Pace of improvement in credit quality slowing down – KBRA
KBRA’s second-quarter Private Credit Middle Market Compendium found evidence of mounting pressure building across the market, with median revenue and EBITDA compound annual growth rates declining to 12% and 24% respectively, from 13% and 27% in Q1

Judge Alfredo Perez: How a Houston veteran’s addition affects one of bankruptcy’s premier benches
Perez was quickly handed mega cases including Sunnova, Saks, and QVC; his appointment maintains Southern Texas' reputation as a top bankruptcy venue

Consumer giants' portfolio overhaul pushes M&A to near-record highs
Unilever leads consumer giants’ retreat from underperforming categories; dealmakers shift attention toward fast-growing categories in beauty, health and wellness

Dispersion is creating value in credit despite tight spreads – PIMCO
PODCAST: While index spreads remain tight, dispersion is quite elevated, which rewards those who do the credit work, says Lotfi Karoui, multi-asset credit strategist at fixed-income behemoth PIMCO, on the latest episode of Credit Exchange with Lisa Lee

Lenders line up to join Barclays on Persistent Systems-Nagarro acquisition loan
SBI, HSBC, Citi, and MUFG may join syndicate; deal valued at USD 1.4bn, with EUR 81 per share offer price

MHR transfers Lionsgate, Telesat holdings to 'unusual' continuation vehicle
ANALYSIS: Transaction resets investment clock, allowing MHR to retain assets longer; experts say using CVs for public stocks is rare, but offers exit flexibility

Credit funds at a glance – July 2026
Our roundup of top performers, fundraising and moves in credit

Co-head of Permira Credit says to brace for more complex, late-cycle environment
PODCAST: While the market is clearly late in the credit cycle, it is not yet obviously at the turning point, Ariadna Stefanescu, co-head of Permira Credit tells Lisa Lee on on the latest episode of Credit Exchange

AI outlook one of several key macro calls for investors – BlackRock midyear forecast
‘Scarcity versus abundance’ forms the key theme for the BlackRock Investment Institute midyear global outlook, which was published on Tuesday following the institute’s two-day forum earlier in June

Bain Capital's head of European credit says he’s still a strong believer in services
PODCAST: Speaking with Lisa Lee on the latest episode of Credit Exchange, Gauthier Reymondier says he is still a “strong believer” in the European services sector

Dividend recaps stall as lenders pull back, sponsors eye alternatives
Dividend recap volume has fallen amid deep uncertainty even as GPs seek more DPI; lenders have retreated over market conditions and a dearth of quality transactions, while rising continuation vehicle usage has reduced the number of dividend recap candidates

Carlyle’s deputy CIO of credit says inflationary cost pressures starting to emerge
PODCAST: Inflationary impacts are beginning to emerge and are hard to ignore, although they remain manageable for now, according to Carlyle's deputy CIO of global credit Alex Chi on the latest episode of Credit Exchange

CalPERS appoints leaders for total portfolio approach investing, private markets
The US pension giant has hired a CPP Investments alum to lead the transition to a new portfolio investment strategy

Rate market dispersion and divergence is the theme for this year: El-Erian
Speaking at this year’s Global ABS conference, Allianz’s chief economic adviser and the former CEO of PIMCO Mohamed El-Erian said the most important issue currently facing the market is the sources and uses of funds

Connecting women in credit
This year’s Creditflux Women in CLOs networking event was held in midtown New York. It was attended by more than 100 structured credit investors, managers, arrangers and lawyers

Credit funds at a glance – June 2026
Our roundup of top performers, fundraising and moves in credit

Barings reorganises leadership team, taps new president
Barings President Eric Lloyd is transitioning to the role of vice chairman

BCA’s chief geo-macro strategist says Iran war could result in surprisingly aggressive rate hiking cycle
PODCAST: Speaking with Lisa Lee on the latest episode of the Credit Exchange podcast, macro and geopolitical expert Marko Papic says there are a number of inflationary elements coming together that could lead to more aggressive action than previously expected by the Fed and other central banks

Leveraged Finance Fights Melanoma gears up for annual charity gala at NYC’s MoMA
The 16th annual LFFM gala will take place on 10 June at New York City’s Museum of Modern Art

First Eagle taps AlbaCore alum for alternative credit product sales
Edward Berry joins as a managing director in London and will help distribute the firm’s alternative credit products, including those under the Napier Park brand

Credit dispersion increases as software loans pull away from the pack – KKR
Software loan bids fell to 87.97% during the first quarter, the lowest in four years, while the rest of the leveraged loan market held up

Oaktree’s deputy CIO of strategic credit says we’re in the early innings of private credit dislocation
Oaktree has been very opportunistic about deployment in cycles or dislocations, which the market may be in the early stages of, says Milwood Hobbs, Jr., deputy chief investment officer of the firm’s strategic credit platform, on the latest episode of the Credit Exchange podcast with Lisa Lee

AI is reshaping capital markets, say Milken confab attendees
Artificial intelligence will be the most transformative technology of our lifetime, reshaping everything, including capital markets. This was the dominant prediction at the annual Milken Global Conference 2026

Credit funds at a glance – May 2026
Our roundup of top performers, fundraising and moves in credit

UK public M&A rides scale wave as clouds obscure macro outlook – White & Case’s Patrick Sarch, with John West – podcast
While deal volumes reach significant highs in the UK, the numbers are largely being driven by big deals with expensive price tags. But these big-ticket transactions may not be the tide that lifts all boats, says White & Case’s Patrick Sarch, speaking with Mergermarket's John West