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Recovery rates may be lower, but CLOs will provide plenty of opportunity through the credit cycle, according to Anthony Breaks, head of investments, securitised products and asset-based finance, Schroders Capital.

Twin Brook’s Kim Trick discusses what direct lenders are focused on in the current market environment and why experience matters when it comes to managing through cycles.

Chief credit officer Shannon Fritz outlines Antares' approach to downside protection across economic cycles.

Deals are getting larger, and those providing the loans are becoming more trusted and sophisticated. Craig Packer of Blue Owl Capital thinks these are reliable indicators that direct lending is set to expand and prosper.

European mid-market companies look particularly attractive amid an increase in restructurings across the region. BlueBay institutional portfolio manager James Rous considers why economic headwinds translate to tailwinds for special situations investors.

Despite broader headwinds for the sector, secured lending into niche areas of the European residential real estate market offers compelling risk-adjusted returns, says Adrian Cloake, chief investment officer at LCM Partners.

The expertise and financial solidity of the servicer is something people often overlook in speciality finance. Christian Brehm of FC Capital explains why this would be a mistake.

Whether it is shorter loan durations or more esoteric products, we believe private debt is proving that it can innovate to attract investors, say Lushan Sun and Matthew Taylor of LGIM Real Assets.

Investing in larger companies has many advantages, especially in these more challenging times, say Blackstone’s Brad Marshall and Jonathan Bock.

Lending against net asset values, or NAV, is proving a valuable source of liquidity and capital to private equity funds as they near the end of their investment period and move into the harvest period, says Pemberton’s Thomas Doyle.