
Articles
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1 week ago |
pitchbook.com | Sami Vukelj
A period of elevated defaults may add to evidence that larger borrowers are more resilient than those in the lower middle market, according to Brad Colman, global head of sponsor coverage for private credit strategies at Blackstone Credit and Insurance. It’s not only about loan documentation: sponsor behavior can greatly impact recoveries, Colman said in an interview with LCD.
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1 week ago |
pitchbook.com | Sami Vukelj
While software and business services remain private credit favorites and AI hogs headlines, some lenders are leaning into more traditional infrastructure. Capital-hungry architecture, engineering and construction (AEC) platforms have caught the attention of private credit lenders, which appreciate the investment area’s uncorrelated nature and the reliability of borrowers in the space.
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4 weeks ago |
pitchbook.com | Sami Vukelj
A number of lower middle market borrowers have Covid-relief loans maturing this year.
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4 weeks ago |
pitchbook.com | Sami Vukelj
As banks compete with private credit lenders for share of the corporate loan market, private credit is positioned to take a greater share in other lending categories, according to McKinsey & Company’s Global Private Markets Report 2025. The consulting group highlighted four asset classes where private credit lenders could win increased market share: asset-backed finance, infrastructure and project finance, certain residential mortgages, and higher-risk commercial real estate.
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1 month ago |
pitchbook.com | Sami Vukelj
Direct lending spreads in the core and lower middle market have widened since April’s tariff news, but not as much as lenders would have anticipated, according to Tom Newberry, chief credit officer and executive chairman of direct lending at Sound Point Capital. “I would have expected more spread widening since April 2 than we’re generally seeing,” Newberry said.
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