Distressed & special situations

The creditor trio will inject $150m to reduce Medallia debt, in addition to $500m from the company to invest in AI efforts.

Washington heard from its consultant, Albourne Partners, that ramping up a private credit allocation in a stressed market may allow for stronger documentation and higher spreads.

This week’s publication of our latest fund performance data was a reminder that strong returns can be made in troubled times.

We examine the top takeaways from Private Debt Investor’s Japan Korea Week at a watershed moment for the global private credit industry.

DPI may primarily be seen as a private equity problem, but an expectation of timely returns means private credit is being held to an even higher standard.

Two reports agree on the challenges and apparent ‘calm’ of 2026, but suggest different views of what comes next.

Net proceeds near C$1bn to be redeployed as the market for NPL portfolios changes.

According to some, the future is at stake (and perhaps be worried if your firm name begins with ‘B’), but there is little in the way of evidence that private credit faces a crisis that spans the entire asset class.