News & Analysis

The virtuous circle: energy and digital infrastructure

Houlihan Lokey’s paper offers the theory as Nvidia strikes deals with investment managers that illustrate the practice of AI infra buildout to the tune of $500bn.

Loan Note: New platform PEI Private Credit launched; LP thoughts on fund-level leverage

In today’s edition, Welcome to PEI Private Credit and our brand new platform. Also, what do LPs think about fund-level leverage in private credit? Here’s today’s brief for our valued subscribers only.

US investors sharpen monitoring of private credit managers

During a PEI Group webinar, private debt LPs outline how they are responding to market volatility and growing dispersion of manager performance, with some increasingly wary of the sponsored direct lending space.

Churchill launches capital solutions strategy: Noah Charney to lead

Manager anticipates an exclusively PE-sponsored, mid-market portfolio of high-quality companies that need some extra support.

Voluntary Fed survey to weigh $1.3trn private credit market

The Dallas and New York Federal Reserve banks are seeking insights into the market, amid concerns about its health.

SEC zeroes in on private funds valuations

Examiners ask about funds by name in opening requests. Enforcement has picked up the scent, too, Private Funds CFO has learned.

Fund DPIs down from post GFC heyday

Median fund DPI has declined since the early days of private credit, according to PEI Group data.

New Jersey CIO stresses credit underwriting amid retail inflows

The $85bn pension system is scrutinising collateral quality and documentation in private credit funds as it evaluates re-ups and new manager relationships

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

Blue Owl makes senior appointments in Japan. Plus: Nigerian fund beats target; Fund Finance recruits from BofA. Here’s today’s brief for our valued subscribers only.

Hercules reports record $2.7bn originations in H1

Amid general decline in originations, tech lender’s CEO credits firm’s relationships, discipline and support for its growth borrowers.