News & Analysis

Loan Note: Five reasons for faith in private debt; corporate defaults on the up

A recovering M&A market and further bank retrenchment are among the factors giving Manulife confidence in private debt. Plus: S&P notes the rise of corporate defaults; and ADM Capital launches a new impact fund in Indonesia. Here’s today’s brief for our valued subscribers only.

Coller Capital’s barometer shows LPs are still keen on private credit

More than two-thirds of investors say they want to expand their use of private credit over the coming year, with the strongest interest in the Asia Pacific.

Questions around risk won’t go away

In growing quickly, private debt has assumed a greater degree of importance as a source of liquidity – accompanying that come fears over what happens if things go wrong.

Loan Note: Optimism around private debt performance; the growing use of perpetual vehicles

Direct lending and opportunistic investing are both tipped for good times ahead by Cambridge Associates. Plus: BlackRock finds the size of private debt’s total addressable market increasing; and Cliffwater identifies a rise in the popularity of perpetual vehicles. Here’s today’s brief for our valued subscribers only.

Goldman puts focus on private credit with executive changes

The asset manager names Greg Olafson global head of private credit in its bid to double its $110bn platform.

Carried interest increasingly offered to junior professionals, says exec search firm

Jensen Partners expects carry will become a common distinguishing factor in competitive job offers.