Credit
Institutional investors have allocated around $2 billion to credit funds in recent weeks.
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US public pension funds have disclosed $1.2 billion in commitments to credit focused strategies.
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COVID-19 has emphasized the need for patience and mandate flexibility in private credit, industry participants told the AVCJ Forum.
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Institutional investors have allocated just over $2.8 billion to credit funds in recent weeks.
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Institutional investors have allocated just over $4 billion to 27 credit managers in October board meetings.
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Global institutional investors allocated nearly $5 billion to credit funds this week.
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Pension creates private credit bucket as Florida eyes 'best distressed opportunity ever'.
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Portfolio Challenges of Repairing a US CLO
With a quarter of US CLOs failing their OC tests there has been plenty of talk about the impact of test-failures, but very little talk about what portfolio management steps a manager can take to fix the problem. As loan-market prices stabilize some test will cure themselves, but other like CCC-buckets will require active steps, complicated by the wide range of other matrices and metrics that need to also be fulfilled.
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Private credit: Predicting the post COVID-19 environment
The coronavirus outbreak – and subsequent curtailment of economic activity – triggered a global liquidity crisis. Some companies have already gone bankrupt; others will surely follow. Still more are caught in a financing void, unable to tap banking or capital markets channels. Alternative lenders not already overexposed to subordinated debt can help fill the gap. Distress specialists are pursuing deals, while many growth-oriented credit managers are waiting for the right entry point. Our expert panelists debate the risk-reward of post COVID-19 credit.
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