Excuse rights are a tool for LPs to avoid being committed to investments they would rather avoid on environmental, social or governance grounds, but they can create difficulties for fund managers. Winston Penhall of Reed Smith explains why.
5 min read · 05 June 2020
The leaders of some of the most prominent firms have spoken out about discrimination.
2 min read · 04 June 2020
The venture debt vehicle will lend up to £10m to loss-making companies that are fast-growing.
2 min read · 04 June 2020
The US public pension has backed three private debt vehicles in its latest round of commitments.
1 min read · 04 June 2020
Far from shifting the balance of power between borrower and investor, the covid-19 crisis might just perpetuate the status quo. Plus: KKR’s role in the dislocation boom, and the funding gap for smaller businesses. Here’s today’s brief, for our valued subscribers only.
4 min read · 04 June 2020
Debt managers that target both performing and non-performing corporate debt will be the focus of the fund.
1 min read · 04 June 2020
Companies are being supported by government loans, but at what cost in the long run? Jacco Brouwer of Duff & Phelps looks at how lenders and borrowers are responding to the crisis.
5 min read · 04 June 2020
BNP closes a Europe-focused fund of debt funds at around half its target.
1 min read · 03 June 2020
Mitch Drucker, formerly of Garrison, has joined as a partner with ‘strong relationships in the restructuring community’.
2 min read · 03 June 2020
Among its investors, a US pension fund plans to allocate $300m to Oaktree Opportunities Fund XI, the latest in the distressed debt fund series.
2 min read · 03 June 2020
