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
The London-based firm, led by ex-Deutsche Bank executives, has collected €500m at the first close of its follow-up special situations vehicle.
2 min read · 09 October 2019
Private funds extend credit to homebuilders amid the nascent availability of offshore credit in China’s credit market.
3 min read · 27 September 2019
The fund will focus on assisting 14 Italian companies to restructure and relaunch their businesses.
1 min read · 27 September 2019
