News & Analysis

Insurers: Levelling up their game

Off the back of a slew of multibillion-dollar M&A deals, what does the future hold for the burgeoning relationship between US insurers and private credit firms?

Strategies: LPs broaden horizons

Appetite for credit secondaries, distressed and subordinated debt strategies is growing among LPs – where can the market expect to see the next wave of growth?

LPs’ view: ‘I expect ABL and credit secondaries to expand rapidly’

LPs featured in our Rising Stars 2024 list expect private credit’s fundamentals to maintain their significance over the coming months – though growth is expected in several key areas.

Carlyle highlights insurance, secondaries and credit in Q3 earnings

The firm’s AlpInvest secondaries unit and private wealth help power its growth in AUM, while its private equity business shrank.

Credit markets, rates, overshadow ABF, interval fund launch in Blue Owl Q3

Nascent fears over credit market health and lending standards weigh on the earnings of the manager, which is staking its future on ABF and retail investors.

Auto lending takes another hit: PrimaLend

Chapter 11 filing comes the day after Bank of England Governor discusses US auto loans with the House of Lords.

Ares raises $1.5bn for speciality healthcare lending fund

The vehicle seeks opportunities in sponsored and non-sponsor backed companies across five subsectors.

The bankruptcy blame game

Signs of credit stress are emerging, but there are different views over its relevance for the private debt market.

Loan Note: Time for awards submissions; the ups and downs of PIK finance

We want to hear from you – it’s time for 2025 awards submissions. Plus: the pros and cons of PIK loans; and direct lending origination posts a strong third quarter. Here’s today’s brief for our valued subscribers only.