Direct lending

The disruptive influence of artificial intelligence means sector knowledge in private credit has never been more important, say Permira Credit’s David Hirschmann and Benoit Vauchy.

An abundance of capital and opportunity is coming together, say Mark Boyagi, Sean Hill and Ted Cardos, partners in the investment funds practice at Kirkland & Ellis.

Co-CEO Marc Lipschultz pushes back on the ‘panic’ narrative, saying it is driven by sentiment, not fundamentals.

The hedge fund and activist investor says it will target public and private BDCs at 30% or more discounts to NAV.

Private credit returns declined in Q1, but executives blame ‘naysayers’ not fundamentals.

Rising leverage, declining liquidity and a weakening of free cashflows is putting pressure on mid-market issuers.

LPs should prioritise credit selection rather than splitting their portfolios across ’20 or 30’ GPs, says Daniel Garant, global head of capital markets and credit investments.

Mathieu Paillat, a former PAI Partners executive, will join as part of the European Corporate strategy, which focuses on flexible capital solutions.

The closing of Comvest Credit Partners VII exceeded its target fundraise of $2.5bn