Direct lending

In this podcast, Nuveen mid-market direct lending and investment-grade infrastructure credit leaders discuss why lenders who have built strong relationships with investors through market cycles are well-placed to benefit from market uncertainty.

With the retailisation of alternatives set to transform the industry, building brand awareness with individual investors has become a priority for managers.

Private markets’ enthusiasm for the retail space is no fleeting trend, according to data from recent industry studies.

Opening up alternative assets to non-institutional investors, from HNWIs to 401(k) account holders, represents up to $80trn. It’s an alluring pot of capital for an industry with flatlining annual fundraising figures in some asset classes. And yet, multiple headwinds exist, making the journey towards increasing democratisation far from straightforward.

Further technology advances are required to truly unlock the potential of the private wealth market.

CLO structures act as a firebreak by limiting concentrations of assets from any one obligor, Moody’s says

The private debt market does not want spreads of less than 500bps to become standard, delegates at the PDI DACH Forum in Munich heard.

As the $87bn California pension approves change to remove a cap on manager names in the portfolio, CIO Jonathan Grabel says the system doesn’t have unique concern about credit market.

The move to broadly syndicated loans portends a battle over ever-growing mega-deals.

Record fundraising in Q3 for private debt as investors seek stable returns.