Opinion

Expectations that interest rates will see further cuts this year fade as war in the Middle East continues to weigh on markets.

Lenders are starting to use SLLs for more than just operational improvements.

While the vibe at the PDI Europe Summit was largely positive, there are concerns over the asset class, though they’re not the ones currently getting most attention.

The asset class offers a vital channel to borrowers during periods of stress, argues the global head of the Alternative Credit Council.

Blackstone’s Jon Gray took on the negative headlines around the asset class last week. The importance of a staunch defence against the criticism should not be underestimated.

While the retail investor flight from private credit garners the majority of coverage, institutions are staying put.

Headline risks appear to be having a profound impact on allocations from the country.

A huge increase in government spending, increasingly positive investor sentiment and a shift from the new economy to the old – all reasons why European defence is a lender target.

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

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