Fund Management

The perils of FRCP 7.1 – two years on

The federal rule, updated two years ago, requires a high degree of disclosure by asset managers that some say is impossible to obtain. Proskauer’s Mike Mervis and Massimo Capizzi explain key developments since the requirement was introduced.

The ticking clock – pros and cons of holding for longer

With borrowers having been put under pressure by rising rates, managers face some tough decisions on whether to sell or stay the course.

Wendel takes 75% stake in Monroe Capital

A new partnership between the two firms will enable Monroe to expand its activities and see Wendel commit $1bn to its funds.

Morgan Stanley raises $2bn for North Haven Tactical Value II Fund

NHTV operates as a special situations fund, occasionally delving into asset-backed finance.

Chipping away at the maturity wall

A revived syndicated market and glut of refinancings appear to be challenging notions of problem loans engulfing the market in the years ahead.

Golden age talk tempered by concern over recent vintages

Amid concerns over pressure on existing loans and revived competition from the syndicated market, there is still an overall positive tone at the PDI Germany Forum in Munich.

Bridging the ‘missing middle’ of climate finance will require a variety of finance solutions

Founders can look to asset owners, corporations, government funding and project and equipment finance to scale their operations.

Wall Street veteran Scherr to co-head Pretium with Pruzan

Former CFOs will be co-presidents of the real estate and corporate credit outfit.

LP confidence grows as tests passed

Investor faith in the asset class has been preserved, even through challenging times.

Cliffwater: Private debt yields 7.87%, short of its expectations

Institutions may be sacrificing some yield for the sake of diversifying, says CEO Stephen Nesbitt.