Private Equity

BlueBay chief sees ‘lack of discipline’ among debt funds

The asset manager closed its latest European senior loan fund in July with more than €3bn

BlueBay chief sees ‘lack of discipline’ among debt funds

Some alternative lenders are losing their discipline amid fierce competition for deals, potentially putting investor capital at risk, according to a senior executive at BlueBay Asset Management.

Anthony Fobel, a managing partner in the private-debt group at BlueBay, said a proliferation of credit funds competing for the same investments — particularly at the lower end of the market—is forcing some firms to strike riskier deals.

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