News & Analysis

How is legal architecture developing for private debt?

As private credit becomes systemically important, legal considerations must keep pace with the asset class’s growth.

Is junior capital PIK’s innocent victim?

Why the ‘good’ vs ‘bad’ PIK debate is also about junior capital vs senior debt.

First Brands, in chapter 11, discloses over $11bn of liabilities

A number of private credit firms have exposure to the latest instance of trouble in the auto and auto-parts industries.

Venture lenders see opportunity in later stages

Venture debt is positioning itself as an alternative to equity rounds and IPOs, as borrowers seek flexible, non-dilutive capital.

Jirí Król: Private credit and the future of America’s 401(k)s

Policymakers increasingly recognise that private assets can serve as a valuable complement to public equities and bonds in retirement portfolios.

Retail market: Waiting for the music to stop

As semi-liquid evergreen fund funds attract individual investors, risk waits just around the corner.

LPs put managers under the magnifying glass

Amid the struggles in private markets fundraising, private debt has fared relatively well. But investors have concerns, and that means their manager due diligence is getting more demanding.

Fasanara signs €150m deal with SME lender Teylor

The deal will enable Teylor to expand its lending business across Europe while providing a template for future global ambitions.