Direct lending

Reports: Apollo, Goldman Sachs, JPMorgan form partnership to syndicate debt

Goldman Sachs and JPMorgan will serve as broker-dealers, keeping some debt on their balance sheet as well as leading third-party sales

HarbourVest report: Some LPs not taking a holistic approach to private debt

Investing sequentially, rather than simultaneously considering allocations in ABF and niche strategies, could be harming some LPs returns.

ABF may ease direct lending concerns

It remains to be seen how successfully direct lending can navigate current headwinds. LPs with heavy exposures may welcome the rise of asset-based finance.

Direct lending is at a crossroads

Hidden fragilities may emerge amid persistent macroeconomic headwinds, writes Matthias Kirchgaessner, managing partner at PLEXUS Research.

Five alternatives to mid-market direct lending

Direct lending may be the most popular strategy for private debt investors, but heightened competition for deals means lenders are branching out.

Private credit deals: No sponsor? No problem

Non-sponsored deals are becoming more prevalent in the private credit industry as lenders grapple with declines in private equity fundraising.

Direct lending: The centre continues to hold

Private debt’s most popular strategy retains a lot of appeal for mid-market investors, but appetite for more innovative structures is growing.

Barings: Investors take a global approach to direct lending

Investors wishing to benefit from positive tailwinds across US, Europe and Asia-Pacific would do well to consider a global direct lending strategy that looks across all three markets, say Tyler Gately, Justin Hooley and Orla Walsh at Barings.

Keys to success: Three ways to lock in mid-market opportunity

Private credit firms and investors look at how to make the best of what’s on offer in the mid-market amid a challenging macro environment.

Sacramento County ERS targets 9% allocation to private credit

The pension will combine public and private credit into a singular credit asset class.