Direct lending

Apax raises $750m for dedicated credit funds

The firm’s credit funds will follow a flexible strategy with close links to its private equity business.

Expanding horizons: Why it’s time to look beyond direct lending

Fundraising may have slowed, but US private debt still looks resilient.

All systems still go for enterprise software, says Thoma Bravo

Enterprise software is an attractive industry for private equity and offers real opportunity for direct lending, says Thoma Bravo’s Oliver Thym.

Churchill Asset Management: ‘An excellent time to deploy capital’

Randy Schwimmer is co-head of senior lending and Jason Strife is head of junior capital and private equity solutions at Churchill Asset Management.

Latham & Watkins: Private debt is expanding its toolkit in Germany

The German market is branching out from unitranche to other types of financing, as well as seeing innovations in documentation, write Thomas Weitkamp, Rainer Adlhart and Anna-Maria Kuckerz of Latham & Watkins

The changing face of venture debt

With traditional routes to finance drying up, tech firms are weighing up their direct lending options.

Twin Brook: Remaining disciplined in the face of headwinds

As competition for capital intensifies, private debt managers need to have the scale, flexibility and experience to meet investors’ varying needs and navigate a challenging environment, says Jeff Frank, head of capital solutions & strategy at Twin Brook.

Firms invest in platform to democratise private credit deals

Tradable, Victory Park Capital and Spring Labs ally to break down a silo.

Hayfin closes fourth direct lending fund at over €6bn

The fund is the firm’s largest to date and hopes to take advantage of reduced appetite among banks to support leveraged financings.

Moody’s downgrades US regional banks and will review six giants

The downgrades follow from the macro context and vulnerability of certain classes of assets.