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The closing comes as secondary prices fall to levels last seen in the global financial crisis.
The firm plans to introduce its first real estate debt offering after rebranding its property business this month.
Debt funds and their portfolio companies have grown used to tapping cheap debt facilities, but underperformance amid the covid-19 crisis may see access to finance restricted.
There is not sufficient reward for investments that benefit society, argues Ignacio Diez Torca of Trea Direct Lending, who says it’s time for government tax breaks.
Aircraft leasing has been popular with institutional investors but faces a crisis like no other as the airline industry faces bankruptcy.
Disciplined lending throughout the cycle should stand the non-bank lending space in good stead, according to Simon Wallace.