Private Credit: views from investors/LP, the opportunities, new entrants, and lessons learned from the pandemic. Churchill’s Co-Head of Senior Lending Randy Schwimmer, Cliffwater’s Head of Capital Markets Fran Beyers, Comvest Partners’ Partner Dan Lee, and Refinitiv’s Head of Market Analysis Ioana Barza share their insights. ▶︎ Watch the full version interview from Opus Connect Webinar: […]
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
“Anytime loan market technicals shift, there’s always a view that CLOs are the end of Western civilization as we know it.” So a top CLO manager related his experience over several decades. Regardless of actual historical performance, collateralized loan obligations are periodically hauled out by the media, excoriated for reckless behavior, and dismissed as just another…
Formation of new collateralized loan obligations slowed last year, but picked up in 2021.
PE firms tap abundant liquidity, yet LBO loan deal flow struggles to meet demand Source: Debtwire Par Financial sponsors have been very busy this year, taking advantage of borrower-friendly market conditions to tap the debt markets at a rapid pace. Sponsor-backed syndicated leveraged loan issuance has already hit a quarterly record of USD 181bn, as…
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…
Investor Views on the Fund Types Presenting the Best Opportunities in Private Debt Investors believe the best opportunities in private debt are in distressed and special situations funds. More than half (56%) of surveyed investors are backing distressed debt, up 16 percentage points on the previous year, while 48% see the most promise in special…