Some have labelled this a ‘golden age’ for private debt, but fund managers would do well to avoid complacency. Here are five threats to those in the industry.
Protected from inflation and benefiting from rate rises, infrastructure debt looks extremely well placed, says Damien Gardes, co-head of infrastructure debt at Schroders Capital.
Payment in kind is an option which, due to interest rate rises, is increasingly in demand from sponsors and borrowers. Lenders must make sure they are applied only in appropriate circumstances, say Daniel Hendon and Phil Anscombe of Proskauer Rose.