Direct lending

SAIL Investments: The future of private credit is strategic

The next evolution of private credit is going global, becoming a source of capital that builds long-term strategic value and resilience in the real economy, according to SAIL Investments’ Johnny Brom.

GPs’ view: ‘There will always be a place for direct lending’

GPs from PDI’s Rising Stars 2024 list discuss the increasingly blurred lines between private and public credit markets and why asset-backed strategies might rival, rather than replace, direct lending.

Davis Polk & Wardwell: The sky is the limit for private credit

The private credit funds that will emerge at the top of a crowded but increasingly bifurcated field will be those that find creative ways to deliver value, say Davis Polk & Wardwell’s Jason Kyrwood, Zachary Frimet and Ruben Henriquez.

Strategies: LPs broaden horizons

Appetite for credit secondaries, distressed and subordinated debt strategies is growing among LPs – where can the market expect to see the next wave of growth?

Partners Group on making diversification a priority

Investors are increasingly turning to evergreen structures and bespoke mandates as they seek to diversify their private credit exposures, say Partners Group’s Lori Pomerantz and Andrew Bellis.

European lenders are increasingly sponsorless and thriving

Lenders in Europe are attracted to the diversification and enhanced risk-adjusted returns that lower mid-market sponsorless deals can provide, writes Aymen Mahmoud of McDermott Will & Schulte.

AllianceBernstein on the enduring appeal of private credit

Mid-market direct lending, asset-backed finance and even commercial real estate continue to generate attractive opportunities despite widespread macro volatility, says Chris Hedberg, AllianceBernstein’s head of capital formation for pr­ivate alternatives.

Proskauer on a feast of opportunities in private credit

Innovations in the private credit market that allow borrowers to achieve high levels of flexibility in their loans represent the next stage of the industry’s evolution, say Proskauer’s Philip Bowden and Alex Griffith, and Ares Management’s Michael Dennis.

Nuveen: Navigating private debt’s Big Bang

As the private credit investor universe continues to expand, there are myriad opportunities on offer for managers that can handle its increasing complexity, says Nuveen’s chief executive officer Bill Huffman.

Ares raises $1.5bn for speciality healthcare lending fund

The vehicle seeks opportunities in sponsored and non-sponsor backed companies across five subsectors.