As of the first quarter of 2025, 11 percent of investments valued by Lincoln International included some form of payment-in-kind...

Through the first eleven months of 2025, PE-backed companies issued $70.2 billion in leveraged loans earmarked for dividend recapitalizations —...

Nearly three years after U.S. regulators first proposed sweeping changes to bank capital requirements, the Basel III Endgame rule remains...

While artificial intelligence reshapes commercial lending at every scale, the middle market’s adoption path reflects its own distinctive blend of...

As covenant-lite structures dominate large-cap transactions, the core middle market tells a fundamentally different story—one where lender protections remain robust...

The relationship between broadly syndicated loans and middle market direct lending has evolved from distinct market segments into a fluid,...

Something structural is happening to the competitive landscape of private credit, and it has less to do with rates or...

Two groups that once viewed each other with adversarial mindsets —private equity operating partners and lender monitoring teams — are...

Healthcare private equity delivered a record performance in 2025, with disclosed deal value exceeding an estimated $191 billion — surpassing...

Private equity funds typically rely on three main levers to generate value in portfolio companies: business growth, operational profitability and...