Covenants

Metropolitan Partners Group: Why empathy is crucial in the US lower mid-market

Overlooked by many firms, the US lower mid-market can be a fertile hunting ground, according to Metropolitan Partners Group’s Paul Lisiak.

Jirí Król: Product design is a subtle balance

Fund structures are evolving to meet the evolving needs of LPs and the new wave of retailisation.

CVC hails role of capital solutions

Head of CVC Credit Andrew Davies and partner Miguel Toney discuss which tailwinds are driving capital solutions in junior credit.

General Atlantic Credit on rethinking scale in private credit

The ability to generate returns rather than pursue asset deployment will distinguish private credit managers, according to General Atlantic Credit’s Tripp Smith.

Lawyers’ view: ‘Hybrid and semi-liquid credit strategies attract investor interest’

Lawyers from the PDI Rising Stars Class of 2024 share their thoughts on the key challenges facing GPs and LPs in a rapidly changing market.

Artificial intelligence: Homing in on its potential

Lenders and LPs alike are taking a closer look at the use of artificial intelligence in credit processes and assessing the risk and rewards associated with the technology.

How is legal architecture developing for private debt?

As private credit becomes systemically important, legal considerations must keep pace with the asset class’s growth.

Is junior capital PIK’s innocent victim?

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

Mid-market loan recoveries, large corporates, converge

Average mid-market loan and revolver recoveries are down to 66% on a trailing five-year basis.

CalSTRS’ Lisonbee: Opportunity amid intense competition

Ahead of his participation in this year’s PDI Network New York Forum, Matt Lisonbee of The California State Teachers’ Retirement System shares his views of the private debt market.