Fund Management

Bank woes set to boost Spanish debt opportunities

Pressure on bank balance sheets and a growing awareness of private debt products is set to boost growth for the asset class in Spain.

Partners Group lists retail private debt vehicle in Australia

The investment manager is now targeting the retail market via a listed private debt trust.

As investor interest grows, so will the dangers of ‘impact washing’

Deborah Zurkow of Allianz Global Investors says we should be cautious of funds that try to exploit the reputation of impact investing without providing for the social good.

Apollo’s Zelter: ‘If you’re in credit, you’re paid to worry’

The alternative asset behemoth is well positioned for a downturn as it monitors portfolio liquidity and credit lines, the firm’s co-president said.

When one is better than two: Why unitranche trumps syndication

Volatility has made unitranche an appealing option in a market where some syndicated deals are requiring an increase in pricing to get across the finish line.

Comvest raises $450m in first close for fifth direct lending fund – exclusive

The alternative lender backs both sponsored and non-sponsored businesses with its flagship fund series.

Private debt taps into growing demand in Chinese real estate

Private funds extend credit to homebuilders amid the nascent availability of offshore credit in China’s credit market.

3 takeaways for GPs from the PDI New York Forum

LPs and bankers had some advice for GPs on competitive differentiators, workout processes and predictions of private debt performance.

Europe’s mezzanine moment

Unitranche has dominated the continent’s private debt markets in recent years. But, as David Turner reports, mezzanine’s advocates say that it offers better prospects.

Howard Marks: Lack of confidence ‘one of the best things market has going for it’

Market participants are not thinking bullish but they’re still feeling pressure to act bullish, the Oaktree Capital co-chairman told the PDI New York Forum.