AI

Innovative structuring is helping to drive the next phase of growth in credit secondaries, maintains John Bohill, partner and member of the Private Debt Investment Committee at StepStone Group.

Private credit returns declined in Q1, but executives blame ‘naysayers’ not fundamentals.

Matthias Kirchgaessner examines retail redemption stress, institutional contagion channels and the broader repercussions for the private credit market.

Private debt funds face exposure to AI-disrupted industries in approaching 60% of assets, driven by a culture focused on origination rather than portfolio management.

Many direct lenders are considered overexposed to software, but opinions differ as to how harmful AI disruption in the sector may ultimately be.

Traditional metrics may be usurped by new technology, a report suggests.

Private credit managers are expanding the menu of products and structures they offer as borrowers seek out further flexibility and creativity, say Latham & Watkins’ Stelios Saffos, Dan Seale, Alfred Xue and Peter Sluka.

As the firm reports record AUM, executives on the earnings call say only 8% of AUM is in software lending, with strong loan-to-value ratios.

With a new year under way, we present the topics we think will be major talking points in the months to come.