North America

Lenders must embed adaptation and resilience readiness into standard credit assessment, writes Ravi Singh, senior manager at Institutional Investors Group on Climate Change.

A proactive approach to risk across portfolios and assets is key to staying on the front foot, say Gordon Brothers’ global head of credit Mark Bohntinsky and chief transaction officer Kyle Shonak.

The US private credit market puts in a strong performance despite market headwinds.

Retail money may be fleeing BDCs right now, but that doesn’t mean private credit’s dalliance with retail money is over, writes David Brooke.

Inside: The PEI Private Credit 200 – we reveal the asset class’s biggest fundraisers in our annual ranking; Why private credit’s dalliance with retail capital may not be over; Expert insight from industry leaders; Plus, much more…

Private equity chief financial officers are getting to grips with the power of NAV financing and GP solutions, says Peter Hutton, head of NAV financing at Arcmont Asset Management.

Grier Eliasek of Prospect Capital says a bifurcation in direct lending approaches has led to a proliferation in mid-market opportunities in the US, benefiting firms with the right resources.

Scaled lenders backed by institutional capital are positioned to succeed in the next cycle as sponsors prioritise certainty of execution, say Churchill Asset Management’s Derek Fricke and Jill White.

Issues around private credit valuations and payment-in-kind instruments are on US Securities and Exchange Commission regulators’ radars, according to body officials.

The PEI Private Credit BDC ranking looks at the biggest managers of business development companies in North America, with rankings for both public and private BDCs.