Investors from Korea are yet to make the Global Investor 30 but it could only be a matter of time judging by the growing appetite for private debt.
4 min read · 01 November 2019
The strategy serves a key role in the economy for capital provision to mid-market enterprises underserved by banks, says Jeffrey Griffiths, principal at Campbell Lutyens.
8 min read · 01 November 2019
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
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
As US federal leveraged lending guidance statutes have become a thing of the past, banks are showing a willingness to compete with direct lenders.
3 min read · 07 October 2019
Volatility has made unitranche an appealing option in a market where some syndicated deals are requiring an increase in pricing to get across the finish line.
3 min read · 04 October 2019
The alternative lender backs both sponsored and non-sponsored businesses with its flagship fund series.
1 min read · 01 October 2019
Ironically, BDC first-lien assets have increased in recent years, but a larger share of BDC assets are considered distressed than the overall secondaries market.
2 min read · 26 September 2019
Unitranche has found favour post-GFC as a result of its simplicity. But investors should make sure not to ignore it goes much deeper in the capital structure than traditional first lien senior secured debt.
3 min read · 26 September 2019
The firm’s founder took a position early on in its development that modest goals and bold ones required similar effort to achieve. So why not aim high?
4 min read · 23 September 2019
