It is now one of the most popular subsets of the private debt universe, but covid-19 could be about to give this booming sector its toughest test yet.
8 min read · 01 April 2020
Private equity firms and their lawyers argue that loosening the restricted payments covenant is necessary to ensure their interests match those of the borrower by keeping the sponsored company in financial good health. But it’s a controversial development, finds David Turner
10 min read · 01 April 2020
Covid-19 is wreaking its havoc across the world in quite spectacular style. So, amid the growing turmoil, how will the mid-market lending space stand up?
1 min read · 01 April 2020
In February, Blackstone’s Jon Gray explained why it is time to respond to private investment’s naysayers with a targeted campaign of facts about the sector’s non-financial efforts.
9 min read · 01 April 2020
In the second of our series, we asked three market professionals for their thoughts as coronavirus begins to make its impact felt in the private debt market.
4 min read · 31 March 2020
The covid-19 pandemic represents the first real test of the framework in the private sector. Here’s why.
6 min read · 31 March 2020
A flight to safety in uncertain times and LPs’ growing confidence in making loans of their own mean senior debt could be one of the most competitive parts of the credit market over the coming years, says John Bakie
5 min read · 31 March 2020
Two European LPs have already defaulted on capital calls, and more are rumored, as LPs get hit with a one-two punch of large, often early capital calls and drying up distributions.
5 min read · 30 March 2020
Firms will have to change their approach to fundraising and portfolio company monitoring until the coronavirus outbreak recedes.
2 min read · 30 March 2020
