We asked three market professionals for their thoughts as coronavirus begins to make its impact felt in the private debt market.
China’s real estate markets are betraying liquidity concerns as sales volumes decrease and operations are delayed.
The asset class has some reasons for optimism as it begins to map a way through the covid-19 crisis.
An opportunity may be opening up for distressed debt investors, though they need to tread carefully.
The deal was used to seed the $440m debut credit fund of Angel Island Capital.
Debt funds could provide a countercyclical source of credit during the crisis, but there are concerns about the impact of cov-lite.
First-time fund managers are set to have an even tougher time on the fundraising trail amid the pandemic, but there could be opportunities for those raising capital on a deal-by-deal basis.
Drawdowns could enable managers to pre-empt liquidity issues arising from the pandemic but may compound the problem for certain LPs.
Private securitisations could be a new way for investors to access SME finance assets and bolster the real economy, according to Zenzic Partners' Robert Ainscow and Viktor Petkov
There is light at the end of the tunnel for the private debt market as long as it learns from past crises, argues Gabriella Kindert of Mizuho Europe.