An ESG journey still in its infancy Private debt and ESG don’t have a long history together, but there are signs of much-needed progress being made. Long gone are the days when lenders were commonly described as the back-seat drivers in private equity-sponsored transactions. While equity financiers market themselves on their ability to bring operational…

Few signs of waning appetite While economic pressures grab the headlines, private debt is forging ahead with investor support apparently remaining solid. There may be over-allocation issues for some investors but there are few signs that current macroeconomic pressures are translating into waning appetite for private debt…. Subscribe to Read MoreAlready a member? Log in

Moving into the middle Positioned in between senior debt and equity, subordinated debt providers are catching the attention of investors. As the world enters a new economic era, firms need new financing options to help them grow in a more challenging environment. Increasingly, hybrid debt/equity and subordinated debt are being used by corporates which want…

Fundraising holds up well The volume of capital gathered remained at healthy levels last year, although the number of funds closed sank to new lows. It wasn’t a record-breaking fundraising year for private debt in 2022 but, with concerns about the economy growing, there were few signs of limited partners changing their positive view of…

Direct lending stays in favour with LPs With few signs of trouble emerging the strategy is still going strong, but for distress the outlook is more mixed. Direct lending strategies remain top of the shopping list for investors in private debt, with 47 percent of LPs planning to invest more in those strategies during 2023…

LPs: over-allocated but still optimistic Our Perspectives 2023 study reveals some practical issues for investors but a determination to continue committing to private debt due to its strong performance. As we head through the early months of 2023, some 18 percent of limited partners currently describe themselves as over-allocated to private debt…. Subscribe to Read

Rates become chief performance concern Inflation and interest rates enter investors’ list of top three worries this year, as fears of a recession persist. Rising interest rates and inflation have become the key concerns for investors taking part in Private Debt Investor’s LP Perspectives 2023 Study, for the first time pushing extreme market valuations out…

On the minds of LPs Over-allocation, rising interest rates and ESG are some of the key investor priorities in 2023. Below we provide a sneaky peek at a few of the key findings from our latest Perspectives study into limited partner attitudes. Perspectives accompanies the February 2023 issue of Private Debt Investor…. Subscribe to Read

Time to move out of the mainstream As the plain vanilla part of the private debt market comes under pressure, investors are turning their attention to more specialised approaches. As we usher in 2023, PDI has been canvassing industry sources to glean a sense of the prevailing mood. Some of these conversations will make their…

The shifting ESG agenda Our A-Z of ESG report asks what constitutes an effective policy for private debt managers in today’s world. When we surveyed fund leaders earlier in 2022, there was overwhelming agreement that a stronger environmental, social and governance vision and culture creates value for a business. The ESG agenda has, as one…