News & Analysis

Positive signals are seeing lenders look ahead to next-gen retail

Spreads on newly originated retail loans were largely stable in the third quarter, according to Trepp research.

Mubadala and Barings form $500m global real estate debt venture

The Abu Dhabi sovereign investor and MassMutual will be channeling capital through the Charlotte-based manager for US, Europe and Asia-Pacific credit opportunities.

Structured credit push: Phoenix, other insurers build exposure as First Eagle mulls fund launches

The $3.3trn structured credit market’s appeal is rising for insurers, says Phoenix’s head of private markets and a forthcoming report from US manager First Eagle Investments.

Davidson Kempner argues it’s time to pivot to asset-backed finance

As recovery rates plunge, a new report points to second-lien mortgages, European SME ABF and US equipment finance as areas of opportunity.

Is AI a bubble or is it a tech transformation?

How technological enthusiasm, even when well founded, can be a disastrous substitute for due diligence.

Loan Note: Record emerging market private debt; small businesses face bankruptcy crunch

Developing markets saw an annual record of $18 billion of private credit by the end of Q3 2025. Also, a growing number of US small businesses face bankruptcy proceedings. Here’s today’s brief for our valued subscribers only.

Default interest rates under scrutiny

The enforceability of default interest clauses has long been a critical issue for lenders and investors in the private debt market. Donna Newman and Peter Sequeira of Stephenson Harwood examine the lessons from Houssein v London Credit.

Park Square raises €722m for European Loan Partners III

The fund is part of a joint venture with SMBC and aims to have €5bn of total deployable capital.