Raman Kalra
The director of Fitch Ratings' credit products group in New York tackles some of the hot issues surrounding private equity structured finance
Q: There has been a surge of interest in recent years in structured finance transactions supported by portfolios of shares in private equity funds. How big is the market now and what are the drivers for growth?
A: The structured finance market in private equity consists of mainly full capital structure CFOs (collateralised fund obligations) and occasionally loans collateralised by private equity funds. At least four private equity CFOs have been issued in the last three years. The total
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