01. November 2017

Amid the latest round of Direct Lending fundraising, a disturbing theme has started to emerge. Many managers, it seems, are rather keen to lower their hurdle rates – the point at which lucrative catch-ups and performance fees kick in. It is a step that a number of their private equity counterparts have already taken.

• Fees
• Private Markets
• Private Debt

Weiterlesen: The Hurdle Rate Debate: Are Private Debt Managers Lowering the Bar?

01. November 2017

Three years ago, we witnessed a wave of investment in Multi Asset Credit (or “MAC”) strategies. Not to be confused with Absolute Return or Unconstrained funds, which also experienced a surge in popularity, MAC products were marketed with a yield-boosting agenda and an eye towards upcoming rises in interest rates. In the simplest terms, they represented an exchange of interest rate risk for credit risk.

• Fees
• Private Markets
• Private Debt

Weiterlesen: Is This the Moment of Truth for Multi Asset Credit?

01. September 2017

The financial crisis ushered in a new era of unlisted infrastructure investment. Three trends - high appetite for illiquid investments, the desire to reduce equity risk exposure after the lessons of 2008 and the subsequent need for income generation in an era of low rates - converged to create a ‘perfect storm’ of demand.

• Private Markets
• Real Assets
• Infrastructure

Weiterlesen: Investing in the 'Infrastructure 3.0' Era

01. September 2017

We were recently invited by FT’s Pensions Expert to provide an article debating the potentially thorny question: Is ESG Compatible with the Rise of Passive Management? This brainteaser was born out of a plausible tension between two of this decade’s most significant trends.

• ESG
• Equity
• Impact

Weiterlesen: Is ESG Compatible with Passive Management?