Insurance companies have become among the most consequential new participants in private credit, drawn by a structural alignment that the...

The middle market private credit opportunity has historically been a North American story. That is changing in ways that are...

As of the first quarter of 2025, 11 percent of debt investments tracked by Lincoln International carried some form of...

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 the broadly syndicated loan market and private credit direct lending has shifted from parallel tracks into something...

Something is shifting in the competitive geography of private credit that has less to do with interest rates or regulation...

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