The Unicrunch — MUFG’s lending hiatus and BDC earnings kickstart

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Market Wraps

Private Credit

Taking the Credit — If you can’t beat EM, join EM

LPs are rethinking their private credit portfolios as geopolitical headwinds and wobbles in US private credit raise new questions about concentration risk in more mature, or ‘developed’ markets. As a result, investors are giving emerging markets a closer look.

24 Jul 2026

| Europe

Market Wraps

Private Credit

Taking the Credit — Private credit flirts with preferred equity as exits stutter

Once reserved for distress, preferred equity has become an “acceptable liquidity solution” for a market struggling with exits, Paul Hastings’ global finance partner Jennifer Passagne told 9fin. And it seems that dealmakers agree. They’ve seen the number of deals featuring pref equity at least double over the past 12 months, according to 9fin sources.

17 Jul 2026

| Europe

Market Wraps

Private Credit

Taking the Credit — Seeing what you want to see

Is it a bat or a butterfly? As ever, it depends who you ask. Private credit has become a financial markets edition of the Rorschach test: for every declaration of health and explanation of a maturing asset class undergoing growing pains, there are fresh cockroaches unearthing themselves and further regulatory interventions warning of echoes with the 2008 GFC.

10 Jul 2026

| Europe

Market Wraps

Private Credit

The Unicrunch — Slow markets, more secondaries

The booming credit secondaries market, which has held the spotlight throughout 2026 due to growing liquidity needs across private credit and BDCs, looks set to keep growing.

12 Jun 2026

| US

Market Wraps

Private Credit

Taking the Credit — Private credit’s big spring clean

There's plenty of headlines about how non-traded BDCs have been dealing with redemptions, but what might be overlooked is how continuation funds are providing investors in traditional closed-end funds with an orderly exit.

17 Apr 2026

| Europe

Market Wraps

Private Credit

Taking the Credit — Fundraising numbers don’t lie

9fin | Ask anyone working in private credit about recent headlines, and you’ll likely get a chuckle, a grimace and the impression that some news coverage is more akin to ‘the boy who cried private credit crisis’ than reality.

10 Apr 2026

| Europe