Debt Explorer | At a time when sponsors are holding onto assets longer than expected, margin loans in private markets are providing a valuable channel of liquidity

Debt Explorer | The increase in the use of fund finance by private equity is carrying over into the infrastructure fund space, with managers using net asset value and back-leverage facilities to unlock liquidity for investor

Debt Explorer | Lenders with ambitions to grow their portfolios and secure higher yields see opportunities in the venture debt space

Debt Explorer | The fund finance ecosystem is in a period of flux as lenders and private equity funds take stock of new regulatory capital requirements and the impact of the collapse of several market participants

Borrowers and lenders are seeking new opportunities in the face of growing market volatility

In a rapidly maturing SPAC market, sponsors are more frequently turning to debt financing tools to fund deals

What will drive issuance in a post-COVID-19 world?

Management fee credit facilities have become increasingly popular among private equity firms during the pandemic as a tool to manage cash flow volatility

General partner-led fund restructurings accounted for the majority of private equity secondaries volume in 2020 as managers sought liquidity in a flat exit market

The use of net asset value finance by private equity firms has spiked under COVID-19 as managers explore new sources of liquidity in a weak M&A market