Economy

Royalties offer a path to geopolitical resilience

The growing asset class is relatively well insulated from trade wars and geopolitics.

KKR expects M&A revival to speed up credit market development

The relationship is coming into even closer focus now, given innovative financing structures, says influential newsletter.

Five insights from the PDI Network New York Forum

Still popular and going strong, but various forces are building that could test private credit’s famed resilience.

Tricolor failure could prompt scrutiny of ABF

The collapse of the US auto lender was a talking point at this week’s PDI Network New York Forum.

Texas ERS proposes $400m of private debt commitments in 2026

Texas’s director of private credit highlights concerns over undisclosed issues in GPs’ portfolios.

US investors seek out new fundraising shores

Legislative uncertainty prompts LPs to look beyond US-focused direct lending funds, even as the market retains its dominance in private credit fundraising tables.

How are the Trump administration’s policy changes impacting private credit?

The ‘America First’ approach brings new priorities for lenders, with uncertainty a constant presence.

Three key trends in US private debt: A market in flux

US lenders and investors attempt to keep pace with a rapidly evolving inflationary and political environment.

NAV finance: A major value creation tool

A difficult M&A market means private equity funds are holding portfolio companies for longer, but NAV finance could turn this into an opportunity.

Bain Capital: Positioning to capture opportunities in CLO equity

CLO equity offers opportunities to enhance returns during periods of heightened volatility, says John Wright, partner and global head of credit at Bain Capital.