Why the ‘good’ vs ‘bad’ PIK debate is also about junior capital vs senior debt.
3 min read · 02 October 2025
Average mid-market loan and revolver recoveries are down to 66% on a trailing five-year basis.
1 min read · 17 September 2025
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.
3 min read · 11 September 2025
Ahead of his participation in this year’s PDI Network New York Forum, Nirav Dangarwala of Resolution Life shares his views of the private debt market.
3 min read · 08 September 2025
The proliferation of covenant-light loans is driving competition among lenders, a recent report says. A Houlihan Lokey executive breaks down the consequences.
3 min read · 19 August 2025
What is driving the increased use of accordions in the mid-market?
5 min read · 02 June 2025
Report by Davidson Kempner finds that although PIK and liability management exercises abound, the need for deleveraging may make itself apparent.
3 min read · 12 December 2024
Loan originator acts on behalf of as-yet unnamed lenders, in response to J Crew style restructuring.
3 min read · 21 October 2024
Corporate loan trade group outlines best practices, addresses liability management transaction protections.
2 min read · 25 September 2024
After slow M&A activity in 2023, private lenders are becoming more aggressive as they fall behind schedule with their deployment of capital.
2 min read · 11 July 2024
