News & Analysis

Morgan Stanley raises $2bn for North Haven Tactical Value II Fund

NHTV operates as a special situations fund, occasionally delving into asset-backed finance.

Black Diamond sues for control over Del Monte

Loan originator acts on behalf of as-yet unnamed lenders, in response to J Crew style restructuring.

Orlando Bravo: ‘Time is ticking, pressure is mounting to both buy and sell’

‘The cash that is sitting in private equity will have to be put to work,’ the Thoma Bravo co-founder said in this NEXUS 2025 preview interview. ‘Capital needs to be returned to LPs.’

Loan Note: Reflections from Munich on economic challenges; MFA defends private debt transparency

Economic pressures are challenging borrowers, but private debt continues to gain market share. Plus: why the asset class is more transparent than some think; and Eldridge offers liquidity solution to Blue Owl.

Private credit still runner-up to PE, LPs say

LPs want more centralised data, are bullish on dealmaking in 2025, but unsatisfied with returns.

Credit now Blackstone’s largest business

Credit’s $21.4bn in inflows accounted for over half of its total fundraising during the third quarter.

Debt’s evolution has fuelled growth, but may invite regulatory scrutiny – Moody’s

Tapping individual investors provides new sources of fundraising but also regulatory scrutiny, Moody’s warned in a report.

Chipping away at the maturity wall

A revived syndicated market and glut of refinancings appear to be challenging notions of problem loans engulfing the market in the years ahead.

Loan Note: Banks pour cash into private credit while also growing market share

Banks are providing private credit managers with more capital as the relationship between the two become more collegiate. Banks might also start to increase their market share again, according to one PDI Germany Forum speaker.