Venture Debt

Hercules reports record $2.7bn originations in H1

Amid general decline in originations, tech lender’s CEO credits firm’s relationships, discipline and support for its growth borrowers.

IPF closes on €241m for healthcare debt

As the market opportunity expands, the healthcare-focused manager is finding opportunities to invest larger ticket sizes.

Which strategies do LPs most demand in 2026?

We take an in-depth look at LP demand for private credit strategies, with several rising in popularity while others go out of favour.

DOWNLOAD: Fundraising hits new high in 2025

Fundraising hit a new record in 2025, but only just!

InterVest capital partners: Getting the measure of speciality finance

LP appetite for speciality finance is soaring but investors must scrutinise managers’ origination capabilities before committing, says InterVest capital partners’ chief investment officer Steven Tenenbayev.

Vistara Growth holds $321m final close for growth-stage lending fund

The provider of growth debt and equity capital will target mostly B2B software firms with $10m-$100m in revenue.

PDI Awards 2025: Last week to submit your entries!

Entries for the PDI Awards close on 14 November.

Venture lenders see opportunity in later stages

Venture debt is positioning itself as an alternative to equity rounds and IPOs, as borrowers seek flexible, non-dilutive capital.

How to unlock the potential of ARR

Deals based on annual recurring revenues offer a way for lenders to tap into the early-stage growth market. Devon Martineaux and Andrew Miller of Valuation Research Corporation offer insights into how ARR deals work.

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.