News & Analysis

The next wave of private debt is just starting to build – and it’s called asset-based lending. But supply of GPs is not yet keeping pace with demand from LPs.

Artificial intelligence tipped to be the saviour of ESG investing; KKR thinks insurers’ shift to alternative assets is permanent; and why borrowers have gone from public market to private (and back again).

The financial giant has become the latest firm to get in on the growing GP-led advisory space.

High interest rates have made the cost of capital expensive and have led buyers to view certain assets as worth less than sellers’ asking prices.

A brief truce between the asset manager and rival start-up Corinthia has broken down, with motions to dismiss a Barings lawsuit filed.

Fitch sees problems ahead for debt facilities dependent on PE exits; Permira notes a return to mid-market deals; and Carlyle teams up with Sungage in the solar sector.

The US-based pension fund has backed a senior debt strategy.

The New York-based manager aims to tap into credit opportunities arising outside of the US.

Lenders accustomed to the ultra-low rate environment have had to adjust quickly to very different circumstances.