance giant in its pursuit of exposure to mid-market direct lending.

Invesco’s Rose looks to scale debt platform amid bank pullback

Closings are ticking up as borrowers re-enter the market, but wider activity is still tempered.