Economy

KBRA speaks of lender resilience in three reports

Companies with direct tariff exposure – those that must buy from global sources hit by tariffs – are the obvious candidates for debt default.

Goldman external investing head: PE exit market has hit pause

The tariffs turmoil is exacerbating the trends and challenges facing private markets, creating a ‘fantastic time for secondaries’, says XIG global head Michael Brandmeyer.

Trump tariffs an opportunity for credit funds – Hayfin

A new trade tariff regime in the US is likely to create more opportunities for credit managers to offer reliable capital to sponsors.

Signs hint at emerging distress

There are growing indications of a new cycle in the credit market as pressure on borrowers grows and default rates rise.

What’s next for defaults in a muted environment?

The lower number of defaults expected in 2025 could concern distressed investors, but many are taking a more nuanced view.

Orlando Bravo: ‘The best PE firms are built around moments of dislocation like this’

The Thoma Bravo co-founder and managing partner spoke with PE Hub’s Mary Kathleen (MK) Flynn at PEI Group’s NEXUS 2025 summit.

Kartesia: Outperformance involves no compromises

There are certain principles of lending that must never be compromised irrespective of economic conditions, says Nick Holman, head of the UK and Irish investment team at Kartesia, PDI’s Lender of the Year in Europe 2024.

At the forefront of the UK’s private markets push

Phoenix Group has signed up to the UK’s Mansion House Compact and launched an investment initiative with Schroders. The firm’s chief credit officer Michela Bariletti discusses UK pensions’ performance deficit and the role of private assets in addressing it.

Park Square Capital on avoiding the zeros through selectivity

Current market conditions will reward managers that have taken a prudent approach to asset selection, says Park Square Capital’s Robin Doumar.