Risk vs. Opportunity in Private Credit
Supply chain issues aren’t limited to bikes and baby formula. As the Fed withdraws liquidity from the banking system and investor cash exits public credit, delivering capital to traditional buyouts and M&A is a challenge…
▶︎ Read Sept 19 2022 newsletter: here
▶︎ Chart of the Week: here (by Preqin – North America data)
(Any “forward-looking” information may include, among other things, projections, forecasts, estimates of market returns, and proposed or expected portfolio composition Past performance is no guarantee of future results. Investing involves risk; principal loss is possible.)
Latest news
US leveraged loan primary market stalls in 4Q26
Primary market activity in the US leveraged loan market has slowed sharply in the fourth quarter. Just $34.9b of new…
Direct lending M&A declines QoQ and YoY except in upper middle market
M&A activity declined 12% in the third quarter of 2026 to 296 deals, from 336 recorded in the second quarter.