Fund Management

Asia top region for covenant strength

North America has seen covenants significantly weaken as credit supply expands.

HPS to acquire distressed debt firm

The New York-based credit manager will bring on at least three investment professionals.

DOWNLOAD: Goldman and Drexel, the firms that spawned the private credit giants

The investment banks – one still arguably the pinnacle of Wall Street and the other a casualty of, among other factors, run-ins with federal regulators – produced some of the biggest names in alternative lending.

Cheyne hires two for strategic value credit strategy

The hires bring Cheyne’s SVC team to ten people focused on stressed but performing mid-market loans.

How the GFC changed private debt

Managers now have useful data to avoid replicating past mistakes. But some lessons may not have been learned.

Goodhart targets $200m for first minority stakes fund

The investor in boutique fund managers is looking to focus on private markets specialists, including debt managers.

WATCH: Why this family office has its own fund

Two senior execs from Blu Family Office explain in a three-minute video why they like short-term loans, but are wary of the capital flooding into private debt.

Credit investors flock to Asia despite low compensation

Among other concerns are duration risk and weakening covenants

How to hedge risk with the French fiducie

A cheaper alternative to the Credit Default Swap, the fiducie is expected to play a bigger role as the use of French law increases post-Brexit. Benjamin Raillard of Solutions Fiducie explains its applications.