PRIVATE DEBT

Ardian and Tikehau maintain selectivity discipline as Europe’s private debt market continues to grow

Ardian and Tikehau maintain selectivity discipline as Europe’s private debt market continues to grow

According to a recent Deloitte report, the global private debt market could reach USD1.4 trillion by 2023, thus making it the third largest alternative asset class (after hedge funds and private equity). This is an asset class that has really come of age over the last decade, as private debt managers stepped in on the back of the ’08 global crash to address some of the liquidity squeeze. And Europe in particular has substantially benefited, allowing leading players such as Tikehau Capital and Ardian to build substantial platform businesses to service the European middle-market.

INVESTING

How smaller managers are navigating the evolving investment landscape

How smaller managers are navigating the evolving investment landscape

Traditionally, allocators and investors often eschewed smaller, specialist hedge funds in favour of the firepower offered by larger brand-name managers. But as many smaller funds have posted outsized gains in recent years – while well-established marquee names experienced decidedly mixed performances – many at the forefront of the industry are detecting a potentially decisive shift in investor sentiment.