Economy

Regulatory pressure is curtailing banks’ willingness to lend and playing into the hands of non-banks, says Charlie Perer of SG Credit Partners.

CEO Arougheti and CFO Phillips strike optimistic notes of scaling 'vintage after vintage'.

In a split-screen moment, defaults are down but speculative defaults are up. Moody’s forecasts spec default rate will peak at 4.7% in early 2024.

The flavour of the moment in private credit starts with an ‘A’ for asset. But how the phrase ends often depends on the type of product and the manager that’s selling it.

Predictions of doom and gloom are not proving correct as 2023 draws to a close, and there are reasons for expecting the deals market to be prolific next year.

Private credit has grown significantly since the last market crisis. There are those who think it now poses a wider threat to financial stability.

Fund managers are celebrating their good fortune when it comes to new transactions, while also fearing what might lie ahead for their existing portfolios.

The asset class was responsible for adding 1.6m jobs and $137bn in wages and benefits to the US economy in 2022, according to the report.

We could be moving into a new cycle for non-performing loans, just as the last one appears close to being resolved.

Commercial property loan originations rose much higher Q/Q (31%) than the average (17%) in the second quarter of 2023