Europe

CVI to launch €300m CEE credit vehicle

Polish investor hopes to tap western European investors to invest in private debt across Central and Eastern Europe.

‘We’re seeing an inversion of the capital structure’ – ACC head

PDI met up with the head of the Alternative Credit Council, Jiří Krόl, to discuss the latest trends in the industry and the ACC’s work on tackling risk levels and European regulation.

LISTEN: 3 takeaways from the June magazine’s ‘EBITDA on steroids’ cover story

The level of EBTIDA addbacks is correlated to company size: the bigger the company, the more generous the adjustments. But lenders to smaller companies are still compromising on things they never thought they’d have to agree to only a couple years ago.

BlueBay to spin out private debt team – exclusive

Dyal Capital Partners will support the BlueBay private debt team to become an owner-managed business.

Brexit has not destroyed prospects for private debt funds targeting the UK

Political uncertainty has failed to put a dent in Europe’s largest private debt market, but this could change the longer Brexit goes unresolved.

How Europe’s insolvency and restructuring regimes are evolving

European Union member states are gradually harmonising their regulatory landscapes.

By the numbers: Inside Bain’s latest $3bn distressed fundraise

Its 2012-vintage fund posted lacklustre results, while its vehicle launched in 2015 has been among the better performing from that year.

AIFMs expect regulatory arbitrage to increase in EU

Addressing differences in the way member states implement rules is likely to be a key part of AIFMD II.

Goldman Sachs raises $4.4bn of deployable capital for senior debt

The financial behemoth is the single largest investor in the fund, which is the latest in the Broad Street series.

ICG boosts assets by 29%, profits by 51%

Last year’s €4.5bn debt fund raise has boosted the firm as it ponders launching new strategies.