Are there tastier options than vanilla? Senior debt is still fundamental to many investors’ private debt portfolios. But, as competition increases, LPs are increasingly hunting for less populated spaces. While there is little evidence of investors falling out of love with the senior secured private debt market, competition for mid-market direct lending opportunities is such…

Distress is back in fashion Amid a subdued year for private debt fundraising in 2019, distressed debt proved to be a magnet for investors. Last year saw the lowest level of private debt fundraising since 2014, indicating that the asset class may be losing some of its sheen – or that investors are taking a…

Why investors are getting real In the UK and Europe, appetite for real estate and infrastructure debt is on the increase. At Private Debt Investor, our main focus is on corporate loans, typically supporting M&A activity for middle-market companies sponsored by private equity firms. It is, if you like, our ‘bread and butter’…. Subscribe to

Private debt secondaries: On the cusp? Now a well-established part of the private equity universe, secondaries remain very much on the periphery of the private debt world. This seemed to be confirmed by Private Debt Investor’s recent LP Perspectives 2020 survey, which found that only 11 percent of investors who took part were planning to…

RECESSION IS THE LOOMING CONCERN When considering the biggest threats in 2020, investors are most fearful about a possible recession in core markets or an escalation of the ongoing US-China trade war. These are seen by respondents to our LP Perspectives 2020 survey as the most likely factors to have an impact on performance in…

ABL draws significant LP interest Asset-backed lending is one of the credit strategies more investors are becoming attuned to. There could be another credit strategy set to pick up traction, according to PDI Perspectives 2020, our annual LP survey…. Subscribe to Read MoreAlready a member? Log in here...

The Asian opportunity for managers More investors say they are looking to deploy capital into the region, and the possibilities go beyond identifying new LPs. Not surprisingly, many alternative asset investors are considering the Asia-Pacific as one of the emerging markets in which they are likely to invest over the next 12 months, according to…

Fees are still a sticking point for private equity LPs High fees have become a focus for critics of the industry, and fund managers will need to make their case to the voting public. Almost three-quarters of LPs find private equity fund fees difficult to justify to their colleagues, according to the 2020 edition of…

LPs set to continue strong backing of private debt in 2020 Private equity will also maintain healthy investor support, which is likely welcome news to many direct lenders that focus on sponsor-backed transactions. Private debt managers will likely enjoy continued investor support in 2020, according to PDI Perspectives 2020, the latest installment of our annual…

Despite conventional wisdom, investors want more GPs The biggest question isn’t around whether LPs want more GP relationships. The question is, is this good for first-time managers? In a data set that could be rather friendly to first-time managers, almost five times as many investors want to increase the number of GPs they work with…