To some, the rules are simply a means of ensuring private fund managers apply the same principles as other asset managers. To others, they demand a strong defensive response.
3 min read · 31 August 2023
European defaults on the rise as borrowers come under pressure. Plus: Cliffwater has good news on performance for direct lending; and why larger funds are benefiting in the sub lines market. Here’s today’s brief for our valued subscribers only.
5 min read · 31 August 2023
The largest of the commitments was to a Jefferies Direct Lending separately managed account.
1 min read · 28 August 2023
The public pension confirmed a $20m commitment to Charlesbank Credit Opportunities Fund III during a recent board meeting.
1 min read · 28 August 2023
Even the possibility of a victory by the bankruptcy trustee struck fear in the hearts of market participants. The victory has gone to the defendant, JPMorgan.
3 min read · 25 August 2023
The firm is launching the deal at a time when segments of the retail sector are showing signs of resilience.
2 min read · 24 August 2023
Lender-on-lender violence is being seen with increasing frequency as private debt firms show their willingness to be aggressive in stressed scenarios.
2 min read · 24 August 2023
AI may not be taking over the world, but it’s made an advance into cash reconciliation. Plus: reflections on the new private fund rules announced yesterday in the US; and Lincoln International finds senior debt prospering. Here’s today’s brief for our valued subscribers only.
5 min read · 24 August 2023
The fund will look to finance infrastructure projects with a strong ESG angle across Europe.
1 min read · 24 August 2023
