Economy

The manager purchases a $2bn portfolio of loans to over 300 businesses at a fraction of their original cost.

Asset-based lending and term lending are coming together to meet challenges for a wide range of companies under pressure, argues Richard Gumbrecht.

Judge Lopez sees ‘no doubt that there is cause to convert’ as there is no going concern to reorganise.

With private equity activity remaining depressed, CLO managers are resetting capital structures and finding creative ways to cultivate new loans.

The use cases are rising as all players in the private credit ecosystem become more comfortable with NAV financing, maintain Dane Graham, Fokke Lucas and Emad Shahin, partners at 17Capital.

The worst of the software sell-off phase may be over, but private credit firms are still assessing the extent to which it will impact US portfolios over the coming months and years. David Brooke reports.

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

Two-year forward-flow agreement deepens a relationship between the two that was forged in 2023.

Scrutiny over software, BDC liquidity diverting managers’ attention back to what could be a $20trn market.