Private Debt and Direct Lending - Articles & White Papers

Even as the direct lending sector faces scrutiny, private credit remains a broadly diversified market offering a variety of investable opportunities.

The global economy is being transformed by a constellation of forces, including demographic shifts, policy changes, AI-driven productivity gains, and the maturation of private markets. As such, the investment landscape is changing fast. Against this backdrop, PGIM experts explore some of the best places across markets and asset…

Explore PGIM's 2026 Market Outlook and Capital Market Assumptions through charts that highlight the core forces shaping today's investment landscape.

Continuation vehicles (CVs) have transitioned from a niche liquidity solution to a cornerstone of private market strategy. Initially associated with legacy assets, CVs now enable GPs to extend ownership of high-performing companies while offering LPs flexible exit options. This evolution reflects broader market dynamics,…

As markets are increasingly influenced by geopolitics, economic uncertainty and evolving credit markets, opportunity lies beyond borders. Alternative credit continues to offer resilient income potential, but successful outcomes depend on thoughtful diversification and disciplined risk management. By pairing global reach with…

Within fixed income, high yield bonds reflect an area of credit that has been structurally transformed.

Two months into 2026, markets are still defined by tension.

Private markets enter 2026 on firmer footing, with deal activity rebounding alongside a more supportive rate environment. New York Life Investments expects a constructive year ahead, with global policy support reinforcing momentum across public and private markets – accentuated by monetary policy easing and deregulation in the…

Private real estate debt and direct lending are complementary strategies that may enhance efficiency when combined, offering different risk drivers and income streams.

Owing to their structural protections, consistent secondary market liquidity, and portfolio advantages, senior CLOs have remained a common allocation in PGIM’s fixed income portfolios over multiple market cycles.

The private credit premium is real. The performance drag of leverage? Also, real.

The following Q&A provides insight on several key aspects of private credit secondaries.

Real estate credit is evolving, and insurers are taking notice. With valuations reset and fundamentals strengthening, now may be an attractive moment to revisit the asset class. This article outlines the full continuum of real estate credit and highlights how insurers can use diversified lending strategies to pursue yield,…

Rising originations and disciplined underwriting support CRE debt in 2026.

Explore Arcmont's 2026 European Private Credit Outlook. Discover market trends, investment opportunities, manager selection insights, and the evolving credit ecosystem shaping the year ahead.

The convergence of public and private credit sharpens the focus on how these assets may perform in an individual portfolio.

Private credit secondaries are becoming increasingly valuable to CIOs as a strategic portfolio management solution that enables them to fine tune credit exposures as market dynamics evolve.

Strong fundamentals, constrained bank lending, and reset property values have created opportunities for private credit investors.

Principal AM believes CRE debt offers compelling risk-adjusted returns in today’s environment, find out why.

The high yield market has changed dramatically over the last two decades. Yet many institutional investors continue to view the asset class through a backward-looking lens shaped by earlier eras of weaker credits, episodic liquidity shocks, and pronounced default cycles.