Senior debt
Leveraged loans issuance sets new record
High-yield bonds backing LBOs followed a different route, with volume decreasing 67% from Q2
Debt funds celebrate strong dealflow following Covid stress-test
Direct lenders now see shift away from refinancings and towards new deals, including 2020 processes coming back to life
Artemid holds €400m first close for third debt fund
Firm is already nearing the overall amount raised by its €413m predecessor
Ardian closes fourth private debt fund on €3bn
Launched in Q4 2017, Ardian Private Debt Fund IV is 50% larger than its predecessor
Bluebay spinout Arcmont Asset Management launches
Arcmont has a legacy €13bn AUM comprising direct lending and senior loan positions
EQT raises €2.3bn for Mid-Market Credit II fund
Available capital, four times the size of its predecessor, includes anticipated leverage
ECB lending guidelines turn one with little to celebrate
Volume of highly leveraged deals continues to rise, while aggressive adjustments on financial metrics follow suit
Mid-market leverage continues upward creep
High price tags, limited assets and cheap debt are helping to push up leverage boundaries in the European mid-market once again
Amundi launches €300m LBO debt fund
Vehicle will select issuers primarily from the portfolio companies of major private equity firms
Stuart Mills to leave HSBC
Head of mid-market financial sponsor coverage will leave the bank after 14 years
ICG holds €5.2bn final close for direct lending fund
Vehicle will invest in directly originated senior secured loans to mid-market corporates
BlueBay closes €3bn senior loan fund
Fund is BlueBay Asset Management's third generation of private debt vehicle
Hayfin raises €2.2bn for special opportunities
Credit specialist will take part in rescue financings and debt restructurings
Pemberton arranges refinancing for Capvis-backed Ondal
Approximately 20% of the €1.2bn debt vehicle is now deployed in Germany, according to the firm
Permira Debt Managers set to close third direct lending fund
With the end of its latest fundraise in sight, the credit specialist is in full deployment mode
European leveraged loans rocket in Q1 on back of favourable terms
Opportunistic recaps and refinancings, with borrowers taking advantage of lower pricing, led to a 140% uptick in loan volume in Q1
Golding holds €331m first close for private debt fund
Fund has raised more than half of its €600m target after five months of fundraising
Credit funds eye opportunity in ECB limits on bank leverage
Draft guidelines from the European Central Bank propose a suggested ceiling of 6x EBITDA for leveraged buyouts
Alcentra, Hayfin close two multi-billion direct lending funds
Two credit specialists both close a second mid-market debt fund
Investcorp completes purchase of 3i's debt management arm
Deal marks the asset manager's largest strategic investment to date, almost doubling its AUM
Beechbrook holds £100m first close for SME credit fund
Close comes six months after vehicle launched with £100-200m target
BlueBay closes second debt fund on €2bn
Fund close comes after less than a year on the road
3i raises €414m CLO for European buyouts
Fifth CLO closed by 3i in 2015
Artemid closes maiden debt fund on €345m
Senior-debt vehicle to provide up to €30m per deal