Prime Capital Eyes Lower Target for Debut Infra Debt Fund – Exclusive
Prime Capital, a European infrastructure‑debt specialist, announced it will lower the fundraising target for its debut infra‑debt fund. The manager also extended the fundraising window by roughly six months to tap renewed investor appetite for infrastructure assets. The revised target reflects a more conservative capital commitment amid strong demand for ESG‑aligned projects. The adjustment aims to accelerate capital deployment once the fund closes.
Private Equity's Dry Spell Now Worse Than 2008 Crisis, Bain Says
40% of GPs Expect to Mull CV in the Next Two Years – Bain Study
Bain’s latest survey finds that 40% of private‑equity general partners plan to evaluate a continuation vehicle (CV) within the next two years. More than half of those respondents say the primary motivation is to return capital to existing limited partners....
Morgan Stanley’s PCA Chief Leaves the Bank
Morgan Stanley announced that its global head of the Principal Capital Allocation (PCA) group has departed the firm. The bank confirmed the PCA unit will continue operating without interruption, but a successor has not yet been named. The move follows...
Flipping the Script: Inside DealMAX with GF Data’s Ruben Burke and Ryan McCann
GF Data’s senior leaders Ruben Burke and Ryan McCann joined the Inside DealMAX podcast to discuss how the Las Vegas conference is reshaping engagement between data providers and middle‑market dealmakers. They previewed GF Data’s Q4 2025 findings, highlighting a 30%...
Investor Intentions: NCIA Looking to Grow Its Private Infrastructure Portfolio
The National Council for Infrastructure and Assets (NCIA) is signaling a strategic push to expand its private infrastructure holdings, with allocations projected to reach between $8 billion and $10 billion. This represents a sizable portion of the council’s overall investment portfolio and...
Meridiam Amasses over €2bn for European Infra CV Fund
Meridiam has closed a continuation vehicle (CV) fund that raised more than €2 billion to acquire a portfolio of 22 European infrastructure assets. The assets span highways, high‑speed rail, hospitals, university accommodation and a range of low‑carbon solutions. The fund provides...
Secondaries’ Next Iteration: Market Capitalisation in 2026 and Beyond
Evercore’s global head of private capital advisory, Nigel Dawn, outlined the outlook for secondary market activity through 2026 in the latest Secondaries Investor podcast. He highlighted accelerating capitalisation, driven by heightened LP liquidity demands and a surge in GP‑led transactions....
Blue Owl Sold Private Loans To Pension Giants And Own Insurer
Blue Owl Capital secured four buyers for a $1.4 billion private‑loan portfolio to meet a looming cash‑return deadline in one of its credit funds. The purchasers include three of North America’s largest pension funds and Blue Owl’s own insurer, Kuvare. The...
Blue Owl Halts Quarterly Redemptions in a Non-Traded BDC
Blue Owl Capital Corp II, a non‑traded business development company, has halted its quarterly redemption program, effectively gating investors. The manager simultaneously sold approximately $1.4 billion of loans across three of its BDC portfolios to bolster liquidity. The redemption freeze and...
LPs Reveal Their Biggest Frustrations with GPs
Ahead of PEI’s NEXUS conference, a new survey of limited partners (LPs) uncovered the top sources of friction with private‑equity general partners (GPs). The research highlights persistent issues such as opaque performance reporting, unpredictable capital calls, and fee structures that...
Tikehau Latest Manager to Close Credit Secondaries Fund as Market Fires on All Cylinders
Tikehau Capital’s second credit‑secondaries fund closed with over $1 billion in commitments, less than a year after its first vehicle launched in H2 2023. The rapid close reflects soaring investor appetite for private debt secondary transactions, which offer immediate cash flow and...
PE Weekly: Fundraising for Follow-On Investments
The latest Middle Market Growth roundup highlights a wave of fundraising activity aimed at follow‑on and continuation investments. JLL Partners closed its ninth fund with $1.4 billion, while HarbourVest launched a $1.1 billion Private Equity Continuation Solutions fund. Union Capital secured $450 million...
The Increasing Visibility of Stress
The latest editorial highlights that Business Development Companies (BDCs) are increasingly mirroring broader credit stress in the market. Deteriorating loan performance and tighter financing conditions are evident across BDC portfolios. At the same time, a looming maturity wall—large volumes of...
Loan Note: Carlyle’s Sidhu on the European Opportunity; Configure Highlights Mixed M&A Picture
Carlyle’s Taj Sidhu expressed optimism about Europe’s private‑debt market, citing strong borrower resilience and attractive financing conditions. He highlighted low‑interest‑rate environments and a growing pipeline of mid‑market deals as catalysts for continued asset growth. Meanwhile, Configure’s latest M&A snapshot described...
Schroders Capital Hires Asia Fundraising Head From Oaktree
Schroders Capital has appointed Sabrina Meng as its new Head of Asia Fundraising, transitioning from Oaktree Capital Management. Meng will assume the role next month, bringing extensive experience in private‑debt capital raising across the region. The move underscores Schroders' ambition...
Bloomberg: Leveraged Lending Insights – 2/16/2026
The US leveraged loan market opened 2026 with extraordinary vigor, posting $168.2 billion in new issuances during January—the strongest monthly total in over a decade. By mid‑February, activity slowed dramatically, with only $25.9 billion of new deals launched through February 18, the lowest...
The Pulse of Private Equity – 2/16/2026
Technology private equity deal activity surged in 2026, with total deal value climbing 67.4% year‑over‑year while the number of transactions rose a modest 13.4%. The gap between value and count indicates that firms are executing larger, mega‑cap deals rather than...
Infra’s $650bn Window of Opportunity
The article highlights a $650 billion infrastructure investment window but notes that markets are penalising hyperscaler capital expenditures that appear erratic. It questions whether traditional infrastructure managers can impose the discipline needed to attract capital. The piece warns that unchecked hyperscaler...
Midmarket Dealmakers’ Confidence Remains Steady: ACG Survey
The Association for Corporate Growth’s Q1 2026 Market Pulse Survey shows middle‑market dealmakers remain cautiously optimistic, with 64% anticipating a slight increase in M&A activity over the next six months—mirroring the prior quarter and up from 54% earlier in the...
KBRA Direct Lending Deals: News & Analysis – 2/16/2026
Kroll Bond Rating Agency (KBRA) released its latest direct‑lending default indices covering the trailing‑twelve‑month period ending February 17, 2026. The indices aggregate performance data from a broad universe of private credit transactions, including senior secured loans, unitranche facilities, and mezzanine tranches. By...
Middle Market Deal Terms at a Glance – February 2026
SPP Capital Partners released its February 2026 Middle Market Deal Terms snapshot, updating leverage, debt‑to‑EBITDA, and pricing metrics for senior bank cash‑flow, senior non‑bank unitranche, and junior capital across micro, small and mid‑cap segments. Compared with February 2025, leverage ratios have nudged...
Debtwire Middle-Market – 2/16/2026
The VanEck BDC Income ETF is yielding 12.3% as of 12 February, just below its five‑year high of 12.8% reached in April 2025. In contrast, the BofA Merrill Lynch US High Yield index has slipped to 6.6%, down from an 8.5%...
Octus: Private Credit & Deal Origination Insights – 2/16/2026
In the third quarter of 2025, Business Development Companies (BDCs) reported the highest non‑accrual rates among issuers in the Information Technology (23%) and Consumer Discretionary (22%) sectors. The data, released in Octus’s private‑credit briefing, shows a clear tilt toward software‑heavy...
Leveraged Loan Insight & Analysis – 2/16/2026
Business development companies (BDCs) have seen their share price to net asset value (NAV) ratios slip lower as investors anticipate reduced base rates and grapple with heightened software sector exposure. The average price‑to‑NAV now sits below 95%, reflecting a widening...
Australia’s Energy Transition Hits a Permitting Wall
Australia’s renewable rollout is stalling as planning and environmental permitting delays choke new generation projects. State‑level approval processes are taking years, pushing back construction of solar farms, wind parks and battery storage. Although the federal government has introduced streamlined pathways,...
Expect the Unexpected: A 2026 Lending Outlook with WhiteHorse Capital
WhiteHorse Capital’s Pankak Gupta and Stuart Aronson forecast a cautious‑optimistic 2026 for middle‑market lending, citing modest Federal Reserve rate cuts and lingering inflation. They expect a rebound in M&A activity with narrowing valuation gaps, while new capital inflows are driving...
Private Equity Holding Periods Continue to Climb
Private‑equity firms now hold portfolio companies for a median of six years, the longest span since the metric began tracking in 2000. The increase reflects delayed exits caused by market uncertainty, the COVID‑19 pandemic, and a strategic shift toward add‑on...
PE Weekly: Business Services Retains Its M&A Strength
Business services private equity firms continued a busy week of M&A, completing multiple platform acquisitions—including Kingswood Capital’s purchase of Safran Passenger Innovations (renamed RAVE Aerospace), H.I.G. Capital’s buy of CargoTuff, Trinity Hunt Partners’ launch of Allvia, KPS Capital’s pending acquisition...
