Over the past years, private debt has clearly become a very attractive class of assets on the radar of many investors. Private debt has always been a good diversification tool compared to traditional asset classes. On top of that, the last Covid period proved that this investment strategy, and alternative investment as a whole, demonstrated a high level of resilience and/or growth during those troubled market times.
With the government reducing and slowly putting an end to their stimulus programme, private debt should play a key role in the future financing of our real economy. Hence the interest of LPs for the 3rd alternative asset class should not disappear and would even be reinforced. Businesses (especially SMEs) need bridge financing in order to survive the crisis, as well as guidance and expertise to navigate the current economic environment. Private credit managers are well-positioned to benefit from this.
That being said, it is important to demystify private debt: what is a private debt fund? How is it structured: tax wise - operationally wise? What are the key concepts about fair valuation, GAAP optionality? How can they be structured? How to administer them?
In close collaboration with PwC's subject matter experts, PwC's Academy has designed a debt funds training curriculum that accurately answers all those questions and many others. It will help you better understand this specific private debt industry raising more and more capital and interests from investors.
Debt funds curriculum
6 complementary building blocks
Please click on the links to get further details about each building block's contents or to register for a session.
The training curriculum is designed around 6 complementary building blocks:
- The 'Debt funds: current market and trends' (1h30) will help participants understand the origins of private debt, its role in the economy and its potential future development.
- The 'Debt funds: accounting considerations' (1h30) will help participants understand accounting options available in Luxembourg as well as their implication in terms of processes, governance and disclosure.
- The 'Debt funds: tax and regulatory impacts' (1h30) will help you get more familiar with the tax complexity linked to debt funds. You will be able to dive within ATAD requirements and international tax matters.
- The 'Debt funds: investors reporting (tax and regulatory)' (2h30) will help you understand more specifically the requirements of investor tax reporting depending on the investor and fund profiles.
- The 'Debt funds: risk management, governance and best market practices/hot topics' (1h30) will make you understand the best market practices for private debt products as well as future development of the market in terms of product and regulation.
- The 'Alternative assets valuation and valuation oversight: debt funds' (3h) will make you understand the key principles of valuation for private debt instruments, along with the different valuation methodologies.
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