Private debt’s next frontier Asia-Pacific has many attributes which should make investors sit up and take notice. In our recently published Asia-Pacific Report, PDI examined prospects for private debt in the region. As can be seen from the chart above, fundraising has held up well even amid the turbulence of 2020. So what is driving…

Refinancings to the fore It’s one way in which private debt is changing as a result of the global health crisis. With parts of the world seemingly going through a second wave of the coronavirus, it’s difficult to accurately predict how the asset class will develop over the coming years. But some pointers are beginning…

Fundraising has not been stopped in its tracks Senior debt strategies lead the way as capital accumulation manages to retain some forward momentum. Private debt funds raised a total of $109.8 billion during the first nine months of 2020, the lowest figure since 2016, according to PDI data (see chart above)…. Subscribe to Read MoreAlready

What to make of direct lenders’ prospects? Direct lending has enjoyed years of tailwinds – now it must confront the headwinds. Direct lending has experienced enormous growth since the global financial crisis (see chart showing fundraising for various direct lending-relevant strategies), filling a gap that retrenching banks left behind…. Subscribe to Read MoreAlready a member?

Do the documents offer lenders hope? Borrowers have held the balance of power for some time when it comes to deal negotiations. There are signs that their grip is being loosened, if only a little. In the wake of the covid-19 crisis, it’s hard to view the positives but you should always try…. Subscribe to

Delaying the inevitable? Many businesses may be faring better than expected but investors are worried that economic reality will catch up in the end. Listening to market sentiment at our New York Forum virtual experience 2020 last week, it was clear things could be both an awful lot better and an awful lot worse. Some…

NPLs: Covid-19 creates new round of buying prospects The coronavirus crisis may not be as bountiful for Europe’s NPL investors as the GFC, but will offer select opportunities. Every crisis has its winners and losers and one asset class which came out on top after the global financial crisis in 2008 was European non-performing loans…

Infrastructure debt’s strong foundations It’s an investment option that’s become big in Japan, but strong competition for deals casts a cloud. Infrastructure debt continues to attract interest from long-term investors. As can be seen from the chart above, fundraising reached a five-year peak in 2019 and was also strong at the beginning of this year…

Less for distress The coronavirus crisis may have been expected to lead to a fundraising surge for troubled companies. But investors are wary of making bad moves. Investors may be convinced of the intellectual case for changing their private credit allocations in reaction to the coronavirus crisis and its huge policy response. However, this crisis…

Now for something a little different? Covid came along and changed everything. It may also change investor views of unconventional strategies. With covid-19 having upset the applecart in so many different ways, managers representing strategies outside of the mainstream – often referred to as “specialty finance” – might be hoping that investors are now more…