Economy

Fifth Circuit upends Serta uptier transaction

The decision increases uncertainties for creditors and distressed debtors contemplating liability management deals.

UK lenders hope for strong pipeline 2025

After a tumultuous 2024 for the UK, Thincats’ Ravi Anand looks at some reasons to be cheerful about 2025.

AEA’s Jung has a cautious view on 2025

Amid industry optimism on M&A, firm’s head of private debt sees rising need for recapitalisations and refinancings.

How far and how fast – all eyes on interest rates

The rate cycle has been a preoccupation of the private debt market for a while now. Initial assumptions of a smooth downward cutting cycle next year are being challenged.

How does dealmaking look going into 2025?

Market conditions are stabilising and valuation gaps are narrowing, leading to a growth in confidence for investors anticipating interest rate reductions, say McDermott Will & Emery’s Aymen Mahmoud and Fatema Orjela

Brookfield’s Kingston sees investor shift to real estate credit allocations 

Brookfield’s high-profile real estate executive discussed where the firm sees the growth potential in real estate credit investments.

Fitch: BDCs face ‘deteriorating’ environment in 2025

Lower portfolio yields and rising non-accruals are largest threats to BDCs’ performance.

The talent crunch calls for creative thinking

Firms are increasingly looking for private debt professionals who can offer them ‘the whole package’, but a dearth of specialist talent is highlighting the challenges of hiring.

Private credit’s growth opportunities take shape, says abrdn Investments

An evolving investor base is creating an environment in which private credit can flourish, says abrdn Investments’ head of private credit Neil Odom-Haslett.

Golub Capital on cycle-proof values

Private credit managers should focus on the timeless values that will serve them well despite broader market uncertainty, according to David Golub, president of Golub Capital.