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Hertz Global creditors turn to Gibson, Evercore
20 hours agoCompany working with PJT, Oliver Wyman, and AlixPartners. Hertz replaced board of director members in early October -
Private credit funds find their own version of a CLO reset
20 days ago
The private credit secondaries market has seen a rush of activity in recent years, driven by general partner-led deals. These private credit general partners can recruit private credit secondaries investors to essentially reset the clock on an older vintage fund and present an early exit option for limited partners in the existing fund -
Direct lending competition erases refinancing premium
1 year ago
Historically, new LBOs resulted in cheaper pricing, but spreads for refinancing and recapitalization deals have tightened as direct lenders face a lack of deployment opportunities
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