A plethora of smaller managers have entered the direct lending space without the resources to focus on workouts and restructuring in times of trouble. Andy Thomson explores how much of a problem this may present
4 min read · 31 October 2019
Observers say Europe’s secondaries market, eclipsed for so many years by the boom in direct lending, is starting to show early and patchy signs of an upturn, writes David Turner.
3 min read · 30 October 2019
With a thirst for diversification and yield, private investors are eyeing the likes of CLOs and special situations. Claire Madden of Connection Capital says fund managers should be alive to this trend.
5 min read · 28 October 2019
The firm returned a gross of almost 9% on performing credit in the previous 12 months, but posted a loss of more than 9% in distressed debt over the same timeframe.
2 min read · 23 October 2019
The Massachusetts pension fund is making an unstated commitment to a diversified property-type fund and a $60m private debt commitment to a European direct lending, niche lending or distressed debt fund.
2 min read · 21 October 2019
The vehicle, which is expected to be on the road slightly more than six months, offers a tiered fee structure allowing LPs that commit by year end to get the lowest charges.
2 min read · 17 October 2019
GSO co-founder Bennett Goodman and head of special situations investing Jason New will be leaving at the end of the year.
3 min read · 17 October 2019
Complacency may have crept into the private debt market. An inevitable change in circumstances will put firms to the test, says Oaktree co-chairman Howard Marks in this video.
1 min read · 16 October 2019
The direct lending market has many young management groups battling to try to achieve scale. Until they do, it’s tough to meet growing LP demands for operational strength.
3 min read · 10 October 2019
