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Private Debt – The Unrelenting Rise Of An Asset Class

Permira Debt Managers

Private debt has only recently been considered an asset class in its own right, and the term covers a range of different investment styles and strategies. PDM funds have been investing in European private credit for more than a decade. Founded in 2007 as the private credit business of Permira, the business today has Assets under Management (“AUM”) of c.€9bn and a team of over 50 professionals. PDM focus on three synergistic strategies: direct lending (PCS funds), structured credit (Sigma funds) and CLO management (Providus funds).

 

PDM believes that this depth and breadth of experience makes it one of the leading specialist private credit investors in Europe. PDM has worked with more than 200 companies as well as a significant number of private equity sponsors, management teams and advisors since its establishment. The business is embedded in the European private credit market and has established a strong reputation as a trusted and supportive partner to businesses and private equity sponsors seeking debt financing.

 

Please let us know your thoughts on Private Credit as an asset class by taking our short survey .

 

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Income-hungry investors beware: coronavirus fallout makes High Yield even higher risk

“Value investing is dead! Warren Buffet knows nothing! Long live drawing random Scrabble tiles out of a bag to pick stocks!”

So says day-trading Twitter star Dave Portnoy and his army of fellow sports fans-turned stock speculators. Portnoy’s logic? Stocks always go up, courtesy of Federal Reserve stimulus.

NEWS & ANALYSIS

BUY GOOD COMPANIES. AND OWN THEM FOREVER

Buy good companies. And own them forever. As investment approaches go, it is seductively simple. In a financial world that often looks confused, and in places absurd, buying and holding a portfolio of high-quality companies has evident appeal. Ten years into a bull market, the approach is back in vogue. Owning high-quality equities has worked well over the past 20 years. However, from today’s starting point – with high valuations, and a cosy consensus around the business fundamentals – these high-quality stocks look unappealing. Are these supposedly ‘safe’ stocks now, counterintuitively, one of the least attractive parts of the market? Duncan MacInnes

Across many developed economies, the prevailing economic and financial policy framework – what we’ll call the Box – is failing to deliver for much of the adult population. The mood is ripe for a policy revolution, a new monetary settlement. When the Box is blown up, inflation objectives will lose their privileged position. Fiscal orthodoxy will be abandoned. This will demolish the pillars on which so many investment strategies are built.

Across many developed economies, the prevailing economic and financial policy framework – what we’ll call the Box – is failing to deliver for much of the adult population. The mood is ripe for a policy revolution, a new monetary settlement. When the Box is blown up, inflation objectives will lose their privileged position. Fiscal orthodoxy will be abandoned. This will demolish the pillars on which so many investment strategies are built.

We’ve heard a lot about how the coronavirus has made an impact across the fintech realm, but what about in the crypto space? With an unstable stock market, why weren’t investors fleeing to alternative, blockchain-based assets?

We’ve heard a lot about how the coronavirus has made an impact across the fintech realm, but what about in the crypto space? With an unstable stock market, why weren’t investors fleeing to alternative, blockchain-based assets?

We’ve heard a lot about how the coronavirus has made an impact across the fintech realm, but what about in the crypto space? With an unstable stock market, why weren’t investors fleeing to alternative, blockchain-based assets?

We’ve heard a lot about how the coronavirus has made an impact across the fintech realm, but what about in the crypto space? With an unstable stock market, why weren’t investors fleeing to alternative, blockchain-based assets?

Features

Income-hungry investors beware: coronavirus fallout makes High Yield even higher risk

“Value investing is dead! Warren Buffet knows nothing! Long live drawing random Scrabble tiles out of a bag to pick stocks!”

So says day-trading Twitter star Dave Portnoy and his army of fellow sports fans-turned stock speculators. Portnoy’s logic? Stocks always go up, courtesy of Federal Reserve stimulus.

Ever since we started in 1994, we have written an investment review, garnished with a cartoon, and filleted by compliance for political incorrectness. In normal times, it appears shortly after the quarter end. Amid the fireworks of COVID-19, it is appearing now, in early June, rather than waiting for early July.

Ever since we started in 1994, we have written an investment review, garnished with a cartoon, and filleted by compliance for political incorrectness. In normal times, it appears shortly after the quarter end. Amid the fireworks of COVID-19, it is appearing now, in early June, rather than waiting for early July.

Family Office

Ever since we started in 1994, we have written an investment review, garnished with a cartoon, and filleted by compliance for political incorrectness. In normal times, it appears shortly after the quarter end. Amid the fireworks of COVID-19, it is appearing now, in early June, rather than waiting for early July.

Ever since we started in 1994, we have written an investment review, garnished with a cartoon, and filleted by compliance for political incorrectness. In normal times, it appears shortly after the quarter end. Amid the fireworks of COVID-19, it is appearing now, in early June, rather than waiting for early July.

World order has never been so complex for investors. The US and China have entered a new phase of long-term strategic global competition. America has moved decisively from engagement to containment of China’s technological, economic and military power. Globalisation has created new arenas for renewed ‘Great Power’ competition: financial markets; cyber and outer space; technology; the corporate world. As world order bifurcates, investors are on the front line.

World order has never been so complex for investors. The US and China have entered a new phase of long-term strategic global competition. America has moved decisively from engagement to containment of China’s technological, economic and military power. Globalisation has created new arenas for renewed ‘Great Power’ competition: financial markets; cyber and outer space; technology; the corporate world. As world order bifurcates, investors are on the front line. 

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