All Loans articles – Page 7
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White papersA viewpoint on CLO markets: past, present, and future
Himani Trivedi, head of structured credit at Nuveen, shares her thoughts on the current state of the CLO markets, a lookback to 2022, and a view of what the coming year holds for CLOs.
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White papersWait-and-See Characterizes Mood of CLO Market
As concerns about the banking sector add to continuing macroeconomic uncertainty, the CLO market finds itself largely becalmed as participants await clearer signs of the market’s future direction.
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PodcastMaking investments in infrastructure debt impactful
Making investments in infrastructure debt impactful from a sustainability angle requires a perspective that goes beyond an attractive risk-return ratio and obvious green infrastructure assets such as solar plants. Apart from a wide network to source loans that are suitable, there is a need for a strong research and assessment capability to safeguard their ‘greenness’.
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White papersNo systemic risk from SVB failure, but watch out for areas of vulnerability
Silicon Valley Bank (SVB), a commercial bank that specialises in serving start-ups in Silicon Valley, has been shut down by regulators.
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White papersEuropean Private Loans Benefit from Credit Crunch
With Europe’s public debt markets tightening as its corporate borrowers seek to refinance, private lenders sense an opportunity.
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White papers360° fixed income report Q1 2023: Inflation, disinflation, inflection
In the latest edition of our 360° report, the team reflect on what has been a promising start for fixed income in 2023. Can the rally sustain, has too much of the good news already been priced in, and what will shape the narrative over the course of this year?
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White papersHigh yield bonds vs. leveraged bank loans: Is now the time to rotate?
Over the last two years, leveraged U.S. bank loans (“loans”) have outperformed their high yield bond counterparts; however, we believe this trend may be coming to an end. The relative outperformance of loans during this period was primarily a function of duration, or more notably in 2022, the lack of duration.
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White papersEuropean leveraged loans: Defensive against rising rates and uncertainty?
2022 represented the end of the more than decade-long bull run and the impact for European loans was a dislocation to yields of c.10%. For long-term investors, we believe this provides an interesting investment opportunity for a senior secured defensive asset class with typically higher risk-adjusted returns than comparable credit risk asset classes.
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White papersWhat is a CLO?
CLOs provide an efficient, scalable way of investing in floating-rate loans while offering structural protection that has historically performed well through multiple credit cycles.
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White papersCLOs: A Case for Higher-Quality
CLOs continue to offer compelling opportunities for disciplined investors—especially as robust structures provide protection against some of the lingering macroeconomic headwinds.
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White papersHigh Yield: Value on Offer, But Stormy Seas Ahead
While there are signs that volatility will likely continue in high yield through the coming months, this environment, ultimately, may prove to be a significant opportunity for value creation.
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White papersCLOs: Up in Quality
Against a challenging macro backdrop, CLOs look attractive given the strong structural protections and incremental yield on offer—but there is a case to be made for staying up in quality.
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White papersAccessing CLOs: risk, return and liquidity considerations
Outlines how to access and invest in the CLO market Compares open-end vs. closed-end CLO fund structures and single-manager and multimanager CLO approaches
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VideoIs Now the Time to Buy Loans?
Chris Sawyer, Head of European High Yield, provides an overview of the current conditions in the global loan market and explains why now may prove to be a particularly attractive time to deploy capital into the asset class.
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White papersNatural capital preservation and loan investment: financing positive impact, supporting sustainability
Natural capital preservation can only be achieved through better use of water, waste and energy. Effective management of each of these areas is needed to preserve a world with biological diversity and a stable climate. They are the core pillars of the health and sustainability of our planet.
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White papersCLOs: Well-Suited for Difficult Economic Times
CLOs are a trillion-dollar market that attracts a wide range of investors seeking attractive yields and diversification. In this Q&A, Melissa Ricco, Co-Head of Structured Credit, shares her latest views.
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PodcastCLOs: Finding Value in Turbulent Markets
Co-Head of Structured Credit, Melissa Ricco discusses the current state of the collateralized loan obligation (CLO) market. She provides insight into the year-to-date performance of the asset class, the current credit quality picture, and what risks the team is monitoring.
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Asset Manager NewsPGIM Real Estate finances record $22B in loans globally in 2021
Low interest rates, investors’ ongoing search for yield, and strong acquisitions activity continue to create a supportive environment for real estate financing and alternative lenders across the globe, contributing to a record $22.38 billion in worldwide originations last year for PGIM Real Estate, the real estate investment and financing business of PGIM, the $1.4 trillion global investment management business of U.S.-based Prudential Financial, Inc. (NYSE: PRU).
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White papersIdentifying alpha opportunities in sponsored and non-sponsored middle market direct lending
Investors often ask whether lending to private equity sponsored or non-sponsored companies offer the best risk adjusted return potential. It’s an interesting question, as each channel has distinct tradeoffs.
