John Bakie
John Bakie joined Private Debt Investor in November 2017 as news editor. He has spent over a decade covering a wide range of financial services including private equity, venture capital, retail investment, securities trading and asset custody.
The UK's regulator has thrown its support behind the SONIA benchmark as a replacement for LIBOR, which could have knock-on consequences for private debt documentation.
Investors are seeking out lower-risk alternatives to existing fixed income and real asset equity exposure, according to investment consultant bfinance.
The firm intends to raise €2bn by the end of the year, and said there are huge opportunities as banks continue to dispose of non-core assets.
The deal will see ARA take a majority stake in Venn and assist with its expansion.
Writing a loan referencing SONIA could help drive industry consensus on a replacement for LIBOR.
Investing in real assets has become increasingly popular, and debt funds that provide financing for real assets projects are no exception.
The mandate will establish an evergreen fund to invest in a wide variety of debt instruments including real estate debt.
Nest is targeting 5% of its £8bn in assets for private debt investments as it takes it first steps into private markets.
The UK has been a hotbed for real estate debt funds, but uncertainty over Brexit and a high level of competitiveness are taking their toll.
The programme will look to provide single loans for real estate projects in Western Europe.