Purna Bhudia, head of credit at the Pension Protection Fund, talked to PDI about how the fund approaches credit investing and how to manage the ups and downs of credit investing.
9 min read · 26 November 2019
As BDCs dive down into the capital structure and into sectors facing tough times, recovery rates could be significantly lower than during previous downturns. Andrew Hedlund investigates
5 min read · 26 November 2019
Controversial aspects of deal structures such as EBITDA addbacks and restricted payment baskets will come under scrutiny as and when conditions get tougher, says Ares’ Michael Arougheti.
1 min read · 25 November 2019
The deal signals the real estate fund management giant’s entry into Europe’s property credit market.
3 min read · 22 November 2019
The rise of three Australian non-bank lenders owned by Blackstone, Cerberus and KKR illustrates changing lending dynamics in the country.
4 min read · 22 November 2019
From how distressed should be a ‘grind-it-out’ strategy, to making sure GPs are ‘cycle-proofing’ their documents, this is what participants were talking about.
5 min read · 21 November 2019
The 6% annual returns JPMorgan AM predicts infrastructure equity will generate over the next decade, will ‘offset a lot of the pain that will at some point come’.
3 min read · 21 November 2019
Relative to its peers in private equity and other asset classes, private debt is behind the curve on ESG. It is catching up, but with various approaches and motivations.
3 min read · 21 November 2019
Investors at PDI’s annual London conference voiced appreciation for managers that have been in the trenches and have the battle scars to show it.
2 min read · 21 November 2019
