Fund Management

The firm has appointed co-CEOs to manage a transition process as its CEO James Greenwood announces his retirement.

Getting a fairness or valuation opinion on a private equity GP-led secondaries transaction is a straightforward, albeit costly task. In credit secondaries, however, the rule change creates a cumbersome burden.

European transactions have dropped to the lowest number since the covid-19 pandemic broke out, due to a sharp decline in LBO volumes and other difficult market conditions.

A growing number of fund managers are offering customised investment options for clients and are seeking ways to access retail clients.

Private credit has received plenty of acclaim as a well-positioned asset class for the times, but investors are not entirely void of concerns.

The dissenters in the 3-2 vote, Uyeda and Peirce, seemed to welcome a court challenge. But for several days that prospect hung in the air.

David Robbins, the firm’s head of credit strategies, said the latest vehicle had a ‘great mix of investors.’

At our gathering of private debt professionals from the US and elsewhere, participants had a sense of resilience and opportunity – while also acknowledging that tough times may lie ahead.

The deal cements parent company LCFH’s position in the management of consumer and SME loans, leases and mortgages across Europe.

The German market is branching out from unitranche to other types of financing, as well as seeing innovations in documentation, write Thomas Weitkamp, Rainer Adlhart and Anna-Maria Kuckerz of Latham & Watkins