Europe

European sponsored debt financing rose in Q2 – Houlihan Lokey

Report finds unitranche activity up by 12% in the region, albeit with ‘modest’ declines in private credit yields.

UK’s Border to Coast seeks PE, private credit lead amid buildout

The local government pension scheme pool, with over £50bn of committed client fund capital, is expanding its investment capabilities ahead of seven more funds joining its pool.

BCI says Europe exposure key for private debt diversification

After making major investments in the region this year, the Canadian LP says diversifying its credit portfolio with strategic agreements is a key pillar of its strategy.

401(k) Special: ILPA to publish guidance on how executive order impacts LPs

ILPA will also update its due diligence questionnaire template and introduce a retail capital section in light of recent developments, Neal Prunier, managing director for industry affairs at ILPA, tells PEI.

PIK, the quick fix that stirs controversy

Seen by some as a useful liquidity tool and by others as a disguiser of stress, payment-in-kind has become one of today’s big talking points.

NLC makes foray into private credit NAV lending

The non-bank lender will build on its sub-lines approach in entering a mature market.

Asset-backed finance, the ‘quiet giant’

Leading investors discussed emerging areas of private debt, the rise of data centres and concerns over PIK in a Private Debt Investor Network webinar.

The weight of capital that will overcome fundraising blips

Tariff-generated volatility froze capital raising in its tracks in Q2, but investors of all stripes are preparing bigger private debt allocations.