Economy

Are banks and private debt funds getting too close for comfort?

Bank lending to funds is a growing source of concern for regulators.

CLOs gain momentum

Collateralised loan obligations are growing in popularity across the equity and credit markets, but some areas are gaining more traction than others.

The ticking clock – pros and cons of holding for longer

With borrowers having been put under pressure by rising rates, managers face some tough decisions on whether to sell or stay the course.

Orlando Bravo: ‘Time is ticking, pressure is mounting to both buy and sell’

‘The cash that is sitting in private equity will have to be put to work,’ the Thoma Bravo co-founder said in this NEXUS 2025 preview interview. ‘Capital needs to be returned to LPs.’

Moody’s: Default rates for private equity-backed companies on the rise

Dividend recapitalisations also trend up, but only among higher-rated borrowers.

Are we nearing a credit cycle downturn?

A plethora of pressures point to challenging times for some parts of the private debt market.

LP confidence grows as tests passed

Investor faith in the asset class has been preserved, even through challenging times.

SME lenders expect a rebound

Amid challenging market conditions, smaller businesses have put growth plans on hold. But as things begin to stabilise, capital providers are confident of seeing increased demand.

What goes up must come down

With the interest rate environment once more the talk of the town, private debt will have to adjust to another new reality.

Powell, Barr and Oaktree on banks and Basel III

Amid the back-and-forth on the proposed banking rules, banks seem committed to a complete withdrawal from below investment grade lending.