Financing
German banks and debt funds split LBO market share in Q3 – survey
GCA's Q3 2020 Mid-Cap Monitor also shows that new financing deals increased in the German market
Sponsor-lender relationship faces stiff Covid-19 test
GPs' relationships with their existing banks and debt funds will remain key to managing the ongoing consequences of the crisis
Video: ThinCats' Ravi Anand
Unquote interviews the managing director of alternative lender ThinCats, a sponsor of the British Private Equity Awards 2020
European Direct Lending Perspectives Q2 2020
Debtwire and Creditflux examine the way direct lenders reacted to pandemic-related upheaval and how the industry looks set to bounce back
Video: Travers Smith's Sam Kay on fundraising's paradigm shift
Unquote interviews Sam Kay from Travers Smith, finalist in the Fund Structuring category at the 2020 British Private Equity Awards
BVCA summit: fund financing boom necessitates tailoring
Market participants discuss IRR-enhancing tactics, emergency liquidity and negotiations with LPs
DACH lender sentiment continues to improve – survey
Leverage has not changed significantly for resilient assets, which are still prioritised
Ex-Investec James Stirling joins Westbrooke's debt fund
Stirling spent 14 years at Investec, most notably as head of growth and acquisition finance
OakNorth Bank provides fund facility to BlueGem
Key investors include Glendower Capital, Blackstone's Strategic Partners and BMO Global Asset Management
Debt funds making inroads in DACH amid Covid-19, says GCA
GCA's Mid Cap Monitor shows that debt funds financed 71% of German LBOs in H1 2020, with the firm expecting an activity uptick in Q4
17Capital provides £125m in preferred equity to Exponent III
LPs in Exponent III include Aberdeen Standard Investments, Central Pension Fund and CNP Assurances
Q&A: Pemberton's UK head Eric Capp on direct lending's future
Private debt professional Eric Capp discusses his long-term view of the direct lending landscape
17Capital hires Sklar as senior adviser
Preferred equity provider is looking to bank on increased appetite for portfolio support products
17Capital invests €100m preferred equity in European fund
Funds provided will enable the manager to invest further in their existing portfolio companies
UK government extends lifeline to PE assets, but obstacles remain
Clarification for CBILS is deemed helpful, but concerns linger for the Coronavirus Large Business Interruption Loan Scheme (CLBILS)
Unquote Private Equity Podcast: Fund financing in a fix
The Unquote team looks at how PE managers are turning to fund financing in a bid to shore up their portfolios
GPs turn to preferred equity in hunt for emergency liquidity
GPs seek to raise pots of capital fast to insulate their portfolio companies from the economic fallout of Covid-19
PE examines portfolio liquidity options as coronavirus halts dealflow
Managing financial and liquidity risk is front of mind as managers fret over the potential impact of a severe downturn
UK Covid-19 liquidity support snubs leveraged and mid-market companies
CCFF initiative seems designed with traditional corporate issuers in mind instead of leveraged finance issuers
Acuris coronavirus impact analysis
Assessing the early impact of coronavirus on capital markets and sectors
Bayside promotes Scotland to co-head of special situations debt
Andrew Scotland will take his position alongside HIG Bayside co-head and managing director Duncan Priston
Pemberton appoints Ruenes as head of Spain
Prior to joining Pemberton, Leticia Ruenes worked at NatWest as head of structured finance portfolio
France: Private debt still thriving despite muted fundraising
Current fundraising pipeline and recent investment statistics suggest the French private debt space is still in rude health
Direct lending growth continues unabated - report
According to Deloitte's latest Alternative Deal Tracker, €22.6bn alternative loan issuance was deployed across 178 deals in H1 2019