Regulation

Issues around private credit valuations and payment-in-kind instruments are on US Securities and Exchange Commission regulators’ radars, according to body officials.

The use cases are rising as all players in the private credit ecosystem become more comfortable with NAV financing, maintain Dane Graham, Fokke Lucas and Emad Shahin, partners at 17Capital.

TWG is working with state and federal regulators regarding undisclosed insurance-affiliated assets.

The Dallas and New York Federal Reserve banks are seeking insights into the market, amid concerns about its health.

Examiners ask about funds by name in opening requests. Enforcement has picked up the scent, too, Private Funds CFO has learned.

Insurance firms are among private credit’s biggest supporters, but do they have the internal safeguards to engage appropriately with the asset class?

The legislation could provide new impetus for credit managers to back the most important sectors and regions for the US economy, writes Damien Dwin.

Different jurisdictions demand varying perspectives according to Kyle Shonak, chief transaction officer, North America; Ben Mukhida-Olushola, global head transaction counsel; and Tim Stewart, head of Asia-Pacific, at Gordon Brothers.

ASIC said that updating valuations for 30 June should be an ‘immediate point of action’ for GPs and funds.

With litigation finance rising in popularity among investors, what is the reality of creating strategies targeting this corner of the market?