North America

PDI Annual Awards 2025: Winners revealed

We list all the winners of our annual accolades, with new categories focusing on the rise of asset-based finance and the growing role of placement agents.

Cliffwater on why diversification pays off

Diversification is paramount as investors look to private credit to provide safe yield, says Cliffwater’s Blake Nesbitt.

Inside the rise of factoring

Receivables financing is tipped to see strong growth through to 2030. PDI examines why – and asks whether the banks can make a comeback.

Fitch: Default events in January double last year’s average

There were 11 private credit defaults in January and 89 in the trailing 12-month period.

Fairfax times the cycle with a bet on a manager intent on scaling its credit business

Kennedy Wilson has steadily built its real estate debt platform alongside its global equity presence ahead of its privatisation by the Canadian insurer.

Eldridge closes on lease facility with ProPetro Energy

ProPetro, doing business as PROPWR, targets 750MW to be delivered by 2028.

Washington pension board expresses credit concern amid build-out

The CIO has reassured the board that the pension is ‘not in a hurry’ to add private credit exposure, despite planning a new programme for the asset class.

Ropes & Gray makes fifth senior recent hire from Fried Frank

For complex special situations, liability management and restructuring matters of R&G clients.

Blue Owl halts quarterly redemptions in a non-traded BDC

The manager sells $1.4bn of loans in three BDCs and gates Blue Owl Capital Corp II.

Bankruptcy debtors score a win over residential portfolio

US bankruptcy court approves sale of rent-stabilised residential properties, setting aside housing-based objections from New York City.