Private Debt News

Challenges in the banking system are expanding the opportunities available to direct lenders. I believe the shifts we’re seeing won’t be short-lived, but, to borrow a phrase from Oaktree Capital Management Co-Chairman Howard Marks, may represent a sea change in private credit. Direct lenders provide loans to businesses without using an intermediary. This form of […]

Comparing Direct Lending and Broadly Syndicated Loans We believe that an allocation to direct lending is more attractive than the BSL market due to better terms, better pricing, and less mark-to-market volatility. Putting aside the size of the underlying borrowers (which, in direct lending, has historically been $100 million or less in EBITDA, though this […]

In Zeiten hoher Inflation, steigender Zinssätze und einer zunehmenden Zahl an Kreditausfällen setzt Sienna Private Credit auf Private Debt mit variabler Verzinsung und guten Sicherheiten. Warum diese Instrumente gerade jetzt ins Portfolio gehören, erläutern Nicolas Fourt, Chief Risk and Sustainability Officer, und Hugo Thomas, Head of Credit Research bei Sienna Private Credit, in einem “Institutional […]

Direct lending has become the new found buzz word in private debt, but what exactly is direct lending, and what are its advantages?

Der Luxemburger Real Estate Investment Partner REInvest Asset Management S.A. hat im Dezember 2022 einen Mezzanine-Fonds für die Finanzierung von Immobilien aufgelegt und manifestiert damit seine Expertise in einem neuen Geschäftsfeld.

Unser Private Debt Team hat im ersten Quartal eine weitere Transaktion, die Finanzierung der Supernova, abgeschlossen. Das Unternehmen ist ein führender Eigentümer und Betreiber von Einzelhandelsimmobilien in Slowenien, Kroatien und Österreich. Das Immobilienportfolio von Supernova besteht aktuell aus mehr als 80 Objekten mit einem geschätzten Gesamtwert von über 1,8 Mrd. Euro.

Senior Lending: The benefit of investing in senior lending options is that you are the first to receive payments from the borrower. This is especially beneficial if the company goes bankrupt. However, these options typically come with lower interest rates. Mezzanine: Mezzanine is a hybrid strategy that allows you to invest in private credit and […]

Private debt managers are building up their war chests as a tighter debt market, made worse by the current banking crisis, creates opportunities for alternative lenders. While private debt fundraising last year slowed down from 2021’s record pace, the total capital raised by fund managers—which topped the $200 billion mark—remained relatively high to historic levels.

The market for secondhand private debt stakes has expanded rapidly in recent years, reaching $17 billion in transaction volume in 2022.

Mezzanine financing is making a comeback. In recent years private credit lenders, which have been gobbling up leveraged loan market share, have focused on other types of financing, like unitranche deals, which combined senior and junior debt into a single loan.

Die niederländische Vermögensverwalter erweitert sein Fondsangebot um den Robeco Sustainable Senior Loan Fund (SLF). Das Besondere am Fonds ist, dass Nachhaltigkeit im Fokus der Strategie steht.