Private Credit Risk: Slow-Burning Stress in a Fast-Moving Capital Cycle

The Transatlantic Performance Divide Is Real

For years, the narrative has been simple: public markets are winning. But the reality is more nuanced — and increasingly regional.

Private Credit, Liquidity Risk, and the Limits of Systemic Contagion

Yield Booms, Liquidity Tightens — How Far Can the Risk Spread?

The Next Energy Frontier

How AI, Data Centers, and Infrastructure Constraints Are Reshaping Power Markets and Creating a New Opportunity Set for Private Equity

North America Drives Global Buyout Growth on Megadeal Momentum

Global buyout markets are showing signs of recovery in 2025, but the rebound is far from evenly distributed.

Canada M&A: From Peak Euphoria to Selective Rebound

Canadian M&A over the past decade reflects a full valuation cycle: expansion, dislocation, reset, and early recovery.

Payment-in-Kind in Private Credit: Liquidity Tool or Early Signal of Stress?

Payment-in-kind (PIK) interest has moved from a marginal feature of private credit documentation to a central indicator of borrower stress and portfolio risk.

Private Equity Exits Are Reawakening in Europe

After two years of drought, Europe’s private equity exit market is showing real signs of life.

Private Equity in Latin America: Capital Rebounds, But Exits Remain Bottlenecked

After two years of muted activity, private equity in Latin America is staging a comeback.

Bank Lending to Private Credit: Scale, Structure, and Strategic Implications

The rapid expansion of private credit has reshaped the modern financial system, blurring traditional boundaries between banks and nonbank lenders.

Private Credit’s Liquidity Illusion

In a proprietary PE150 survey of 132 industry professionals, one risk loomed larger than all others: illiquidity in distressed scenarios.

Private Debt Indexes vs. Real Estate: A Decade of Comparative Performance

In recent years, investors have increasingly turned toward private debt as an alternative to traditional fixed-income strategies.

PE Liquidity Pressure: A Growing Strain Across the Private Equity Landscape

Private equity (PE) firms are facing mounting liquidity pressure as longer holding periods, valuation mismatches, and increased investor demands converge to stress the traditional PE exit cycle.

Private Equity Exits & Liquidity in Europe: A Market Caught in the Crosscurrents

European private equity (PE) markets are undergoing a prolonged adjustment phase.

Liquidity Tools: Swiss Army Knife or Rusty Spoon?

Private equity (PE) firms are staring down a liquidity conundrum — and 2025 may mark a critical turning point.

Secondaries Get Smarter

The private equity secondaries market has officially roared back to life in the first half of 2025, with total deal volume surpassing $100 billion—an all-time high for any half-year period.

Private Credit Rates Fall

Q2 2025 Sees Decline in Private Credit Defaults, Indicating Market Strength

Liquidity in Private Equity: Evergreen Solutions for a Dry Spell

Private equity’s liquidity challenge is evolving into a structural feature of the market.

Equity Is Powerful—Liquidity Makes It Real

Equity compensation continues to be a competitive differentiator, especially when paired with liquidity opportunities.

Why Earnings Growth Is the New Alpha in Private Equity

Private equity activity in the U.S. remains under pressure in 2025, as higher-for-longer interest rates and extended holding periods reshape the calculus for returns.

Private Credit Returns vs. Fixed Income and Equities: An Emerging Advantage

Private credit has rapidly evolved from a niche investment to a major force in global capital markets.

Private Equity Exit Slowdown Triggers Fundraising Fatigue

Global PE exits fell to $80.8B in Q1 2025—stalling capital returns and prolonging fundraising cycles. Here’s what it means for GPs and LPs.

India Overtakes China in the PE Growth Race

India is winning the long game in Asia’s private equity reshuffle.

Private Credit vs High-Yield: Who’s Winning in 2025?

Private credit now makes up 21% of the U.S. leveraged finance market, outpacing high-yield bonds in LBOs. Here’s what this shift means for dealmakers.

Q1 2025 FinTech Investment Falls 54% as Investors Prioritize Smaller Deals

U.S. FinTech funding dropped to $9.6B in Q1 2025, down 54% YoY. Why investors are leaning into smaller, strategic deals—and what it means for the sector.