Loan Note

The LSTA sets its sights on private credit. Plus: KBRA expects default rise in Europe; and Blackstone finds financial advisers embracing the asset class.

Inside our latest coverage of the opportunistic and distressed market – all the key trends and dynamics. Plus: Capital Four and CVI make fundraising advances; and Monroe completes Wendel/AXA partnership.

BlackRock teams with fintech companies to bridge public and private markets. Plus: Hayfin in commercial real estate purchase from Oaktree; and private credit among popular investment options for UK investors.

Former CalPERS CIO Nicole Musicco is planning a $1 billion mid-market lending platform. Briarcliffe looks at six reasons LPs are demanding private credit over private equity.

TPG, iCapital launch new interval fund. Plus: Hamilton Lane adds new evergreen ELTIF fund; and a restructuring hire for Cadwalader.

Goldman teams up with Saudi Arabia’s PIF, while DWS and Deutsche Bank also join forces. Plus: Aegon gains approval for a UK LTAF; and no sign of pressure on managers’ fees.

At NEXUS 2025, LPs and GPs outlined their pain points. Plus: new heads at KKR insurance unit General Atlantic; and Brigade closes its first new issue CLO of the year.

At NEXUS 2025, LPs are accepting of uncertainty. Plus: BlackRock charts the increasing interactions between banks and private credit firms; and M&G launches credit-focused LTAF.

We take a deep dive into a selection of private debt strategies. Plus: Apollo’s ATLAS supports US aviation firm; and surveys optimistic about returns and fundraising.

The UK’s Phoenix Group is at the forefront of using private markets as a performance driver. Plus: Configure survey identifies key traits in a borrower-friendly lending market; and Blackstone makes new senior hire.