Unable to force deal sponsors to the table in times of stress, lenders find themselves effectively handcuffed. No wonder the covenant-lite loan remains one of the asset class’s big talking points.
2 min read · 09 January 2020
The move expands Aflac’s direct lending exposure significantly, as the insurer’s investment is larger than the entire current mid-market loan portfolio.
3 min read · 08 January 2020
A model by Singapore’s Clifford Capital is the latest capital recycling practice in Asian infrastructure debt.
4 min read · 08 January 2020
Two generally beats one – in goalscoring, number of ice cream scoops and weeks of holiday. One exception though is in the number of legal agreements to negotiate before completing a deal, writes Andrew Hedlund.
3 min read · 07 January 2020
The US public pension has backed an open-ended real estate debt vehicle.
1 min read · 07 January 2020
The global economy is under pressure in 2020, but the outcome is hard to predict. PDI looks at three different views on how things will develop this year.
4 min read · 07 January 2020
After New York-based MCC faced vociferous opposition to its original internal merger proposal, the firm reworked its offer and is moving ahead with an altered proposal.
1 min read · 06 January 2020
The credit manager will make 10-12 investments from the vehicle, the firm said.
2 min read · 06 January 2020
Unitranches, mid-market CLO issuance and leverage are all topics that could be big in the new year.
3 min read · 03 January 2020
The US public pension will commit over $270m to Monroe Capital to make up for its underweight allocation to the asset class.
1 min read · 03 January 2020
