For the seventh year, we recognise the managers, institutional investors and advisory firms considered by their peers to have been the standard bearers of the private debt asset class.
Antares Capital's Timothy Lyne says new entrants can find it difficult to act as a lead arranger.
Talking Points: First Eagle’s Tim Conway discusses managing through credit cycles and the importance of experience, in 10 charts.
With bank appetites having been curtailed, new investors of all stripes are flocking to this recession-resistant segment of the market, say Hadley Peer Marshall and Ian Simes of Brookfield Infrastructure.
Antares’ John Martin and Vivek Mathew discuss what characterised 2017 in the private debt world and the ongoing importance of diversity in a credit manager’s portfolio.
Non-bank lenders are positioning themselves as partners to SMEs going through transformative events. Andy Thomson hears about perceived opportunity and concerns about the cycle.
Consolidation in the BDC world has picked up and could affect the emergence of new groups going forward, says Twin Brook’s Trevor Clark.
Divergences in risk retention and loan market size can mean making heads and tails of CLOs on both sides of the Atlantic is tough. Andrew Bellis, managing director in Partners Group’s Americas private debt division, compares the two markets.
Investing in healthcare companies using structured debt can provide broader downside protection than royalty financing, posits Sam Chawla, portfolio manager of the Perceptive Credit Opportunities strategy at Perceptive Advisors.
Being a lead arranger allows a credit manager the ability to negotiate deals, which in the lower mid-market tend to have better lender protections, says Twin Brook Capital Partners’ Garrett Ryan.