Opinion

It remains to be seen how successfully direct lending can navigate current headwinds. LPs with heavy exposures may welcome the rise of asset-based finance.

Semi-liquid private debt funds are proliferating and hold obvious appeal, but investors must be alert to the risks.

As the US raises up trade barriers, will Europe become a new land of opportunity?

‘Resilience’ is a word frequently used when describing how private debt has responded to previous challenges. How’s it shaping up in response to the current economic and political backdrop?

The region still has economic and geopolitical challenges but, with negative sentiment around the US, has an opportunity to grow its share of the private debt market.

Despite the lack of deal volume and build-up of dry powder in the sector, there remain parts of the market where borrowing needs are not being met.

Private debt is viewed as a relatively safe asset class in times of turmoil, but not all LPs are entirely sold on its merits.

Investor sentiment around private debt has proved determinedly positive, but funds have been finding the capital-raising environment tough. Did a surge in Q1 mean a corner has been turned?

There are growing indications of a new cycle in the credit market as pressure on borrowers grows and default rates rise.