Investors

ABF boomed in 2025 and growth is set to accelerate next year

The private asset-based finance market has been expanding rapidly and is now larger than all other private credit markets, with economic trends signalling it will grow even more quickly in 2026.

Specialisation and mega deals set to define market in 2026

Firms are bifurcating towards either serving large private equity-backed deals or looking at more niche specialist concerns in order to stand out in a competitive market.

Pearl Diver partner: CLO tranches offer ‘something for everyone’

London-based manager’s new open-ended global interval fund focuses on synthetic risk transfer and capital relief.

Chu and other Tricolor execs indicted for bank and wire fraud

US attorneys claim Tricolor execs Chu, Goodgame, Kollar and Seibold fabricated data to obtain loans.

Phoenix Financial invests $5bn in Blackstone alliance

Israeli firm leverages Blackstone’s origination capability, including corporate, real estate and asset-based credit strategies.

Positive signals are seeing lenders look ahead to next-gen retail

Spreads on newly originated retail loans were largely stable in the third quarter, according to Trepp research.

Default interest rates under scrutiny

The enforceability of default interest clauses has long been a critical issue for lenders and investors in the private debt market. Donna Newman and Peter Sequeira of Stephenson Harwood examine the lessons from Houssein v London Credit.

Monroe Capital launches its first perpetual-life, non-traded BDC for retail investors

MLEND will be available to clients of financial advisers through US-based RIA and broker-dealer networks

NAIC eyes new framework for regulatory credit ratings

Effective 1 January, state insurance regulators will have more leeway to challenge credit ratings

Bank of England confirms private market stability test details

The UK’s central bank has published details of its upcoming stress test of private credit markets and confirmed some of the firms taking part.