Junior Debt

PDI Awards 2025: It’s time to submit your entries!

The Private Debt Investor Global Awards return.

DOWNLOAD: Debt fundraising rings in record Q3

Record fundraising in Q3 for private debt as investors seek stable returns.

Is junior capital PIK’s innocent victim?

Why the ‘good’ vs ‘bad’ PIK debate is also about junior capital vs senior debt.

Park Square closes junior capital fund with €2.4bn

Fund V will follow its predecessor strategy of backing private equity-backed companies in defensive sectors.

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.

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.

Korea’s IMM leans on domestic LPs to close debut credit fund

IMM Credit & Solutions already has around $2.2bn of AUM across 12 investments, chief executive Chan-Woo Park and vice-president Jong Weon Lee tell PDI.

Latham & Watkins on how flexibility and complexity drive private credit expansion

A growing wave of innovative fund structures and strategies is a boon to private credit managers looking to attract new investors and maximise returns, say Latham & Watkins’ Dan Seale, Alfred Xue, Stelios Saffos and Peter Sluka.

Churchill’s Anne Philpott: ‘Investors will flock to junior capital to lock in long-term, fixed rate return stability’

‘Junior capital offers delayed draw capacity, which is a critical source of funding for sponsors with buy-and-build investment strategies seeking to make post-closing acquisitions.’

DOWNLOAD: Fundraising sees Q3 revival

Fundraising bounced back in Q3 with average fund size continuing to increase, according to the latest PDI Fundraising Report.