Loan Note: We put the spotlight on challenges in direct lending; Cliffwater weighs traded versus non-traded BDCs

Our June 2025 issues examines the stresses and strains in direct lending. Plus: Cliffwater compares public and non-traded BDCs; and Moody's lays bare the changes private credit has brought to the life insurance industry.

5 June 20257 mins read

Related articles

alt

US investors sharpen monitoring of private credit managers

12 August 2026 · 4 mins read

alt

Churchill launches capital solutions strategy: Noah Charney to lead

12 August 2026 · 2 mins read

alt

Voluntary Fed survey to weigh $1.3trn private credit market

11 August 2026 · 2 mins read

alt

SEC zeroes in on private funds valuations

11 August 2026 · 5 mins read

alt

New Jersey CIO stresses credit underwriting amid retail inflows

10 August 2026 · 4 mins read

alt

Loan Note: Key moves for Blue Owl in Japan; last call for Rising Stars

10 August 2026 · 6 mins read

alt

Hercules reports record $2.7bn originations in H1

7 August 2026 · 2 mins read