Direct lending

The fund will follow Flexam’s established strategy of securing loans to SMEs against mission-critical assets.

Rithm expects credit synergies with its asset management platform, and gains insurance and reinsurance foothold

The co-chair of Oaktree has suggested the $100bn system should chase private credit sub-strategies.

But ratings agency calls the Trump initiative to democratise access to alternatives ‘profoundly fair’.

The ‘America First’ approach brings new priorities for lenders, with uncertainty a constant presence.

GPs are turning towards NAV financing as the market demands more flexible solutions and offers diversification for investors, says Arcmont’s head of NAV Financing, Peter Hutton.

With a wide range of strategic options, it may seem counterintuitive that last year saw LPs doubling down on well-established direct lending exposures. For many of them, committing capital to new areas is not as straightforward as it may seem.

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.

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.

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