Inflation

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.

PEI’s NEXUS 2025 conference highlights the impact of uncertainty

Tariffs and ‘higher for longer’ interest rates were just some of the factors attributed to the market’s ambiguous condition.

Regional guide: UK’s direct lending market sees a strong rebound

The UK market accounts for almost three out of every 10 transactions across Europe.

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.

Issuers seek remedies as defaults rise

While enthusiasm grows as lower interest rates hint at a revival of dealmaking, the future for defaults and interest coverage ratios remains mixed.

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.

Key trends in US fundraising

A difficult environment for fundraising skews the odds in favour of the largest managers.

Urgency rises around stressed loans

Heightened capital costs are increasing stress for real estate borrowers in the UK and Europe.

The rise of PIK sparks concerns

Interest rates are staying higher for longer, debt service is piling up and liquidity is falling at some business development companies. What could possibly go wrong?