Europe

Credit managers have been experimenting with AI in 2025, with many expecting it will become an integral part of the private credit landscape in the near future.

The private asset-based finance market has been expanding rapidly and is now larger than all other private credit markets, with economic trends signalling it will grow even more quickly in 2026.

Firms are bifurcating towards either serving large private equity-backed deals or looking at more niche specialist concerns in order to stand out in a competitive market.

Spreads on newly originated retail loans were largely stable in the third quarter, according to Trepp research.

The Abu Dhabi sovereign investor and MassMutual will be channeling capital through the Charlotte-based manager for US, Europe and Asia-Pacific credit opportunities.

The $3.3trn structured credit market’s appeal is rising for insurers, says Phoenix’s head of private markets and a forthcoming report from US manager First Eagle Investments.

As recovery rates plunge, a new report points to second-lien mortgages, European SME ABF and US equipment finance as areas of opportunity.

How technological enthusiasm, even when well founded, can be a disastrous substitute for due diligence.

The enforceability of default interest clauses has long been a critical issue for lenders and investors in the private debt market. Donna Newman and Peter Sequeira of Stephenson Harwood examine the lessons from Houssein v London Credit.