Economy

PDI Germany Forum: The best and worst of times

Fund managers are celebrating their good fortune when it comes to new transactions, while also fearing what might lie ahead for their existing portfolios.

EY report outlines economic benefits of private credit

The asset class was responsible for adding 1.6m jobs and $137bn in wages and benefits to the US economy in 2022, according to the report.

Regional bank crisis brings opportunity for NPL investors

We could be moving into a new cycle for non-performing loans, just as the last one appears close to being resolved.

MSCI: Not all CRE faces the same woes as the office sector

Commercial property loan originations rose much higher Q/Q (31%) than the average (17%) in the second quarter of 2023

A place at the larger deal table may be permanent

Assisted by volatile market conditions, private debt firms have carved out a place for themselves in the mega-financing arena once solidly occupied by the banks.

Germany teeters on the edge of significant distress

Historical trading activity and higher-than-average investor allocations have brewed a ‘perfect storm’ in the country’s real estate market.

StepStone Real Estate: ‘Stay alive till ‘25’ is the new market cry

The US-based manager said recapitalisations can help borrowers bridge funding gaps and hold on to good assets until the market turns.

New York Forum 2023: Rising to the challenges

At our gathering of private debt professionals from the US and elsewhere, participants had a sense of resilience and opportunity – while also acknowledging that tough times may lie ahead.

How regulators might tie lenders’ hands

Policymakers are looking at whether private debt poses a risk to the financial system, while defenders of the industry challenge some of the assumptions being made, says McDermott Will and Emery’s Aymen Mahmoud.