Media

Best Practices in Private Credit (Fifth of a Series)

This week we continue our series on best practices of top private credit firms with a look at how underwriting teams partner closely with their internal colleagues to ensure the most favorable execution for their sponsor clients and investors. Clear communications with private equity partners at the deal screening stage is essential. Quick and decisive […]

Best Practices in Private Credit (Fourth of a Series)

Understanding the connection between business and structural risks is one of the keys to successful credit investing. “Good company, bad balance sheet” is how opportunistic credit managers describe troubled but attractive situations in which to invest. It’s helpful to examine these transactions for clues as to how the borrower got a bad balance sheet to […]

Best Practices in Private Credit (Third of a Series)

Why is portfolio construction such an important concept for analyzing private credit managers? The answer seems obvious, but it’s more than ensuring defaults and loses are minimized. Less tangible, but a huge issue today, is employee retention. It’s not just having the right team going into an investment that matters. It’s making sure you keep […]

Best Practices in Private Credit (Second of a Series)

Success is a balance of offense and defense. Deploying capital efficiently means sourcing top performing assets – financings to superior corporate borrowers backed by (in sponsor-backed businesses) top-tier private equity firms. Once in the portfolio those companies and their financing structures need to withstand any micro or macro threats. Critical to smart investing is close […]

Best Practices in Private Credit (First of a Series)

Success is a balance of offense and defense. Deploying capital efficiently means sourcing top performing assets – financings to superior corporate borrowers backed by (in sponsor-backed businesses) top-tier private equity firms. Once in the portfolio those companies and their financing structures need to withstand any micro or macro threats. Critical to smart investing is close […]

The New Order: Leverage Finance in an Asset Management World (Last of a Series)

Now that the liquid loan market is opening, albeit with mostly refinancings, larger issuers have more choices. This is actually a good and natural thing. For those companies willing to go through the ratings and syndication processes in the bank market, terms can be competitive. Financing choices now include leading private credit managers who offer […]

The New Order: Leverage Finance in an Asset Management World (Third of a Series)

We want to highlight issues demonstrating almost willful ignorance of the role private credit plays in today’s asset management world. We understand the temptation of attention-grabbing headlines. But they do a disservice to investors exploring alternatives in a world that’s punished the usual options. Getting them accurate information on private credit would be a great […]

The New Order: Leverage Finance in an Asset Management World (Second of a Series)

The battle for buyouts is over: privates have won. Private credit fundraising has changed that narrative for good. Increasingly, leading private credit managers with capacity to speak comfortably for $1 billion or more are committing to financings with the ability to hold the entire loan among controlled funds… (Any “forward-looking” information may include, among other […]