• Investing in Renewables: Navigating the Transition

    Once a small niche of the infrastructure asset class, renewable energy investing has exploded in size and maturity with a universe of over 50 managers offering strategies dedicated to the

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  • Manager Selection and the #FakeInfra Debate

    For institutional investors thinking about LISTED INFRASTRUCTURE, particularly in light of the still-heated “#FakeInfra” debate, three questions are high on the agenda.

  • Sector in Brief: Private Market Secondaries

    Secondaries are changing. As investor capital has flooded towards illiquid asset classes, one outcome has been a transformation in the secondary markets. Before, secondaries were predominantly a

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  • DNA of a Manager Search: Infrastructure

    The latest edition in bfinance’s biennial Investment Management Fees series. New analysis highlights areas where investors may be able to benefit from pricing trends, with ESG/Impact at the

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  • Rethinking Real Assets

    While the post-GFC phase was marked by diversification towards real assets, recent years have seen greater emphasis on diversification within real assets. How beneficial is this type of

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  • Direct Lending: What’s Different Now?

    The pile of dry powder chasing corporate direct lending has never been higher. Yet, with rising risks, a deep understanding of what’s under the bonnet is increasingly vital to successful

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  • Sector in Brief: Agriculture and Timberland

    Timberland is a relatively established, albeit small, asset class. In the past three years, however, a distinctive new group of agriculture funds have come onto the scene, encouraged by investor

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

    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

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  • Is This the Moment of Truth for Multi Asset Credit?

    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

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  • Trade Finance: Sector in Brief 2017

    For many investors, trade finance appeared on the radar as a potential opportunity in 2012-15. Yet those who were interested encountered significant challenges, including a severe lack of data, a

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  • Investing in the 'Infrastructure 3.0' Era

    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

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  • Investment Management Fees: New Savings, New Challenges

    The latest edition in bfinance’s biennial Investment Management Fees series. New analysis highlights areas where investors may be able to benefit from pricing trends, with ESG/Impact at the

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  • Unitranche Debt - Why Does the Evolution Matter?

    Unitranche debt / loans, which increasingly dominate European private debt funds and also play a key role in the US market, were only invented a decade ago. GE and Allied Capital (later Ares)

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  • DNA of a Manager Search: ESG in Private Debt

    Throughout 2016, innovative ESG-focused pension funds have sought ways to integrate sustainability factors in asset classes where these considerations are not necessarily mainstream.