PDI Picks – 3/22/2021

Senior debt, the investor choice


LPs appear to be happy taking their place at the top of the capital structure, but should not assume every manager’s approach is the same.

“An all-weather strategy”. That’s how one of the panellists on an LP panel at Private Debt Investor’s Investor Day this week described senior debt. The LP in question represented a European insurance company and went on to explain that senior debt is the foundational plank of the portfolio.