All Private Debt articles
-
White papersThe great portfolio reset: How alternatives are changing the face of finance
As traditional 60/40 portfolios struggle in an era of persistent inflation and market volatility, institutional and private investors are turning to alternative assets as an additional source of returns and diversification. Jerry Pascucci and Johannes Roth examine the drivers and implications of this structural shift.
-
White papersHard assets, soft power: Infrastructure 2026 Outlook
In a fractured, multipolar world defined by strategic rivalries, infrastructure has become a critical lever for nations to project soft power – through energy security, technological leadership and supply chain dominance.
-
White papersCommercial real estate debt market update
Commercial real estate (CRE) has long been established as a cornerstone asset within a wide range of investors’ portfolios. From individuals owning a US$250K rental home to institutions owning a US$250M high-rise apartment complex, CRE can offer diversification, consistent cash flows, a hedge on inflation, and a historically low correlation to other risk assets.
-
White papersUnderstanding Europe’s economic transformation and its investment implications
We believe Europe is entering a transformative period of economic renewal driven by reforms, public investment and a focus on sustainability and digital innovation. These developments are expected to drive long-term growth and create a more resilient and competitive economic landscape, creating opportunities for investors at a time when the US is facing mounting challenges.
-
White papersPrivate credit: The Red Thread – Alternatives, Edition 2025/26
Despite the sensational headlines, the fundamental outlook for the corporate direct lending strategy remains stable. Company earnings have generally been positive, as the borrower universe has shown high single-digit EBITDA growth alongside stable, healthy margins. Furthermore, as we peel back the onion, the credit profile of the underlying borrowers has also remained strong.
-
White papers2026 Outlook: Direct Lending
In this Q&A, Orla Walsh explores the themes, trends and risks shaping direct lending—underscoring the importance of separating signal from noise as the market navigates the year ahead.
-
White papersPrivate credit’s evolution
The private credit market has experienced remarkable growth, reaching $1.7 trillion in assets under management and 13% annual growth since the 2008 financial crisis. Rather than signalling a bubble, this expansion represents the evolution of a maturing asset class, offering institutional investors compelling opportunities for those who can navigate its increasing complexity.
-
White papersAlternative credit outlook: Stability amid global shifts
Global markets have shown remarkable resilience despite persistent geopolitical tensions and evolving trade dynamics. Since the implementation of the ‘Liberation Day’ tariff measures, risk assets – particularly credit – have remained strong, supported by resilient economic growth and increasingly accommodative monetary conditions.
-
White papersInsuring the future: The case for diversified private credit
Insurers have long relied on the pick-up in corporate spreads over sovereigns as a core investment strategy, but today’s investment landscape is prompting a strategic rethink for European insurers. As traditional public fixed income loses its edge, private credit is emerging as a powerful alternative. This fast-growing asset class offers insurers a way to tackle key portfolio challenges, boost diversification, and potentially enhance returns. In this paper, we explore how European insurers can harness private credit to help strengthen investment outcomes and build portfolio resilience.
-
White papersAre (private credit) cracks widening?
Market Snapshot is a weekly view from our portfolio managers, offering sharp, thematic insights into the trends shaping markets right now.
-
VideoWhy should investors consider private credit in today’s market?
Middle market direct lending offers a compelling opportunity in today’s market — combining attractive yield, downside protection, and real portfolio diversification.
-
White papersIn conversation with Daniel Sachs
Daniel Sachs is an established figure within the Swedish investment community. For the last 20 years, Daniel has led P Capital Partners (PCP), a provider of private credit solutions to entrepreneurs and family-owned businesses. With M&G Investments recently acquiring a majority stake in this business, Daniel spoke with Simon Sharp about his business career and why he thinks the opportunities within non-sponsored private credit are only set to accelerate.
-
White papersAre Evergreen funds the future of private market access?
With allocators seeking to balance long-term return potential with operational flexibility, evergreen funds are emerging as a compelling part of the allocation mix, explains Lumyna Investments. Their recently launched Lumyna – Twelve Capital Parametric ILS Fund is one such example.
-
White papersThe Many Sub-Asset Classes Within Fund Finance
In this interview with Private Debt Investor, Matt Hansford, Head of Europe, Portfolio Finance, discusses the rise of fund finance as a core institutional asset class and explains why generating alpha and rapid capital deployment are some of its key advantages.
-
White papersPrivate credit’s next phase: finding opportunity in a maturing market
The private credit market has experienced remarkable growth in recent years, with significant increases in capital inflows from both institutional and retail channels. Its success and expansion has naturally attracted scrutiny, with some observers questioning the sustainability of the asset class. This paper offers an alternative perspective: the current state of private credit represents a natural progression of a maturing asset class.
-
White papersCharting new currents: Top 10 with… Interview with Joe Sciortino on private credit
Amid tighter regulation, macroeconomic uncertainty, and changing bank appetites, investors are increasingly looking to private credit for stability and opportunity.
-
VideoGemcast Episode 4: The 5 Golden Rules of Emerging Markets Private Credit
In episode 4 of Gemcast we are joined by Co-Founder and CIO of Gemcorp Capital, Parvoleta Shtereva. As a self-identified emerging markets lifer, Parvoleta reflects on her career and what really matters when thinking about emerging markets private credit, providing her 5 golden rules for investing in the asset class.
-
White papersSub-Saharan Africa: The Resurgence
Over the last decade, private capital investors have focused almost exclusively on the developed world, particularly the US. As these markets become increasingly saturated with capital, leading to falling lending standards and returns, it is time for private investors to look further afield. One region which has been overlooked by private credit allocators is Sub-Saharan Africa, a vast region of 48 countries which has a host of positive tailwinds that we believe make it an exciting proposition.
-
White papersIn Conversation – Navigating the shifting landscape of private debt
Against a backdrop of wider macroeconomic uncertainty, investment in private credit in Europe continues to grow, supported by a broadening range of asset classes as well as welcome regulatory developments. Here, our infrastructure investment experts discuss their views on the road ahead for infrastructure investing.
-
VideoGemcast Episode 3: The Misconception Gap
In episode 3 of Gemcast we are joined by an external guest, Max van Baasbank, Director at Alpha FMC who joins Pranav Khamar, Portfolio Manager at Gemcorp Capital to discuss the results of our recent study, Unmasking the potential. The study asked 75 leading institutional investors about their outlook and appetite for emerging market private credit.
