Commentary
A Loan for All Seasons (Third of a Series)
“Leveraged loan default rate rises to 14-month high in May” “US loan default rate hits 3-year high“ “Defaults in private…
Read MoreA Loan for All Seasons (Second of a Series)
A frequent question from investors and others is, “When is a good time to invest in private credit?” What they…
Read MoreA Loan for All Seasons (First of a Series)
When we began our career in the middle market four decades ago, we could not have anticipated its transformation to…
Read MoreLetter from Switzerland
We conclude our current private debt world tour with stops last week in Geneva and Zurich. As was the case…
Read MoreLetter from Seoul (Second of Two Parts)
“Private credit is the only bright spot in asset allocation right now.” The themes around private credit of consistent returns,…
Read MoreLetter from Seoul (First of Two Parts)
Our APAC tour continued last week with a stop in Seoul, South Korea. There our investors, partners, associates, and friends…
Read MoreLetter from Down Under (Second of Two Parts)
In our various overseas meetings over the past six months with institutional investors in the Middle East, Japan, UK, Germany,…
Read MoreLetter from Down Under (First of Two Parts)
In our continuing series on global private credit, we next cover the history and outlook for the asset class in…
Read MoreThree Myths of Private Market Valuations (Last of Three Parts)
We conclude our special series on private market valuation myths with: Myth 3: Leveraged capital structures lead to conflicts of…
Read MoreThree Myths of Private Market Valuations (Second of Three Parts)
We began our special series by dispelling the notion that privates should mimic publics. This week we tackle: Myth 2:…
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