Allianz Global Investors’ Post

As private credit continues to rise, my colleague Augusto Sasso, Global Head of Capital Markets, spoke to Transacted earlier this year about why it is here to stay. #privatecredit #staplefinancing #capitalmarkets Click here to read more: https://bit.ly/3RL9EHx

Good to see everyone in Miami for another successful Fund Finance Association Global Symposium. Some notable key notes from this year’s event: -Expectations of growth in NAV and Hybrid Facilities to meet ongoing investor liquidity requests -Increased demand for warehousing partners to support fundraising, seeding investment portfolio’s ahead of first close and post first close, for both onshore and offshore investors -Delays in finalizing traditional fund financing facilities (i.e. Subscription, NAV, ABL Financings) leading to increasing need for shorter-term lending partners to assist with financing deal pipeline, bridging to term facility closing. Adam Shepherd Ramya Gopalakrishnan Eli Nafisi Pratap Dasgupta Ram Rao JEREMY TAN Ramon Bauza Olivier Delille Daniel Donnelly Ev Storoja #fundfinance #privatedebt #privatecredit

Recently, I had the pleasure of participating on a panel discussion at Fund Finance Association ‘s 13th Global Symposium, which brought together over 2000 investors, fund managers, bankers and lawyers within the fund finance industry. Some key takeaways from the conference are: Increased growth in secondaries volume in 2024 as the underlying volume drivers - difficult exit environment, longer hold period for assets and high investor demand for liquidity – remain unchanged. Increased participation in the market from non-bank lenders. Decrease in frequency of deferrals for both LP and GP secondary transactions as compared to 2023. Pratap Dasgupta I Steven Mansy I Daniel Toblib | Jeannie Kim, CFA #fundfinance #secondaries #privateequity #ffa #nav

Managing Partner Rene Canezin recently sat down with Paola Aurisicchio at LSEG (London Stock Exchange Group) to discuss how private credit is increasingly tapping into the wealth management channel to broaden fundraising efforts beyond institutional investors as more investors continue to look to access private credit. Rene notes, "What has changed over the last few years is that the market has now developed products targeting wealth investors by providing them liquidity, although [liquidity is] still limited.” For the full piece, read here: https://shorturl.at/uwCM0  

Alex Di Santo, Head of Private Equity, Europe recently shared with Kathryn Gaw for Alternative Credit Investor, his insights on how the rapid growth of the direct lending market highlights the role of expertise and robust networks in achieving success. Read the full article here: https://lnkd.in/gfbDagS3 #DirectLending #PrivateCredit #FundAdministration

In this week’s Global Credit Weekly we take stock of the recent pattern in sponsor-related M&A, which has been more muted relative to strategic transactions. In our view, this is largely a function of the different motivations behind each type of deal-making. A more normalized environment for private equity (PE) exits should allow for additional private debt deployment opportunities, as the private debt industry is a strong financing partner for PE activity. Recent commentary from some large U.S. investment banks has been encouraging on this front (although the recovery in sponsor-related M&A is still likely in its early stages). Please see the most recent Global Credit Weekly for more: https://1blk.co/4d6kD6z For Institutional Investors Only

We are delighted to share that Elena Rinaldi, CFA, from our Asset-Backed Securities team, has been appointed as Co-Chair of the European Leveraged Finance Association’s CLO Investor Committee. The committee provides a forum for members to identify and respond to CLO investors’ requirements, facilitate discussion on general market progress and key issues, and contribute to the regulatory dialogue on the asset class. Elena will be co-chairing the committee alongside Denis Struc, a Portfolio Manager on Janus Henderson Investors’ Secured Credit Team and co-manager of their Asset-Backed Securities and Global Short Duration Credit strategies. https://okt.to/TdC508 #clo #securitisation #AssetBackedSecurities

As the private credit market evolves, staying ahead is crucial for success. In the "The Race for Capital: Strategies & Product Offerings Attracting LPs" session, key industry professionals will discuss the strategies and approaches that are working in attracting investors – both those on the institutional side and those on the retail side. Join us to harness invaluable insights and connections that will propel your advancement in private credit. Secure our early bird rate before April 1: https://lnkd.in/edP-YA76 #WPCreditS2024 #privatecredit #womeninvesting

We are delighted to share that Elena Rinaldi, CFA, from our Asset-Backed Securities team, has been appointed as Co-Chair of the European Leveraged Finance Association’s CLO Investor Committee. The committee provides a forum for members to identify and respond to CLO investors’ requirements, facilitate discussion on general market progress and key issues, and contribute to the regulatory dialogue on the asset class. Elena will be co-chairing the committee alongside Denis Struc, a Portfolio Manager on Janus Henderson Investors’ Secured Credit Team and co-manager of their Asset-Backed Securities and Global Short Duration Credit strategies. https://okt.to/EexBJN #clo #securitisation #AssetBackedSecurities

We are delighted to share that Elena Rinaldi, CFA, from our Asset-Backed Securities team, has been appointed as Co-Chair of the European Leveraged Finance Association’s CLO Investor Committee. The committee provides a forum for members to identify and respond to CLO investors’ requirements, facilitate discussion on general market progress and key issues, and contribute to the regulatory dialogue on the asset class. Elena will be co-chairing the committee alongside Denis Struc, a Portfolio Manager on Janus Henderson Investors’ Secured Credit Team and co-manager of their Asset-Backed Securities and Global Short Duration Credit strategies. https://okt.to/LA7YEG #clo #securitisation #AssetBackedSecurities