For most of the past decade, the asset-based lending market operated in the shadow of a private credit juggernaut that...

The U.S. middle market manufacturing sector enters 2026 navigating a tariff environment that is simultaneously unprecedented in its complexity, uncertain...

As private credit platforms flood the enterprise software market, lenders are increasingly valuing predictable subscription streams over traditional collateral —...

Private equity is sitting on the largest inventory of unrealized portfolio companies in the industry’s history, and the pressure to...

The case for direct lending has always rested on a simple proposition: private credit should deliver better risk-adjusted returns than...

The binary choice between senior secured debt and mezzanine financing is fading. In its place, a more sophisticated architecture has...

Insurance companies have become the most consequential new participants in middle market private credit. Apollo Global Management's insurance affiliate Athene...

European and Asian institutional capital is moving into U.S. direct lending at an accelerating pace—reshaping competition, co-investment structures, and the...

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 —...