Current Trends and Issues in Hedge Fund Direct Lending

At Morgan Lewis’ recent Advanced Topics in Hedge Fund Practices conference, Morgan Lewis partners Marion Giliberti Barish and Matthew Edward Schernecke discussed the mechanics of investments in syndicated loans; opportunistic and defensive lending; common risks associated with direct lending; and recent trends in direct lending. This article highlights the key takeaways from the presentation. See our two-part primer on compliance issues for credit strategies: “Key Credit Concepts and Risks in Credit Investing” (Apr. 4, 2019); and “Additional Risks in Credit Investing” (Apr. 11, 2019); and our two‑part series “Ropes & Gray Survey and Forum Consider Credit Fund Structures, Leverage, Conflicts of Interest and Challenging Environment”: Part One (Jul. 19, 2018); and Part Two (Jul. 26, 2018).

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