The Blog

Musings on corporate finance, fund raising, debt capital and other matters

A broad term to describe the proliferation of channels, companies and instruments that have emerged outside the realm of the traditional financial system. It is most commonly associated with companies operating in the peer-to-peer space, such as peer-to-peer lending and crowdfunding. Often called “shadow banking” or “non-bank funding”.

A path to growth in special and stressed situations

In the wake of House of Fraser’s fall into administration this month, its suppliers have been left with a sizable hole to fill following the restructuring of the department store’s debt. This is one example of a recent glut of household-name retailers failing due to changing market conditions, while the collapse of Carillion ...