Can the asset class again prove its resilience? Delegates at the recent Europe Summit heard views on how different parts of the market will weather the challenges. Our recent Private Debt Investor Europe Summit drew LPs, GPs and advisers from all corners of the globe, keen to discuss a rapidly changing environment and what they…
Defaults stay subdued for now The latest Proskauer study suggests loans are demonstrating impressive resilience but there should be no room for complacency. Defaults may not provide a conclusive picture of the amount of stress in the private credit universe but they’re still one of the best – and most commonly referenced – measurements that…
Headwinds have not blown Europe off course Fundraising has been challenging for the region but deals soared last year and hopes are high for the remainder of 2025. European private debt activity hit an all-time high in 2024. According to data from Deloitte’s Private Debt Deal Spring Tracker 2025, €68.7 billion was deployed on the…
Real estate debt spies comeback Despite the lack of deal volume and build-up of dry powder in the sector, there remain parts of the market where borrowing needs are not being met. Since interest rates began to rise in 2022, putting significant pressure on borrowers facing looming loan maturities and soaring debt costs, the opportunity…
Distress takes the fundraising limelight Q1 2025 saw a reversal in fortunes, with direct lending making a slow start to the year. In recent years it’s almost felt as if direct lending has been the only game in town. Whenever Private Debt Investor collects global fundraising data, we always break it down by target strategy….
Fundraising bounces back The early signs in 2025 are positive as capital raisers enjoyed a prolific three months and distressed strategies increased market share. The first quarter of the year was the strongest Q1 on record for private credit fundraising with a huge $74.1 billion raised according to PDI data…. Subscribe to Read MoreAlready a
Stresses and strains may trigger a distress revival Distressed debt has adapted to more benign market conditions but may revert to a ‘pure’ form as pressure on borrowers grows. Distressed debt isn’t what it used to be. In the wake of the global financial crisis, there was a once-in-a-lifetime chance to invest in rebuilding a…
Measuring the pain points Liquidity and exits loomed large in our survey of LP and GP concerns. An exclusive PEI survey of more than 100 LPs conducted ahead of our NEXUS 2025 event revealed seven main pain points in the LP-GP relationship ranging from liquidity and exit challenges through to fees and expenses…. Subscribe to
Tried and trusted approach embraced by LPs Many are expecting a recovery in private credit capital formation in 2025, but it’s the long-established direct lending strategy that’s expected to benefit most. “Higher for longer” interest rates are not good news for everyone – ask placement agents for example. These are the professionals that make their…
Is LatAm worth a second look? It’s one of the most undeveloped private debt regions but demand is there from consumers, SMEs and infrastructure projects. Unlike peers in the US, Latin American institutional investors are under-allocated to alternative assets – but demand is there and so are the opportunities. Challenges, however, include regulation and macroeconomic…