Europe

Arizona pension sees concerns in default uptick and increased competition

Staff of the $60bn Arizona State Retirement System, a long-time private credit investor, are still mostly optimistic about the asset class amid a push to diversify the programme.

Is junior capital PIK’s innocent victim?

Why the ‘good’ vs ‘bad’ PIK debate is also about junior capital vs senior debt.

Fasanara signs €150m deal with SME lender Teylor

The deal will enable Teylor to expand its lending business across Europe while providing a template for future global ambitions.

Three key speciality finance trends

Speciality finance strategies are gaining pace in the broader credit market, with investors keen to participate in niche plays.

Hamilton Lane’s Perry shares six trends to watch

The MD and head of direct credit discusses where the consumer environment is headed, deal levels, PIK and other market currents.

Does SME lending tick enough boxes?

At first glance, SME finance appears to offer crucial diversification for LPs, but it remains a demanding segment to lend into.

Apollo launches private debt sports investment subsidiary

NorthStar’s Al Tylis will become CEO of the venture, which will focus on both debt and hybrid capital investment opportunities.

Why run a credit CV?

It is more in credit GPs’ interests to actively pursue liquidity than remain passive with tail-end portfolios.

Canyon’s latest CLO closings: CLO AUM reaches $11.4bn

Four CLO closings in 2025: six refis or resets as Dallas company seeks to scale.

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.