Borrowers have held the balance of power for some time when it comes to deal negotiations. There are signs that their grip is being loosened, if only a little.
2 min read · 08 October 2020
Many private funds ran up against their boards and auditors in the process of valuing their portfolios at the beginning of the covid pandemic. Valuations firm VRC reviews some examples of how, and the lessons learned.
4 min read · 08 October 2020
The $262bn pension had signaled earlier this year that is was interested in applying its ‘collaborative model’ to private equity opportunities amid the covid crisis.
2 min read · 07 October 2020
A series of problems have driven banks away from financing global trade.
2 min read · 07 October 2020
The first transaction comes in the form of a A$130m senior syndicated loan facility, with capital funded via a separate account.
2 min read · 07 October 2020
The fund is one of the largest ever for riskier subordinated debt.
2 min read · 06 October 2020
Will the last stage of the distressed cycle go missing? Check out this month’s cover story for reasons why it might. Plus, the relentless rise of covenant-lite loans and a new hire for Churchill. Here’s today’s brief for our valued subscribers only.
3 min read · 05 October 2020
New research suggests there is a real estate refinancing debt funding shortfall ahead. But the problem is unlikely to be as severe as in the aftermath of the global financial crisis.
3 min read · 01 October 2020
Revealed! Rising Stars 2020 is our list of the individuals under 40 who we think will be making a big contribution to the asset class in the years to come. You can read more about it below, together with market insight from BlackRock and thoughts on why financial assistance in the US may have misfired. Here’s today’s brief for our valued subscribers only.
5 min read · 01 October 2020
The Dutch manager has split the fund into a sub-fund structure, targeting €750m for senior debt and €350m for junior debt.
3 min read · 01 October 2020
