Covenants

A new study has revealed how pertinent information regarding a borrower’s financial health may be kept hidden from lenders, writes Andy Thomson.

Leading asset class professionals explain their concerns (and offer reasons why things may not be all that bad).

Global events have been so momentous that debate has shifted away from borrower/lender negotiations. This week, they were put back in the spotlight.

There is no uniform view on what should be the next reference rate for loans, but decisions will need to be taken soon.

Having exploded onto the scene in the broadly syndicated market, the impact of sustainability-linked loans is now being felt in private debt. But managers need to make sure they do not stand accused of greenwashing. By Andy Thomson

ESG and sustainability are now being worked into deal documentation, but it may take a while before the asset class is seen to be truly making a difference.

Navigating the pandemic has highlighted the value of strong relationships and the importance of experience when it comes to underwriting and portfolio management, say Twin Brook Capital Partners’ Drew Guyette, Tim Schifer and Tony Maggiore, who joined Private Debt Investor to discuss some of their takeaways from the past 18 months and expectations for the future.

Credit funds proved to be supportive partners to sponsors during the pandemic, and their ability to offer creative solutions is paying off as the economy recovers, say Kfir Abutbul, Bill Brady, Yousuf Dhamee and Jennifer Yount, partners at Paul Hastings.

Six leaders in private debt talk about the spectacular rebound in market conditions for the US economy from 18 months ago.

Understanding just how private debt has matured as an asset class demonstrates why lower mid-market managers belong in any allocation, argues Tom Quimby, managing partner with Tree Line Capital Partners.