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.
3 min read · 21 September 2023
Private credit has received plenty of acclaim as a well-positioned asset class for the times, but investors are not entirely void of concerns.
2 min read · 14 September 2023
Fundraising may have slowed, but US private debt still looks resilient.
8 min read · 01 September 2023
Randy Schwimmer is co-head of senior lending and Jason Strife is head of junior capital and private equity solutions at Churchill Asset Management.
7 min read · 01 September 2023
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
6 min read · 01 September 2023
Evergreen vehicles are attracting retail investors to private debt, but the big LPs need more convincing, says Barings’ Tyler Gately.
5 min read · 01 September 2023
Seen by some as a sign of trouble but by others as a practical way of helping firms through a rate-rise environment, payment in kind has returned to centre stage.
5 min read · 01 September 2023
After a year-and-a-half of deliberations, the SEC has approved new regulations for private funds, but the end result is seen as less harsh than the original proposal.
2 min read · 23 August 2023
Generally behind the curve on ESG, attempts to harmonise disclosure in private debt are beginning to gain momentum.
2 min read · 17 August 2023
