News & Analysis

Rates and risk impact private credit valuations

Are there systemic and valuation risks in the private credit market? VRC’s John Czapla investigates.

Loan Note: Challenges confronting the BDC market; defaults escalate but no cause for alarm

The BDC market is facing economic and interest rate headwinds; private credit’s default rate goes up, but remains modest; and Cheyne moves back into SRT market with key hire.

LACERA commits $250m to Orion Resource partners

LACERA commits $250m in total to Orion Mine Finance Fund IV and its Co-Investment Fund.

DOWNLOAD: Q1 fundraising hits 8-year low

Fundraising activity sunk to its lowest since 2016.

SNC report shows steep rise in US troubled loans

The Shared National Credit Program has clocked a 38% increase in ‘non-pass’ loans to $572bn; Marblegate sees opportunity.

Manulife IM targets APAC wealth channel with evergreen credit offering

Raising capital from wealthy individuals requires ‘a lot of support, a lot of handholding, a lot of guidance, a lot of education’, senior managing director Alex Catterick tells PDI.

Loan Note: Three key takeaways from our PERE Europe event; different views of private credit returns

Notes of calm at our PERE Europe event; views diverge on private credit returns; and DWS moves into capital solutions.

Debt powers Blackstone’s inflows in Q1

Credit, insurance and real estate debt accounted for more than 60% of the manager’s first quarter haul.

DOWNLOAD: Most LPs underweight on private debt

More than half of institutional investors are underallocated to private credit.