News & Analysis

Artemid holds first close for senior debt fund

The firm has raised €300m to invest in mid-market European companies with a focus on sustainability.

New UK hire and planned fund for Beechbrook

The UK-based lower mid-market lender has brought in Richard Smart from NatWest as it prepares to raise its largest domestic fund to date.

Loan Note: Pressures on leveraged loans likely to increase default rate; infra fundraising making good progress

Leveraged finance default rate set to rise further in 2024. Plus: Infranity makes progress on its latest infrastructure senior debt fund; and a UK/US tie-up between DRC Savills and Quadrant. Here’s today’s brief for our valued subscribers only.

SVBF agrees in principle to transfer VC business to creditors

The bankruptcy of the bank’s parent is redefining how ‘Silicon Valley’ functions, and has highlighted the vulnerability of banks.

The problem with picking vintages

There’s a big opportunity cost to vintage timing and diversification, according to a new paper – posing a challenge to traditional thinking on the subject.

Loan Note: The rise of venture debt; why 2023 wasn’t so bad after all

Houlihan Lokey charts the rise of venture debt. Plus: law firm MWE gives a positive take on 2023; and a survey predicts M&A recovery in the second quarter. Here’s today’s brief for our valued subscribers only.

Competing views on private credit’s risk to the financial system

Global financial institutions differ in their assessment of systemic risk, says Alex Di Santo of Crestbridge.