Direct lending

Squire Patton Boggs: New era creates challenges and opportunities for debt funds

The asset class can take advantage of the fast-changing environment, says Gabriel Yomi Dabiri, global head, private credit and direct lending, Squire Patton Boggs.

Churchill Asset Management: A lending revival

Both senior lending and junior capital dealflow are poised for a significant resurgence as uncertainty eases and M&A activity returns, say Churchill Asset Management’s Derek Fricke and Jill White.

European sponsored debt financing rose in Q2 – Houlihan Lokey

Report finds unitranche activity up by 12% in the region, albeit with ‘modest’ declines in private credit yields.

Moody’s: Sponsors using accordion features to boost debt of weaker borrowers

Incremental debt provisions have existed for a long time, but stiff competition is driving manoeuvres to increase leverage.

BCI says Europe exposure key for private debt diversification

After making major investments in the region this year, the Canadian LP says diversifying its credit portfolio with strategic agreements is a key pillar of its strategy.

PGIM holds $619m close on oil and gas credit fund

PGIM Energy Partners II focuses on senior and junior debt as well as structured equity investments.

UK’s Just Group investment heads exit after Brookfield deal

The CIO and investment strategy head exit the $36bn AUM life insurer after Brookfield’s recent move to acquire it, Private Debt Investor has learned.

Houlihan Lokey: Borrowers hold the cards in private credit

The proliferation of covenant-light loans is driving competition among lenders, a recent report says. A Houlihan Lokey executive breaks down the consequences.

Ares credit group fees grow 16% year-on-year, Q2 earnings report shows

Good news amid disappointment over missed earnings-per-share estimate.