Direct lending

The deal sees the existing minority shareholder take 80% of the European private credit business.

Competition for deals has risen to fever pitch and sourcing is a key differentiator, delegates heard.

Run-off evergreens and rolling vintage umbrella funds are giving LPs more flexibility than traditional closed-end drawdown funds.

The next phase of private credit’s expansion will come from a wider array of strategies as fierce competition catalyses greater creativity in the hunt for returns and scale, say Davis Polk & Wardwell partners Zachary Frimet, Jason Kyrwood and Nicholas Palumbo.

There appears to be a disconnect between critical commentary in the mainstream press and private debt’s enduring appeal to investors. PDI gauges LP opinion.

Managers will expand their capabilities within asset-backed finance in 2026, but focus on partnerships with originators.

What are investors looking for as they seek to exploit the ABF opportunity? Laura Parrott, senior managing director and head of private fixed income, and Jessica Bailey, global head of infrastructure, at Nuveen Private Markets, provide answers.

With so much focus on the ABF opportunity, investors must be wary of getting carried away.

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

The manager tells PEI Group’s NEXUS confab that despite the late stage in the credit cycle, the firm is finding value where there is a shortage of capital.