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Private Markets

The Lower Middle Market is Heating Up

The lower middle market has been resilient amid a broader PE slowdown.

Private Equity’s Bottleneck

The private equity industry remains constrained by weak exit activity.

Financing the AI Buildout

The AI race is driving record borrowing, private lending and a rush into infrastructure.

Primer: Data Center Financing

Dealmaking Is Top-Heavy

A handful of megadeals are driving M&A activity, while the broader market and private equity remain sluggish.

Private Credit's Warning Signs

BDC filings and other public data show that private credit is increasingly under stress.