In-depth, expert analysis on the changing landscape of investments around the world. Leading asset managers reports uncover trends, highlight changes and consider future strategic impact.
The changing strategies of traditional institutional lenders in the wake of the recession continues to act as a drag on business expansion plans. This has spurred a rapid growth and increased interest in alternative forms of lending, with demand from Europe’s SMEs matched by a strong appetite from institutional investors faced with continuing low yields from traditional fixed interest vehicles.
Date added: 01-09-2015
Sector: Private Debt
In the commercial real estate world, unitranche loans do not exist. In real estate 'whole loans' are pretty much the same as corporate unitranche financings; a single, first-ranking loan which covers both the senior debt and mezzanine tranches in a leveraged credit structure paying a blended return.
Date added: 01-06-2015
Sector: Real Estate
In the heady days before the financial crisis, Europe’s collateralised loan obligation (CLO) market was thriving, with at least 60 active CLO managers issuing funds. While smaller than its US stable-mate, the European CLO market entered the downturn with around Û130bn of funds outstanding, virtually all of which financed European leveraged loans in corporate buyouts. Banks, insurance companies, pension and other funds globally were investing into European leveraged loans through CLOs and it seemed that the asset class had come of age.
Date added: 01-01-2015
Sector: Developed Market Sovereign Bonds