Analysis

LPs expect PE’s fundraising woes to deepen amid tariff volatility

Investors believe uncertainty caused by US President Donald Trump’s tariff policies could postpone a thaw in exit markets, compounding existing fundraising challenges.

Tariff uncertainty raises interest in ABL strategies

Some LPs say they haven’t made the move yet, but a large fundraise implies many already have.

Tariff turmoil raises the spectre of 2008

Monroe’s Koenig worries over possibility we’re seeing ‘a seminal moment’.

KBRA speaks of lender resilience in three reports

Companies with direct tariff exposure – those that must buy from global sources hit by tariffs – are the obvious candidates for debt default.

LPs slow their pace: ‘Nobody is getting fired for taking things slowly right now’

Contrary to a report in the Financial Times earlier in the week stating that the turmoil is spurring large institutional investors to explore selling out of private market positions, most LPs are not likely to make such reactionary decisions to sell at steep discounts.

MSCI: Private debt faces fundraising slowdown risk

While a tangible decline has yet to surface, prolonged sluggish fund performance predicts a negative trend.

Pantheon raises $5.2bn for third credit secondaries programme

The strategy, one of the largest of its kind, closes amid ample opportunities in seasoned funds.

Carlyle-backed insurer completes $4bn annuity reinsurance deal

The transaction is Fortitude’s sixth in Japan, and brings its originations to $8bn in 2025.

Fitch: US private credit default rate hit 5.7% in February

Healthcare has been a problematic sector, with a default rate of 7.5%.