Collateralised loan obligations
Amid a slowdown in leveraged loans, new issuance has declined in the collateralised loan obligation market. However, as we discover, refinancings and resets are taking up the slack. Plus, innovation is never far away: witness the emergence of the CLO ETF.
Fund Finance and NAV Lending
All forms of fund finance – and especially NAV lending – have continued to grow strongly, offering a wide range of liquidity solutions to GPs and LPs alike. As we report, applications for fund finance have broadened to encompass the likes of continuation vehicles and structured finance. But, as demand has increased, so too has supply – we examine the consequences of rising competition.
US report
Investor appetite for the US market remains strong, despite an uncertain geopolitical environment and a sharp uptick in redemption requests by retail investors. In this special report, we explore the ways in which the world’s most mature private credit market is set to develop, studying its growing appeal to institutional investors, as well as the potential challenges on the horizon.