News & Analysis

S&P, Moody’s say resilient borrowers entered a vulnerable window in Q1

Two reports agree on the challenges and apparent ‘calm’ of 2026, but suggest different views of what comes next.

BDC redemptions climb higher than 2022 but rebound is on the cards

BDC redemption rates have increased sharply due to numerous macroeconomic issues and uncertainty around the impact of AI, but this could precede a rebound in credit fortunes.

Twilight zone: how LPs are learning to decipher the warning signs of zombie firms

In an era of proliferating zombie funds, the best way to survive the undead is to spot them before they stop breathing.

Shamrock Capital holds final close on $813m media, entertainment fund

The latest vintage of the series, which previously held rights to Taylor Swift’s catalogue, continues its focus on acquiring cashflow-generating assets.

Private debt fundamentals remain strong amid disruption: Aware Super, ART

Speaking at a PEI Investor Council event in Sydney, the superfunds said their debt portfolios were performing well and that recent high-profile fund redemptions did not change market fundamentals.

Loan Note: BDC redemptions exceed inflows; private credit defaults at record high

BDC woes continue as redemptions exceed inflows according to new research. Private credit defaults have also reached their highest recorded level, says Fitch. Here’s today’s brief for our valued subscribers only.

Flipping the script on interest rates

Expectations that interest rates will see further cuts this year fade as war in the Middle East continues to weigh on markets.

Europe falls flat in fundraising

Despite more positive attitudes towards Europe as an investment destination, fundraising in the region remains low.

Barings raises $19bn for global direct lending platform

The global direct lending platform is comprised of around 10 vehicles across a variety of structures.