Direct lending

Michael Arougheti, Ares’ CEO, views subprime lender collapses as ‘idiosyncratic and isolated’, not signifying a turn in the credit cycle.

Manulife | Comvest Credit Partners will have $18.4 billion in AUM, as Canadian insurer continues snapping up assets.

Up-and-coming talent from across PEI Group’s under-40 lists share the sustainability and impact trends that are gaining momentum in alternatives.

As the all-important 2030 deadline to limit global warming looms, are private markets on track to help meet the world’s critical climate needs?

As anti-ESG rhetoric in the US intensifies, private markets players appear to be dialling down their messaging, but not their actions.

After an era of exuberance, expansion and ‘rockstar’ roles, sustainability in private markets is being more closely tethered to value creation.

Lower mid-market direct lending provides investors with exposure to parts of the real economy that are underrepresented in public markets and at an earlier stage of value creation, say Apogem Capital’s Josh Niedner and Rob Douglass.

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 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.

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.