Research & Data

Monroe lines up $6.1bn for private credit fund

The senior secured fund, the manager’s largest private credit vehicle, has already committed $3.2 billion

Barings launches Infrastructure CLO at $508m

Manager sees an inflection point for infra lending via CLOs that marks a turn away from the banks.

Ardian steps up as buyer of CIC portfolio sale

The sale is expected to be the first in what could be a series of fund stakes offerings by the sovereign fund as it works to manage its portfolio.

ABL: The acronym that describes different approaches to a trillion-dollar industry

Asset-based lending and asset-backed lending can be easily confused but represent contrasting lending activities. Richard Gumbrecht of Secured Finance Network explains the differences.

Leveraged roll-ups as a red flag: the First Brands case

Silver Point partner writes that serial acquirers can overstate growth and camouflage costs.

Alaska Permanent could slow private credit pacing amid larger pullback

Staff suggests there is potential for stress in private credit, amid higher default rates and potential for higher PIK.

Pearl Diver partner: CLO tranches offer ‘something for everyone’

London-based manager’s new open-ended global interval fund focuses on synthetic risk transfer and capital relief.

First Eagle agrees to buy Diamond Hill

The manager will expand its fixed income exposure through the all-cash transaction valued at $473m.