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Private credit has received plenty of acclaim as a well-positioned asset class for the times, but investors are not entirely void of concerns.
Fundraising may have slowed, but US private debt still looks resilient.
Randy Schwimmer is co-head of senior lending and Jason Strife is head of junior capital and private equity solutions at Churchill Asset Management.
The German market is branching out from unitranche to other types of financing, as well as seeing innovations in documentation, write Thomas Weitkamp, Rainer Adlhart and Anna-Maria Kuckerz of Latham & Watkins
Evergreen vehicles are attracting retail investors to private debt, but the big LPs need more convincing, says Barings’ Tyler Gately.
Seen by some as a sign of trouble but by others as a practical way of helping firms through a rate-rise environment, payment in kind has returned to centre stage.
After a year-and-a-half of deliberations, the SEC has approved new regulations for private funds, but the end result is seen as less harsh than the original proposal.
Generally behind the curve on ESG, attempts to harmonise disclosure in private debt are beginning to gain momentum.
Investors remain underallocated to private credit despite growing average allocations to the asset class.
In the face of growing cost pressures, there are few signs that private debt borrowers are experiencing widespread distress.