Pulse

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

In most cases, not through a borrower’s negotiation alone, moving bank accounts, or other isolated tactics. Those approaches often trigger...

The landscape has undergone a shift over the last year. With lenders re-stabilizing after the post-COVID "slingshot" effect, many businesses...

If you’re a midsize bank trying to figure out AI strategy and implementation, welcome to the club. Banks of all...

Senior secured lenders are increasingly encountering a familiar disruption - not within their borrower’s operations, but among its customer base....

As the M&A market gains momentum, the complexity and value of legal disputes are reaching new heights. In this episode...

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...