GUEST ARTICLE

Emerging markets restructurings provide a “triple play” opportunity for investors

Emerging markets restructurings provide a “triple play” opportunity for investors

By Gregory Bowes, co-founder and managing principal and Irene Rivera Calderón, associate at Albright Capital – Thoughtful investors will want to pursue investment strategies that can potentially achieve the equivalent to baseball’s rare “triple play,” ie, (i) attractive risk-adjusted returns, (ii) portfolio diversification benefits, and (iii) positive social impact. Providing restructuring support and/or private credit to EM companies suffering from macro events outside of their control may be such a strategy.

RESEARCH

Private credit managers to provide more than USD100bn of financing during 2020, says ACC

Private credit managers to provide more than USD100bn of financing during 2020, says ACC

Private credit managers will provide more than USD100 billion of financing during 2020 as economic uncertainty and low interest rates are reducing the attractiveness of traditional fixed income assets, according to research published by the Alternative Credit Council and Allen & Overy.  

INTERVIEW

Leveraged loan defaults rise but cash-flow coverage should avert US credit crash…for now

Leveraged loan defaults rise but cash-flow coverage should avert US credit crash…for now

The second quarter of this year saw two potentially worrying trends in US corporate credit: the number of public filers carrying debt of more than 7x going into Q3 had risen to 35 per cent (compared to 14 per cent in Q4 2018), while the percentage of leveraged loan defaults rose sharply from 2 per cent at the start of the year to north of 4 per cent, by March.

GUEST ARTICLE

Technology can counter investor conservatism

Technology can counter investor conservatism

“For too long the best investments have been out of reach, even for the majority of sophisticated investors. Investment technology platforms can democratise access to private investments, helping investors to build more diverse, resilient, and higher performing investment portfolios,” says Kinson Lo, founder of London-based online investment platform Dot Investing. In this op-ed Lo explains how he believes tech can streamline the investment process and why it's particularly important during times like these.

THE NEW NORMAL

"Q4 to be pretty robust with deal flow, with some potential choppiness in and around the election": Q&A with Kris Ring, debt finance equity partner at Goodwin Procter

"Q4 to be pretty robust with deal flow, with some potential choppiness in and around the election": Q&A with Kris Ring, debt finance equity partner at Goodwin Procter

Kris Ring, debt finance equity partner at Goodwin Procter in Santa Monica, on the relationship between PE firms and direct lenders during the pandemic, the ways this downturn has been different to previous downturns, how the upcoming election will impact business in the US, and what a potentially contested election result could mean for market volatility.