Deal activity has slowed and firms are focused on preserving value in their portfolios. It’s time to double down on the right framework and repeatable processes, according to Marc Preiser and Mikko Iso-Kulmala at Fidelity International.
8 min read · 01 November 2023
Fund managers are celebrating their good fortune when it comes to new transactions, while also fearing what might lie ahead for their existing portfolios.
3 min read · 17 October 2023
A second survey has backed up an existing one in identifying a declining private debt default rate. The omens for portfolio company performance are promising.
2 min read · 10 August 2023
Some of private debt’s safer but lower-returning strategies may face stronger competition as interest rates rise, making opportunistic approaches more compelling. Andy Thomson canvasses the views of investors as the asset class contemplates the challenges of a new year.
10 min read · 02 February 2023
As economic conditions become tougher, deal documentation is once again a hot topic. Borrowers are reluctant to cede too much, but lenders are reining back some of their flexibility to pile up more debt. Andy Thomson reports
10 min read · 03 October 2022
The flourishing deal market of a year ago is becoming a distant memory as more challenging realities are confronted at the negotiating table.
2 min read · 08 September 2022
With a change in market conditions, changes in deal documentation might be expected. But shifts in the balance of power don’t always happen when expected.
3 min read · 01 September 2022
A new study has revealed how pertinent information regarding a borrower’s financial health may be kept hidden from lenders, writes Andy Thomson.
3 min read · 03 May 2022
Leading asset class professionals explain their concerns (and offer reasons why things may not be all that bad).
1 min read · 01 May 2022
