Private Debt and Direct Lending - Articles & White Papers

Five themes reshaping alternative assets — from AI infrastructure and private credit to energy security. Download the Nuveen nPOWERED26 outlook.

Resilient fundamentals and long-term demand continue to support private markets, even as higher rates, geopolitical uncertainty, and widening dispersion create a more differentiated opportunity set.

The FTSE Private Credit BDC Composite Index combines listed and non-listed BDCs to provide a more complete representation of the investable private credit universe.

As hyperscaler capital expenditures outgrow internal cash flow, financing is shifting toward leases, joint ventures, project debt, private credit, securitization, and special-purpose vehicles. These structures expand funding capacity but also raise asset-level leverage, obscure contingent obligations, and expose investors to…

The risk of AI capital misallocation is a key concern but not the number one worry for the industry.

A series of headlines have thrust private credit-backed AI and software deals under the microscope. But savvy investors may still find advantages in the sector, they just need to know where to look.

As credit markets become more complex, attractive opportunities are emerging beyond traditional bonds and loans. Opportunistic credit seeks to generate differentiated returns, reduce dependence on market direction, and help manage downside risk.

Europe’s private debt market, worth roughly $550 billion (around a third the size of the U.S.), continues to broaden as rising private equity activity, including primary buyouts and buy-and-build models, generates growing demand for debt capital from direct lenders.

Private credit benchmarks have existed for years, but many are built on fund-level performance rather than on the underlying loans. This has created an incomplete picture of risk and volatility.

In private credit, the headline-driven uncertainty could create a constructive setup for lenders over the next six to twelve months, especially as spreads have widened modestly.

Real estate credit has historically demonstrated resilience during periods of market volatility, supported by the contractual income and structural protections inherent in debt investments.

Churchill's Derek Fricke and Jill White on why scale, institutional backing, and consistency matter most in today's private credit market.

Discover the latest analysis on hedge funds and private markets from global asset managers and financial institutions.

As spreads widen and lender protections improve, the current dislocation may be creating attractive opportunities in the lower- and core-middle-market segments of private credit.

MetLife Investment Management's Q2 2026 Private Credit Review and Outlook highlights a resilient private credit market, supported by strong deal origination, sustained investor demand and compelling relative value opportunities.

Private credit is expanding beyond its traditional institutional investor base. As retail participation grows, the asset class’s defining features — illiquidity, opaque valuations, and complex fund structures — raise new questions about investor protection and financial stability.

Private credit investments in India stood at US$3.5 billion in H1 2026, remaining in line with H2 2025 despite a challenging global environment. Real estate continued to lead private credit deployment, followed by healthcare and Food & Beverage. The ticket-size mix shifted in H1 2026, with mid-market deals accounting for…

Explore the 2026 findings from 700 global institutional investors as they balance resilience and growth through more selective private markets access.