News & Analysis

APG hands Schroders €425m for debut infra debt mandate

The €590bn Dutch pension fund manager has awarded an impact-focused portfolio to UK-based Schroders Capital.

Five insights from the PDI Network New York Forum

Still popular and going strong, but various forces are building that could test private credit’s famed resilience.

Mid-market loan recoveries, large corporates, converge

Average mid-market loan and revolver recoveries are down to 66% on a trailing five-year basis.

Tricolor failure could prompt scrutiny of ABF

The collapse of the US auto lender was a talking point at this week’s PDI Network New York Forum.

LCM secures €3.8bn for credit opps first close

The amount includes €600m contributed by Brookfield.

Texas ERS proposes $400m of private debt commitments in 2026

Texas’s director of private credit highlights concerns over undisclosed issues in GPs’ portfolios.

Callodine, Bain, Lincoln Financial latest entrants in interval fund rush

Both products are continuously offered, closed-end interval funds that seek to provide individuals with an array of strategies.

Mid-market lenders step up as maturity wall looms

A rise in ventures targeting programs of less than $100m a loan should be viewed as a barometer for broader commercial real estate financing markets.

Loan Note: Three LP views ahead of our big New York gathering; Europe the centre of investor attention

Read LP views ahead of our PDI Network New York Forum next week. Plus: renewed focus on Europe; and public investments behind Future Fund’s declining credit exposure. Here’s today’s brief for our valued subscribers only.