All Loans articles – Page 2
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White papersThe Coming Wave of Homebuyers
How higher rates for longer could be positive for U.S. consumption.
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White papersHigh Yield: What the Market May Be Missing
A closer look at the dynamics shaping today’s high yield bond and loan markets reveals the potential for continued strong performance ahead.
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PodcastHigh Yield Bonds & Loans: Adapting to Changing Markets
Against a backdrop of stickier-than-expected inflation, higher-for-longer rates, and persistent geopolitical risks, what is the outlook for high yield bonds and senior secured loans? Global High Yield Portfolio Manager, Brian Pacheco, weighs in.
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White papersUnveiling niche opportunities in private credit
Most private credit managers focus on extending loans to upper and middle market companies owned by large private equity sponsors.
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White papersDirect lending is not going away
A look at private credit, and why increased activity in the broadly syndicated loans space is not necessarily a bad thing for direct lending, and vice versa, from Benefit Street Partners Managing Director Anant Kumar.
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White papersServicing debt from the top of the cash waterfall
The structure of the US$275m senior-secured term loan is illustrative of how the Federated Hermes Trade Finance Strategy can generate competitive yield, while at the same time mitigating risks, and using top-line cash revenue to repay investors.
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White papersDirect lending: the power of strategic alliances
In an increasingly competitive direct lending landscape, deal origination is critical to achieving consistent returns across the asset class.
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White papersPrivate Credit Allocations vs Leveraged Loans and High Yield
The growth of private credit assets under management in recent years has drawn increasing interest and scrutiny from investors. The scale of the expansion suggests a strong appetite among investors, but the lower liquidity and naturally opaque nature of private credit can make comparisons with public credit alternatives such as leveraged loans and high yield bonds difficult.
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White papers6 questions concerning the weakness behind US resiliency
Do you see recent US data pointing to stubborn inflation? In January we had some upside surprises, encompassing import prices, producer prices, both headline and core CPI, and the PCE deflator. We think prices were in part boosted by seasonal factors which are not fully accounted for in the usual seasonal adjustment, something that also happened last year.
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White papers360°, Q1 2024: Dispersion, disparity, duration
Will the stars align for active fixed income managers in 2024? In the first fixed income report of the new year, our credit team reflect on the year gone by and what may lie in store in the year ahead.
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White papersThe evolution of sustainability-linked loans in direct lending
BSP-Alcentra believe sustainability-linked loans are evolving to cover mid-sized companies and various sectors, highlighting the growing importance of sustainability and ESG factors in the European market.
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White papersRobust Jobs and Tight Credit: Will the Consumer Keep Spending?
Economic reports have been promising so far this year, with consumers shored up by a robust job market. An alien (one that has studied intergalactic macroeconomics) landing on Earth might even wonder why the Federal Reserve isn’t hiking rates given above-2% inflation and low unemployment.
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White papersCLOs: Quality is Key
While there are potential opportunities across the CLO capital structure, we continue to favor higher-quality tranches.
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White papersThe (Still) Compelling Case for Broadly Syndicated Loans
Even as the rate-hiking cycle looks close to its end, loans look well-positioned for strong performance in the year ahead, due largely to the high contractual income on offer.
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White papersStill bearish on China? As Beijing takes action, watch the data to see if it’s working
Recent data has painted a bleak picture of China’s economy. As 2024 unfolds, there are signals that Beijing is finally stepping up to the plate with a solid raft of measures designed to improve consumer and business confidence. For investors trying to gauge whether these moves are effective, here are the indicators to keep an eye on.
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Asset Manager NewsEdR REIM continues to grow its real estate debt platform by closing its first loan in Spain and launching its new fund
Edmond de Rothschild’s REIM Real Estate Debt team recently closed its first loan investment in Barcelona through its co-mingled pan-European High Yield I real estate debt fund. Furthermore, the team is in marketing process for its new real estate debt fund with a target size of more than EUR 500m.
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White papersThe case for CLO equity: complementing private equity
Traditional private equity funds – portfolios of privately-owned companies which have been acquired by specialized firms, or “sponsors” – are a mainstay allocation for many institutional investors. These funds account for a significant portion of the alternatives exposure in public pensions, endowments, family offices, and other sophisticated, long-horizon investors.
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White papersGlobal fixed income outlook 2024: opportunity knocking
The world appears to have moved beyond the height of interest rate hikes, inflation and economic acceleration.
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White papersEuropean leveraged loans outlook: Embracing the unknown
Despite another challenging year for financial markets, European leveraged loans bucked the trend generating healthy double-digit returns. Here, we explore some of the key drivers behind the defensive nature of the loan universe and ask: through the many unknowns on the horizon, could European loans provide solace for investors in the year ahead?
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White papersResilient private credit fills a growing need across U.S. and Europe
The U.S. and European private credit markets have been a significant success story of asset management for the last decade.
