Covenants

LBP AM European Private Markets on tapping into Europe’s unique growth drivers

The European mid-market remains in good health, benefiting from market dynamics that set it apart from the US, says Peter Arnold, head of European private markets at LBP AM European Private Markets.

KBRA: A Medallia default would cause widespread, but not catastrophic effects

If the customer/employee management platform defaults, more than $5bn of equity value would be at risk of being erased, report says.

How Neuberger’s ‘first mover’ Japan JV will navigate headwinds

Global headlines around US private credit have prompted many investors to ‘look more carefully’ at different market structures, managing director Yasuyuki Fujita tells PDI.

‘Pulse check’ finds asset class in reasonable health

Attendees at our Europe Summit 2026 heard counter arguments to the popular narrative that private credit is in a state of decline.

What makes the European mid-market so resilient?

A confluence of macroeconomic tailwinds and cleverly structured portfolios means that the European mid-market is well placed to endure a challenging credit cycle.

Real estate brokers turn to private credit funds – report

Private lenders have come to dominate real estate lending in the UK, according to research by the London School of Economics.

The illiquidity crisis: Democratised and distressed

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

Latham & Watkins: The liability management market enters a new era

While liability management exercises have become dramatically more common over the last few years, taking a long-term view of a company’s capital needs remains crucial to their success, say Latham & Watkins’ John Sobolewski and Joe Zujkowski.

Strategy guide: Underwriting expertise

Why understanding the reasons behind a company’s struggles – and whether they are cyclical or structural – is crucial to evaluating investment opportunities, our nine-part strategy guide explores.