Deep Dive

The growth of continuation vehicles, evergreen funds and securitisation are contributing to the changing face of the fund finance market.

Scrutiny over software, BDC liquidity diverting managers’ attention back to what could be a $20trn market.

Insurers ventured into alternative credit for yield and diversification, but the question of whether the risks are appropriate remains unsettled

As North American private credit reels from scathing headlines, Europe appears relatively insulated. Have the asset class’s two most important regions gone their separate ways?

There appears to be a disconnect between critical commentary in the mainstream press and private debt’s enduring appeal to investors. PDI gauges LP opinion.

The moment alternatives managers have awaited for years is finally here – but the push for retail assets will not be as straightforward as some might assume.

The Ohio-based concern’s term loans were primarily underwritten and syndicated by investment banks.

With a wide range of strategic options, it may seem counterintuitive that last year saw LPs doubling down on well-established direct lending exposures. For many of them, committing capital to new areas is not as straightforward as it may seem.

Pockets of distress in the consumer sector may result in restructurings in 2025.

Headline default rates in private debt may be just the tip of the iceberg, with plenty of other dangers lurking in the dark below the surface.