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The French debt fund manager says it has had its ‘strongest first half of the year historically'’ in deploying BRIDGE IV.
Early signs indicate the nascent asset class is proving resilient to the pandemic’s shock, its first big test.
If today’s crisis were a repeat of the GFC, lenders could use those references to guide their approach, but covid-19 has brought the world into uncharted territory.
As an example of the practice surfaces, an industry body is warning other companies not to use the covid-19 outbreak as an excuse to try and raise additional finance through flexible documentation.
In infrastructure, renewables was the top sub-sector attracting LP interest, followed by telecoms and digital infra.
The firm is on track to amass at least $3bn when it closes its two credit strategies this summer, which will invest in senior and mezzanine debt.
As equity investors deploy capital to a wider-range of assets falling outside classic definitions, how can debt providers handle the challenges and opportunities this brings?
The fund manager says it ‘continues to pursue quality infrastructure investment opportunities’ as AUM falls due to equity market declines.
Effective communication during the coronavirus pandemic will be key to safeguarding businesses and preparing for the future, writes Prosek Partners' Josh Clarkson
As in the last major crisis, non-bank lenders will be expected to displace the banks as a source of finance.
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