A Sept. 18 article published by International Financing Review titled “Covid splits private debt lenders into haves and have-nots” examines the impact of the coronavirus pandemic on private debt lenders. The piece includes insights from asset management partner Jason Kolman on how some LPs must also contend with investments in funds nearing the end of their life that contain troubled assets. Fund managers typically face pressure to sell assets once a fund’s term ends, which can lead to loans being sold at losses. “We’re seeing some managers that are considering term extensions or flexibility [on that],” said Jason. “I think investors have been willing to listen to that. They don’t want to be in a position where managers have to sell assets in a fire sale.”
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