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Secured loans market set to grow
22 July 2010
Senior secured loans likely to provide more favourable risk adjusted returns, says Alcentra study
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Alcentra
secured loans
Secured loans are poised to deliver more favourable risk adjusted returns than the market has seen for several years, says a recent study by Alcentra, a large non-bank investor that is part of BNY Mellon Asset Management. As new issue spreads widen and leverage falls, so the study forecasts "an exceptional environment for the asset class".
Secured loans, essentially debt originated by banks to finance ventures such as private equity sponsored leveraged buyouts, have become increasingly attractive to investors as security...
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