News & Analysis

Loan Note: Problems with PIK; investors told to recalibrate portfolios

Concerns are growing around the use of PIK notes in private equity deals. NorWall has acquired a consumer loan portfolio; and Schroders finds more LPs are favouring private credit.

Burgers in alleys and sector specialisation: 7 things Korean LPs want from GPs

Speaking at PDI’s Seoul Forum this week, executives from Hyundai Marine & Fire Insurance, Samsung Fire & Marine Insurance, National Federation of Fisheries Cooperatives and Government Employees Pension Service shared their key criteria for GP selection.

Loan Note: Carlyle makes ABF oil and gas deal; Ares launches ELTIF

Carlyle has teamed up with Diversified Energy to lend against oil and gas assets. Ares has launched its first ELTIF; and Zenon joins forces with Unicaja bank.

Oaktree makes it three: Insurance exec hires of 2025

After EMEA and, reportedly, APAC, the Americas gets an insurance honcho.

Korean LPs look to Europe as US volatility underscores concentration risk

Korea Investment Corporation is among those seeing more opportunities emerge in European credit markets, director JunChan Yoon noted at PDI’s Seoul Forum on Tuesday.

Loan Note: CapMan buys RE debt stake; syndicated loans rebound

CapMan has bought its way into the real estate debt segment as the market heats up. Syndicated debt markets bounce back from Trump tariffs; and CVC prices its fourth CLO of 2025.

BCI anchors Arini’s $1bn direct lending push

The Canada-based investor announced it will anchor Arini’s first direct lending fund alongside a substantial co-investment agreement.

‘Wait and see’ from FOMC, ‘Back to basics’ from BlackRock

New report, “Looking ahead,” justifies ’selective move down’ in credit quality.