| Demand from sovereign wealth funds seeking higher returns than those on mainstream bonds is helping drive a boom in specialist private debt vehicles that can provide loans for everything from aircraft leasing to lawsuit financing.
Such specialist funds make their returns in a number of ways, including lending to small and medium-sized firms, investing in distressed assets or by providing infrastructure project finance. Once a niche sector, the private debt industry's assets under management swelled to an estimated $523 billion as of last June from $483 billion at the end of 2014, according to research provider Preqin in the latest data available...............................................Full Article: Source |