SMEs

ACC, Configure: Stress appears contained, but lenders are taking no chances

Although AI disruption and other threats remain increasingly relevant, Houlihan Lokey data shows resilient portfolio dynamics.

Barings raises $19bn for global direct lending platform

The global direct lending platform is comprised of around 10 vehicles across a variety of structures.

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

Eagle Point, Apple Bank form equipment financing venture

Newton, the newly formed venture, will source deals across the US and be administered by both companies.

Moody’s: Direct lenders losing ground to BSL in refinancing wave

The move to broadly syndicated loans portends a battle over ever-growing mega-deals.

Fitch: Systemic shock could expose private credit’s interconnectedness

The asset class’s growth, alongside spread compression and heightened competition have it approaching bubble status.

Fasanara signs €150m deal with SME lender Teylor

The deal will enable Teylor to expand its lending business across Europe while providing a template for future global ambitions.

Does SME lending tick enough boxes?

At first glance, SME finance appears to offer crucial diversification for LPs, but it remains a demanding segment to lend into.

LBP Asset Management on the power of private investors to drive change

In Europe, ESG remains a key consideration for investors, while elsewhere the conversation has become more muted. Peter Arnold, head of European private markets at LBP Asset Management, examines the landscape.

How to unlock the potential of ARR

Deals based on annual recurring revenues offer a way for lenders to tap into the early-stage growth market. Devon Martineaux and Andrew Miller of Valuation Research Corporation offer insights into how ARR deals work.