Private debt investments come in various forms, with direct lending being the most common. In direct lending, private debt funds provide loans directly to companies without intermediaries, often with floating interest rates that protect against inflation and interest rate hikes. Mezzanine financing, another private debt strategy, combines debt and equity elements, offering higher returns in […]
Aircraft leasing has been popular with institutional investors but faces a crisis like no other as the airline industry faces bankruptcy.
Two of Australia’s largest funds, AustralianSuper and UniSuper, have booked significant devaluations of their unlisted asset portfolios in response to the coronavirus crisis.
Highly leveraged midstream companies are likely to default on loans, but natural gas, which has not seen commodity price volatility like oil has, is one bright spot.
Airports in Australia have been hit hard by coronavirus, just as in almost every other country. How bad is the situation and what will Australian asset managers do to mitigate the impact?
The measures which, the government is adopting in light of the coronavirus pandemic, amount to $448.5m and are aimed at helping airlines and toll road users.
Transport assets are likely to be hit the hardest from the coronavirus crisis, although much will depend on the contracts behind the assets.
Heavily invested legacy vintages might suffer more than funds in market, with the jury still out on whether this crisis will be sharp and short like the GFC, or sharp and longer-lasting running through various cycles.
Drawdowns could enable managers to pre-empt liquidity issues arising from the pandemic but may compound the problem for certain LPs.
As the industry hunkers down in the wake of the coronavirus pandemic, we speak to GPs, LPs and others to discuss asset class resiliency, the impact on new firms and opportunity assessment.
Lawyers from Paul Weiss pinpoint the areas of a private equity firm operations that may need to be adjusted to account for the coronavirus outbreak, including fund documentation, valuation and banking relationships.
S&P Global Ratings expects ‘substantial disruption’ to sector revenue in the first half of 2020 in mainland China and Hong Kong.
Commitments for co-investments and SMAs outpaced capital raised for ECP IV due to the large cheque sizes Asian and Middle Eastern LPs contributed to the fund.
Managers should get ready for internationalisation, downward pressure on fees and bigger private capital allocations, should the current wave of mergers come to pass.