Timing is key in distressed debt The global pandemic provided another reminder that moving fast when opportunity arises is vital for managers in the space. When covid began spreading swiftly around the world early last year, a key facet of distressed debt investing was reinforced – the importance of timing. As public and private markets…

Remote due diligence is here to stay The challenges of life away from people and offices may have hindered private debt fundraising to an extent, but video meetings also have their supporters. Fundraising these days is a tough slog, right? Well certainly for private debt anyway, even if the still-surging private equity asset class managed…

Can Europe close the fundraising gap? Our fundraising data show North America pulling clear as the favourite investor destination. However, Europe’s relative decline may not be long-lasting. Over the last couple of weeks in this column, we have reflected on a couple of the key themes arising from our Q1 2021 fundraising data. The first…

Investors put faith in senior debt Fundraising may be a struggle for some, but for those with senior debt strategies the outlook is somewhat brighter. In last week’s edition of PDI Picks, we brought you our global private debt fundraising figures for the first quarter of this year. If you recall, they showed a still…

Fundraising still lagging – for now Private debt fund managers are still struggling to attract investor commitments, but the asset class looks well placed going forward. The numbers are in – and provide disappointment for anyone hoping for a rapid turnaround in the fortunes of private debt fundraising. As can be seen from the chart…

The European deal market’s fast rebound It was a challenging year for new transactions in the region which nonetheless went out with a bang. It was truly a remarkable year for private debt deals in Europe, as illustrated by a new survey which shows the rapid progression from slump to boom. The latest figures from…

Will a lack of fuel derail private debt in the UK? A new survey highlights the importance of private debt in the UK market. But there are concerns over the weakness of fundraising. In the UK, private debt is now playing a “vital role” in the provision of finance to the country’s SMEs according to…

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…

The new normal is the old normal After a brief period of change, deals are starting to look very similar to how they did pre-covid. “It’s amazing how quickly the snap-back has happened,” said Richard Olson, a London-based managing director at investment bank Lincoln International, reflecting on how private debt deal terms have quickly reverted…

The allure of Asia Pacific Investors have set their sights on the region, perhaps noting the tightness of the documentation. Past research by Private Debt Investor has found Asia Pacific only accounting for around 5 percent of global private debt fundraising, with capital committed to the region a drop in the ocean compared with North…