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The 2026 outlook for Americas private credit is dominated by the mass maturity of loans originated in 2021, pushing the asset class into the mainstream. Refinancing activity surged in 2025, with a 29% jump in deals that now represent 28% of total private‑credit transactions. Dealmakers report heightened confidence in their pipelines, signaling a potential acceleration of origination volumes. While a full M&A rebound remains uncertain, the refinancing wave is reshaping credit market dynamics.
KBRA released its latest TTM Direct Lending Default Index on February 23, 2026, showing a year‑to‑date default rate of 2.8%, up from 2.4% in the prior quarter. The index recorded 150 cumulative defaults across the direct‑lending universe, while the weighted average spread...
Paramount has sweetened its bid for Warner Bros. Discovery, raising the cash offer to $31 per share and adding several protective clauses. The revised terms include an accelerated quarterly ticking fee, a $7 billion regulatory termination fee, and a commitment to...
Ukraine will emerge from the war burdened with massive debt, but experts Yuriy Gorodnichenko and Maurice Obstfeld argue that restructuring—potentially including outright forgiveness—is essential to attract private capital. They estimate a $40 billion annual investment gap, split between rebuilding destroyed assets,...
Federal Signal reported a record $555 million in net sales for Q3 2025, up 17% year‑over‑year, driven by strong organic growth in both its Environmental Solutions and Safety & Security groups. Adjusted EBITDA margin expanded to 20.9%, a 130‑basis‑point improvement, while GAAP...
Huddly AS announced that its private placement was fully subscribed, issuing 3,750,000 shares at NOK 20 each and raising NOK 75 million in gross proceeds. The net proceeds will be used to repay a NOK 30.75 million shareholder loan and to bridge the company’s cash‑flow...
Panoro Energy ASA announced a series of fixed‑income investor meetings, appointing Arctic Securities and DNB Carnegie as joint bookrunners and SB1 Markets as co‑manager. The company is considering a $150 million tap issuance of its senior secured bond, pending market conditions...
Panoro Energy ASA announced a private placement of up to NOK 467 million (approximately USD 49 million) to help fund the acquisition of Kosmos International Petroleum’s 40.375% non‑operated interest in Block G offshore Equatorial Guinea. The offering consists of two tranches – a fully...
BAM Mutual announced the hiring of Philip Moos, a 30‑year municipal sales veteran from Wells Fargo, to bolster its municipal capital markets team. Moos will report to Bryan Baebler and focus on expanding BAM’s secondary‑market insurance business with institutional investors. The insurer currently...
Eagle Energy Metals Corp. completed its business combination with Spring Valley Acquisition Corp. II, creating Eagle Nuclear Energy Corp. The new company will begin Nasdaq trading on February 25, 2026 under the ticker symbols NUCL and NUCLW. The merger pairs the largest...
CalPERS, the $613.7 billion California public‑employees pension, announced it will require its private‑equity general partners to provide far greater transparency on portfolio‑company data. CEO Marcie Frost said enhanced visibility will sharpen risk management and fulfill fiduciary responsibilities. The fund plans to...
Spirit Airlines announced a deal with creditors that will allow it to exit Chapter 11 bankruptcy by late spring or early summer 2026. The restructuring will shrink the carrier’s balance sheet, cutting debt from $7.4 billion to about $2.1 billion, and will trim...
At the NEXUS 2026 conference, private‑equity executives highlighted that a slowdown in exits and tighter returns are straining the traditional LP‑GP relationship. Mike Lazorik of Texas TRS warned that alignment “has never been more complicated” as limited partners push for...
Direct secondaries are emerging as a leading exit strategy for private‑equity portfolios, prompting a reassessment of how these assets are valued. Subu Parmeswaran of Valuation Research Corporation highlights that traditional static models no longer capture the nuanced risk‑adjusted returns of these...
The Philippine Securities and Exchange Commission issued Memorandum Circular No. 11, Series of 2026, revising public‑ownership requirements for IPOs. The new tiered framework reduces the minimum float to 33 percent for firms under P500 million and as low as 15 percent for companies above P50 billion, with a...
Chair of Bain’s global private equity practice, Hugh MacArthur, says the growing ability for 401(k) participants to invest in private equity marks a major inflection point for the alternatives industry. He argues that retail access will set a new performance...
Meridiam has closed its latest infrastructure fund with €2.2 billion of commitments, extending its exposure to long‑hold European assets. The capital raise reached final close this week, adding to the firm’s growing pool of long‑term infrastructure capital. The new vehicle will...
GIC has emerged as the lead buyer for Meridiam’s continuation vehicle (CV) valued at over €2 billion. The CV aggregates a portfolio of 22 infrastructure assets currently held in Meridiam’s legacy funds. By acquiring the majority stake, GIC positions itself at...
The Ministry of Railways has launched an offer‑for‑sale (OFS) to off‑load up to 4 % of Indian Railway Finance Corporation (IRFC) equity, equivalent to 26.13 crore shares, with a green‑shoe option for an additional equal tranche. The floor price is fixed at...
Anthropic announced ten new AI plug‑in tools aimed at investment‑banking, private‑equity, engineering and design workflows. The rollout follows recent AI releases that sparked a sell‑off in traditional software stocks. Wall Street’s major indexes barely moved on the news, with the...
Brookfield-backed Rockpoint Gas Storage completed a secondary offering, selling 16.4 million shares at C$28 per share. The transaction generated approximately C$459 million in gross proceeds, including shares issued under an over‑allotment option. The capital raise bolsters the company’s balance sheet and funds...
Infra.Market, the Indian B2B construction‑materials platform, is raising ₹1,250 crore (≈$137 million) in debt from Singapore‑based Ascertis Credit. The loan will be secured by the company’s assets, promoter shares and stakes in its subsidiaries such as RDC Concrete and Neptune Readymix. Proceeds...
The Oklahoma Supreme Court is set to rule on $1.45 billion of winter‑storm bonds issued by Oklahoma Gas & Electric and Public Service Company of Oklahoma. Republican lawmakers allege the Oklahoma Corporation Commission violated state audit and ethics rules when authorizing...
Capital Constellation announced a strategic partnership with Gallatin Point Capital to co‑invest in lower‑middle‑market companies across North America. The alliance combines Capital Constellation’s deep sector expertise with Gallatin Point’s operational platform and capital resources. Both firms will jointly source, evaluate,...
Retired Vice Admiral William Hilarides has taken a senior role at Ventus Industrial, a private‑equity‑backed firm targeting the defense industrial base. He says his mission is to accelerate shipbuilding capacity and help portfolio companies produce at the pace the Navy...
Communications Minister Solly Malatsi has recommended approval of Dell Technologies' Equity Equivalent Investment Programme (EEIP) renewal, extending the commitment for another ten years and pledging over R230 million into South Africa. The EEIP framework allows multinationals to meet B‑BEE targets through...
The U.S. market‑structure bill’s permissibility section would formally allow banks and their holding companies to own and transact in digital assets, effectively expanding the range of activities deemed permissible under the National Bank Act. Critics argue that simply placing an...
UOB's CFO Leong Yung Chee said the bank's provisions for commercial‑real‑estate exposures in Greater China and the United States are more than adequate as bad‑debt formation slowed in Q4 2025. Problematic US CRE loans represent about 1% of the local...
Water infrastructure is emerging as a hot‑spot for private‑equity investment, driven by stable cash flows and climate‑related demand. Ambienta has signed a non‑disclosure agreement to pursue an add‑on acquisition in the sector, signaling confidence in further consolidation. Meanwhile, Hg announced...
Hong Kong‑based stablecoin payments firm RedotPay is exploring a U.S. IPO that could raise more than $1 billion and value the company at over $4 billion. The offering would be underwritten by JPMorgan Chase, Goldman Sachs and Jefferies, with a potential New York...
JPMorgan CEO Jamie Dimon warned that today’s aggressive loan‑making resembles the pre‑2008 buildup that led to the financial crisis. He said some rivals are taking “dumb” actions to inflate net interest income, while JPMorgan remains disciplined even if it means...
State and local governments issued a record $498 billion in municipal bonds in 2024 and topped $580 billion in 2025, driven primarily by infrastructure, education, and transportation projects. The surge reflects a shift from waning federal pandemic aid to local financing for...
India plans to raise 1.79 trillion rupees (about $19.7 billion) by selling stakes in state‑run firms through IPOs by the 2029/30 fiscal year. The effort is part of a broader $183.7 billion asset‑monetisation drive announced by NITI Aayog, following an earlier phase that fell...
Investor interest is reviving after a dearth of new airport privatisations in Europe. Potential deals are emerging for Sicily’s Catania airport, targeting a logistics hub, and Denmark’s Copenhagen Airport, which may welcome private investors again after a period of renationalisation....
The Structured Finance Association (SFA) and Bloomberg Index Services are co‑creating a new credit securities index that spans multiple asset classes. Designed to deliver consistent, transparent performance and risk metrics, the index will be embedded directly into Bloomberg Terminal workflows...
Citigroup announced the sale of an additional 24% stake in its Mexican retail bank, Grupo Financiero Banamex, for roughly $2.5 billion. The shares were bought by a consortium that includes Blackstone, General Atlantic, Brazil's BTG Pactual and Mexico's Afore Sura, among others. The...
Uber announced it will acquire parking‑reservation platform SpotHero, integrating spot‑booking directly into the Uber app. The transaction, expected to close in the first half of 2026, does not disclose financial terms. SpotHero operates in over 400 U.S. and Canadian cities,...
A federal judge in Connecticut dismissed a lawsuit filed by former COFINA bondholders against insurers Ambac, MBIA and related subsidiaries, citing a lack of personal jurisdiction. The ruling allows plaintiffs to refile a second‑amended complaint against MBIA Inc. by March 6,...
At the PEI Group’s NEXUS 2026 summit, Thoma Bravo partner Holden Spaht and New York‑based LP specialist Anastasia Titarchuk discussed how artificial‑intelligence disruption is reshaping private‑equity dynamics. Both highlighted accelerating deal flow in AI‑enabled software and the need for deeper technical diligence....
Former U.S. national security adviser Susan Rice, a Netflix board member, publicly criticized President Donald Trump on a podcast, prompting the president to demand her removal from the board. The outburst coincides with Netflix’s $82.7 billion bid to acquire Warner Bros....
Gridiron Capital has elevated Scott Harrison to Managing Partner and Chief Operating Officer, expanding its senior leadership team. Harrison, who blends investment acumen with operational expertise, now sits alongside founders Tom Burger and Kevin Jackson. The promotion comes as the...
Generative AI is transitioning from experimental projects to core business workflows. Companies are now emphasizing data readiness, robust governance, and quantifiable productivity improvements rather than lofty automation promises. This shift reflects a pragmatic approach to AI adoption, focusing on measurable...
Since the start of President Trump’s second term, the administration has completed ten direct equity investments in private firms, highlighted by a $1 billion stake in L3Harris Technologies' rocket‑motor unit and minority positions in Intel and critical‑mineral suppliers. The moves target...
Paramount Skydance, led by David Ellison, is still courting Warner Bros. Discovery (WBD) even though a shareholder vote is set for March 20. Netflix, the rival bidder, gave WBD a one‑week waiver on exclusivity, allowing direct talks with Paramount but...
BEWI Invest has published its fourth‑quarter and full‑year 2025 financial results, delivering a consolidated view of the company’s performance for the period. The filing, filed on the Oslo Børs and Euronext Oslo platforms, includes detailed income statements, balance sheet data,...
Morgan Lewis announced the addition of Joseph Gatti as a partner in its structured transactions practice, based in Washington, D.C. Gatti brings deep experience in structuring and executing asset‑backed securities, particularly single‑family residential assets and mortgage deals. He arrives from Amherst Residential, where...
Josh Harris of 26North warned that blending unaccredited investor capital with wealth‑managed funds in mixed‑regulation vehicles creates systemic risk. At PEI Group's NEXUS 2026 conference, he argued that such structures could trigger regulatory backlash and erode confidence in private markets....
An appellate court in the Southern District of Texas ruled that a creditor’s prima facie showing of a security interest entitles it to adequate protection under Chapter 11, remanding the First Brands‑Evolution dispute back to the bankruptcy court for further...
Evercore ISI projects Microsoft’s free cash flow to grow 5% in 2026 while hyperscaler capital spending jumps 58% to over $700 billion. In contrast, Amazon, Google, Meta and Oracle are expected to see FCF declines, whereas Nvidia and Apple are forecast...
Societe Generale announced a €1 billion capital decrease on 23 February 2026 by cancelling 15,170,791 treasury shares. The move reduces the bank’s share capital to €939.65 million, representing 751.7 million ordinary shares. In parallel, the bank reported that 34.3% of its €1.462 billion 2025‑2026 share‑buy‑back programme...
