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Record fundraising in 2025 has left private lenders fighting for deals
Best deals, banks, investors, advisers, law firms and tech providers of 2025
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As the spread discount for refis narrows, managers are likely to head straight for the reset -
The manager increased the deal size as triple-A spreads show resilience, but mezz widens amid volatility
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Resets and refis dominate the pipeline but managers struggle to push below 150bp
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Structural protections should keep defaults and downgrades low amid geopolitical and macro risks
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How to get rid of old friends
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Primary spreads have so far withstood geopolitical risk and borrower concerns, but the balance is shaking
