The Quiet Quarter That Wasn’t
Headline deal flow went quiet in the second quarter of 2026. Underneath it, two very different stories were unfolding at once. The Headline Number By
Headline deal flow went quiet in the second quarter of 2026. Underneath it, two very different stories were unfolding at once. The Headline Number By
Ninety million savers are about to gain access to an asset class that was never designed to be sold on a Tuesday afternoon. A Door
Payment in kind arrangements were once a niche tool for structuring flexibility. In 2026 they have become one of the clearest early readings on where
There is a specific moment in every credit cycle when the signals become readable — when the underlying stress that has been accumulating becomes visible
The democratization of private credit is one of the defining narratives of this capital market cycle. It is also one of the most structurally fraught.
Ask a private credit professional why secondary trading in their market is so thin, and they will give you a practical answer: the loans are
Private credit is having its moment. Assets under management have surpassed $2 trillion in 2026 and are on a trajectory toward $4 trillion by 2030.
Pricing has always been at the core of financial markets. The assumption was that with enough data, enough history, and enough participation, assets could be
Financial systems were once designed for openness. Cross-border flows, integrated payment networks, and global capital mobility were considered foundational. That assumption is now being re-evaluated.
The center of gravity in global finance has shifted. While public markets remain visible and influential, a growing share of economic value is now held