Through the first eleven months of 2025, PE-backed companies issued $70.2 billion in leveraged loans earmarked for dividend recapitalizations —...
The first-order effect of the 2025 tariff escalation on middle market manufacturing has registered most visibly in income statements, but...
Asset-based lenders closed the week with the cleanest possible illustration of why collateral-indexed capital behaves differently from everything else in...
The shift toward capital-light corporate operating models has been reshaping balance sheets for more than a decade, but the financial...
The numbers tell a story of compression. After peaking at 716 basis points in March 2023, global new-issue direct loan...
“Strong realized returns on a seasoned book can mask the difficulty of building the next one at comparable quality. The...
“Private credit is not merely growing; it is acquiring the plumbing of the broader capital markets it once positioned itself...
The capital stack is not an abstract concept. It is a priority schedule that answers a single question when a...
The oldest form of commercial finance is having a notably good year. Global factoring turnover surpassed four trillion euros for...
The debate over private credit stress tends to default, as debates in financial services often do, to the headline number....
