Loan Note: IFC was leading fund backer in H1; Lincoln identifies rising PIK and defaults

IFC made the most private debt fund commitments in H1. Plus: Lincoln finds PIK and defaults on the up; and Nuveen makes progress with infra debt fund. Here's today's brief for our valued subscribers only. 

They said it

“As spreads have widened, we have shifted our focus to [CLO] debt tranches and are taking a more selective approach to CLO equity tranches”

Taken from AlbaCore’s Credit Market Update: Fiscal Uncertainty Risks Awakening Bond Vigilantes

First look

Piling up the commitments: IFC led way in H1.

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