Private debt investors are increasingly turning towards US opportunities. Yet the structures used by managers can create substantial undisclosed leakage for clients.

The quest for diversification plus returns is not an easy one in today’s investment climate: many strategies that provide low correlation with equities are falling short on performance. The

Inspired by risk parity strategies and illiquid-focused endowments, Australia’s second largest superannuation fund is pioneering a radically different approach.

The declining number of covenants in private debt transactions has provoked concern among investors and industry commentators alike. 

Noting a rise in client demand for REITs, we explore some of the recent developments in this sector and highlight key implementation considerations.

Which bfinance papers and articles received the highest number of views and downloads in 2019?

Once a small niche of the infrastructure asset class, renewable energy investing has exploded in size and maturity with a universe of over 50 managers offering strategies dedicated to the

For institutional investors thinking about LISTED INFRASTRUCTURE, particularly in light of the still-heated “#FakeInfra” debate, three questions are high on the agenda.

Secondaries are changing. As investor capital has flooded towards illiquid asset classes, one outcome has been a transformation in the secondary markets. Before, secondaries were predominantly a

The latest edition in bfinance’s biennial Investment Management Fees series. New analysis highlights areas where investors may be able to benefit from pricing trends, with ESG/Impact at the

While the post-GFC phase was marked by diversification towards real assets, recent years have seen greater emphasis on diversification within real assets. How beneficial is this type of

The pile of dry powder chasing corporate direct lending has never been higher. Yet, with rising risks, a deep understanding of what’s under the bonnet is increasingly vital to successful

Timberland is a relatively established, albeit small, asset class. In the past three years, however, a distinctive new group of agriculture funds have come onto the scene, encouraged by investor

Amid the latest round of Direct Lending fundraising, a disturbing theme has started to emerge. Many managers, it seems, are rather keen to lower their hurdle rates – the point at which lucrative

Three years ago, we witnessed a wave of investment in Multi Asset Credit (or “MAC”) strategies. Not to be confused with Absolute Return or Unconstrained funds, which also experienced a surge in

For many investors, trade finance appeared on the radar as a potential opportunity in 2012-15. Yet those who were interested encountered significant challenges, including a severe lack of data, a

The financial crisis ushered in a new era of unlisted infrastructure investment. Three trends - high appetite for illiquid investments, the desire to reduce equity risk exposure after the lessons

The latest edition in bfinance’s biennial Investment Management Fees series. New analysis highlights areas where investors may be able to benefit from pricing trends, with ESG/Impact at the

Unitranche debt / loans, which increasingly dominate European private debt funds and also play a key role in the US market, were only invented a decade ago. GE and Allied Capital (later Ares)

Throughout 2016, innovative ESG-focused pension funds have sought ways to integrate sustainability factors in asset classes where these considerations are not necessarily mainstream.