Opinion

Liquidity seekers might just need a different vehicle

While there appears to be investor support for greater convergence of public and private debt, fund structuring issues need to be resolved.

JPMorgan fuels fears of wider bank retreat

Private credit funds risk having fewer options for liquidity than before if other banks follow the Wall Street mainstay’s lead.

Stress in private credit funds is stalling efforts to widen retail access

Runs draw down political capital, as examiners step up focus on disclosures, possible conflicts and valuation of funds.

The AI route to improved underwriting

Traditional metrics may be usurped by new technology, a report suggests.

BDC redemptions – déjà vu all over again

We’ve seen this movie before, but that was before private credit became a household term.

Fairfax times the cycle with a bet on a manager intent on scaling its credit business

Kennedy Wilson has steadily built its real estate debt platform alongside its global equity presence ahead of its privatisation by the Canadian insurer.

The increasing visibility of stress

The BDC market provides a window into more challenging conditions, while maturity walls may force restructurings.

Performance data provides clues to LP sentiment

Investors are not without concerns but are happy to keep increasing their private debt allocations.

Why BDC troubles might be hard to shake off

The business development company market in the US is already coming under pressure – and a high exposure to the software sector may make things worse.

Jirí Król: The next test in regulation is scale and underwriting in a diversifying arena

Private credit’s scale looks less like the beginning of the end and more like the end of the beginning.