News & Analysis

KBRA: Private credit a source of systemic strength

Direct lending takes pressure off banks, KBRA argues, aiding the financial system.

Gramercy optimistic about an EM ‘barbell’ portfolio

Manager argues that a weak dollar and attacks on the Federal Reserve enhance emerging-market opportunities.

Sponsorless market set to gain from M&A slump – report

Direct lending to sponsor-backed corporates has become a crowded market, Federated Hermes’ report found.

Determining private credit’s systemic risk

While regulators are worried about systemic risk from private credit, KBRA research suggests risk is contained.

Korea’s IMM leans on domestic LPs to close debut credit fund

IMM Credit & Solutions already has around $2.2bn of AUM across 12 investments, chief executive Chan-Woo Park and vice-president Jong Weon Lee tell PDI.

Partners holds first close on €1bn for European direct lending

The firm says it has seen a surge in interest in European private credit from investors in Asia and North America.

Blue Owl, Voya partner to provide private investments to DC plans

The partnership mirrors a recent announcement from another retirement services provider that touched off regulatory scrutiny.

San Bernardino pension sees potential for outperformance in European debt

After exploring Europe’s credit landscape, the $16bn Californian pension is looking to add a manager targeting an overseas strategy this fall.