A Headline-Driven Moment The first quarter of 2026 has delivered the most intense period of scrutiny that the private credit...

The overwhelming majority of private credit's growth over the past decade has been built on sponsor-backed lending — financing leveraged...

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...

Outstanding loans by private credit funds to software-as-a-service firms increased from almost $8 billion in 2015 to over $500 billion,...

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 deceptively simple proposition: private credit should deliver better risk-adjusted returns...

The binary choice between senior secured bank debt and mezzanine financing is fading from the middle market. In its place,...

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...