News & Analysis

Bank of England confirms private market stability test details

The UK’s central bank has published details of its upcoming stress test of private credit markets and confirmed some of the firms taking part.

European unitranche activity steady in Q3

Debt funds continue to lead the market, says Houlihan Lokey’s midcap monitor.

Arcmont surfs the direct lending refinancing wave

Capital solutions heads Alice Cavalier and David Brooks are thinking beyond short-term cycles to support business that are ‘unloved… but good credits’.

Jirí Król: The IMF is ignoring the best policy lever

The body’s focus on expanding regulation of private credit funds is misplaced and inconsistent with prudential logic.

Smoke signals: Lessons from First Brands and Tricolor

The spotlight should be on due diligence as recent company failures raise questions about the scale of problems facing private debt, writes Matthias Kirchgaessner.

CalPERS looks to expand emerging managers programme

Peter Cashion, managing director for sustainable investments at the Californian state employees’ pension plan, is encouraging the real assets and private debt teams to engage with more emerging and diverse fund managers.

Questions linger as Wall Street readies for 401(k) blitz

The moment alternatives managers have awaited for years is finally here – but the push for retail assets will not be as straightforward as some might assume.

GI 75: Allocations are on the increase

Our latest GI75 ranking of private credit’s biggest investors shows allocations increasing, with pension funds and insurers dominant.

Loan Note: Default rates expected to remain steady but bankruptcy filings surge

Speculative-grade default rates are expected to remain steady. However, US bankruptcy filings have surged. Here’s today’s brief for our valued subscribers only.