Newsletter

Loan Note: The latest trends in the US; DeSimone takes charge at Alcentra

All the latest trends from the US, the world’s largest private debt market. Plus, change at the top at Alcentra and why private debt returns do best when Fed rates are low. Here’s today’s brief for our valued subscribers only.

Loan Note: Ten ways private debt is changing; the shrinking CLO universe

Ten ways in which private debt is changing – we have this and other highlights in our newly published September 2020 issue. Plus, a shrinking CLO universe and signs of hope for direct lending. Here’s today’s brief for our valued subscribers only.

Loan Note: LPs see the attractions of Copenhagen, Apax vehicle favours liquidity over dislocation, Sun Life’s Crescent deal moves closer

Why the Nordic direct lending market adds up to an interesting proposition for LPs. Plus, Sun Life and Crescent move closer to a tie-up and why an Apax vehicle decided to pass on dislocation opportunities. Here’s today’s brief for our valued subscribers only.

Loan Note: India changes insolvency rules, Sixth Street backs Biohaven, Alt lenders should not be locked out of recovery

India takes steps to reduce defaults among small businesses by changing its insolvency regime. Also, Sixth Street backs a biopharma company while the UK authorities are urged to involve alternative lenders in the country’s coronavirus recovery. Here’s today’s brief for our valued subscribers only.

Loan Note: Growing concern over payment holidays, LBOs driving defaults

Borrowers who have taken payment holidays due to coronavirus could face big bills as lenders ask them to catch up. We also take a look at why LBOs are making up more than half of all firms in default. Here’s today’s brief for our valued subscribers only.

Loan Note: Curing SMEs Covid hangover, Bain sets sights on Virgin Australia, Tikehau exits turnaround

Could private debt funds hold the key to helping SMEs recover from covid-19? Plus, Bain talks to creditors about Virgin Australia and Tikehau turns a struggling retailer around. Here’s today’s brief for our valued subscribers only.

Loan Note: Investors lack covenant transparency, interest grows in music royalties, the firms making moves in Asia-Pacific

A new survey that reveals why investors are puzzled by covenants. Plus, the rise of speciality finance and strategic moves in Asia-Pacific. Here’s today’s brief for our valued subscribers only.

Loan Note: The challenges facing Australian GPs, the equity managers mulling debt and a surprisingly upbeat survey

Why professionals in Sydney are fearing a second wave – not of covid, but of problems facing portfolio companies. Plus, why more equity-focused GPs may consider adding debt, and some heartening findings from a Partners Group survey. Here’s today’s brief for our valued subscribers only.

Loan Note: Kennedy Lewis strikes permanent capital deal, PennantPark/Pantheon tie-up, Mercer’s new head of debt

Why Kennedy Lewis is looking to the future with confidence after striking a deal with an Italian asset manager. Plus, Pantheon backs PennantPark and Mercer has a new head of private debt.

Loan Note: Apollo’s $100bn AUM boost, KKR on the Fed, defaults rising

Apollo adds a cool $100bn in AUM during a single quarter, thanks in part to two acquisitions by its insurance units. Here’s today’s brief for our valued subscribers only.