Loan Note: Reflections on Barings, Corinthia litigation; O15 raises inaugural private credit fund

Court case unresolved as Corinthia fundraising speeds along. Plus: O15 closes debut credit fund; and Castlelake forms Nordic real estate partnership.

They said it

“We expect credit fundamentals for loans to continue to be softer in the US versus EU. Higher US rates will likely put pressure on the free cash flows of underperforming borrowers”

Taken from Alcentra’s 2025 Market Outlook

First look

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Warring parties: Barings and Corinthia court case rumbles on (Source: Getty)

Continuing litigation as Corinthia secures $5bn

The courtroom and the marketplace generally occupy different worlds: they may collide, but for long periods can seem only barely acquainted.

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