Deals

Diversification isn’t a new concept, but in a private credit asset class where direct lending is no longer as dominant as it once was, the need to understand the nuances of different strategies is urgent. The PEI Private Credit team discusses from the New York Forum in this podcast.

Asset-based lending and term lending are coming together to meet challenges for a wide range of companies under pressure, argues Richard Gumbrecht.

Continuation vehicles backed by Pantheon will acquire a total of roughly $2bn of private credit investments.

Apollo’s $9bn minority equity deal with gas company Oneok may well divert more attention to these kinds of arrangements.

Judge Lopez sees ‘no doubt that there is cause to convert’ as there is no going concern to reorganise.

Aston Martin, makers of James Bond’s iconic car, creates a JCrew-style trapdoor – BlackRock is both beneficiary and casualty.

Clean energy debt fund’s fourth vintage alone, on first close, adds over $1bn to total; more jurisdictions widen originations pipeline.

Hysteria in the business development company market has given way to a calmer search for liquidity options.

The firm’s debut credit fund combines a senior secured risk profile with a PE-like value creation thesis, managing partner Ming Eng tells PEI Private Credit.

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.