North America

Balance Point Capital: The next stage of private credit

Investors are carving out more sophisticated, granular and nuanced private credit allocation strategies capable of delivering real alpha, says Balance Point Capital partner Adam Sauerteig.

Churchill Asset Management: A lending revival

Both senior lending and junior capital dealflow are poised for a significant resurgence as uncertainty eases and M&A activity returns, say Churchill Asset Management’s Derek Fricke and Jill White.

Gordon Brothers: Leveraging hard assets for long-term resilience

Sponsors and management teams should be proactively monitoring and monetising their hard assets in the same way they do their real estate and financials, say Gordon Brothers’ Norma Kuntz and Frank Morton.

401(k) – no more putting the cat back in the bag

While unfair criticisms persist, reasonable questions remain about preventing problem assets being dumped on retail investors.

Moody’s: Sponsors using accordion features to boost debt of weaker borrowers

Incremental debt provisions have existed for a long time, but stiff competition is driving manoeuvres to increase leverage.

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.

PGIM holds $619m close on oil and gas credit fund

PGIM Energy Partners II focuses on senior and junior debt as well as structured equity investments.