Investors

Credit secondaries’ growth may lie within the asset, cashflow divide

The growth of private debt’s secondaries market has been rapid, mirroring to an extent its private equity equivalent. But greater specialisation may become a differentiating feature.

Tax Court: An LP is what an LP does (or doesn’t do)

Ruling finds that for tax purposes, a limited partner is a passive partner.

Bfinance to help wealth managers access private markets

A new service will help wealth managers to design private markets products for their high-net-worth clients.

DOWNLOAD: Fundraising decline slows as mega funds dominate

Fundraising dipped again in 2024 but large funds continue to increase their market share.

Churchill’s Anne Philpott: ‘Investors will flock to junior capital to lock in long-term, fixed rate return stability’

‘Junior capital offers delayed draw capacity, which is a critical source of funding for sponsors with buy-and-build investment strategies seeking to make post-closing acquisitions.’

Anxiety over defaults persists, but overall mood is positive

As 2025 is ushered in, investors are reasonably confident about private debt’s prospects – but concerned that some problems have been masked.

Private debt’s emerging manager problem

New GPs face a tough task to attract investor interest, but there are ways in which they can maximise their prospects.

Blockchain’s quiet takeover of private debt

Blockchain and tokenisation can help to democratise private markets, and private debt is leading the way, explains Michael Johnson of Gen II.

Article 8: The new normal for private credit?

What Article 8 classification means and why it may be important to take advantage of today’s rules before they become more strict, by Rachel Lowe and James Oussedik of Proskauer.

Renewed confidence on the fundraising trail

Accumulating new capital has been challenging over the last couple of years, but LPs now have the inclination and ability to make greater commitments.