PE Wants Your Sports Team

Professional sports are turning into an institutional asset class as private equity investment accelerates.

Private Credit's Rebound

Direct lending fundraising is up and deal terms are improving

Dealmaking is K-Shaped

Large Cap Deals Are Getting Done. Others Aren’t.

Credit is Opaque

There's more stress in credit than it seems

EBITDA Keeps Inflating

Aggressive EBITDA addbacks are quietly understating leverage and risk.

Private Credit Has Come Back Down to Earth

Private credit rode a wave of high rates and wide spreads. That wave has broken.

Primer: PE Secondaries

Private Equity is K-Shaped

Private equity capital is consolidating at the top of the market, and the divide is growing.

Primer: Financial Restructuring

Follow the Liquidity

Capital is moving as pressure on private equity grows

Private Equity's Annuity Playbook

US insurers are holding more illiquid, opaque investments

Restructuring Primer: Liability Management Exercises (LMEs)

Distressed Debt is Disappearing

Private credit and LMEs are rewriting the distressed playbook

LBOs Are Out. Infrastructure Is In.

Infrastructure fundraising hit a record $200B in 2025. Here's why PE can't stop investing

Report: Private Credit's Stress Cycle

Private Credit Isn't a Ponzi Scheme

Big Tech is Levering Up

AI-related issuance has become the largest segment of the investment grade market

Private Equity's Uneven Recovery

Large-cap private equity is recovering. Middle market isn’t.

2026 Private Credit Outlook

Private Credit Has Too Much Software

Investors are uneasy over private credit's exposure to the industry.

PE Returns are Falling Behind

Private equity is lagging public markets as it grapples with a new market environment

2026 Private Equity Outlook

Public Credit is Back in the Game

The BSL market is competing, and winning, against private credit

The M&A Market is Thawing

An M&A rebound is driving optimism across private markets

2026 Private Credit Outlook

See where the industry is headed in 2026.