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Letter from Tokyo (First of a Series)
We began our visit to Tokyo this week attending S&P’s Structured Finance Seminar 2025. Along with almost 200 Japanese bankers…
Read MoreThere’s a New Tariff in Town (Second of Two Parts)
One criticism of private credit goes something like this: “Sure, private credit has a pretty good track record. But that’s…
Read MoreThere’s a New Tariff in Town (First of Two Parts)
This week we look at questions from clients and friends surrounding the issue of tariffs. Not surprisingly, as we’ve discovered…
Read MoreLetter from Kuala Lumpur (Second of Two Parts)
APAC countries each have their own path to investing in alternatives and private capital. Most key Malaysian institutions began with…
Read MoreLetter from Kuala Lumpur (First of Two Parts)
Last month our travels took us to Malaysia’s capital, Kuala Lumpur, a city of about 2 million. There we met…
Read MoreLetter from Down Under (Second of Two Parts)
As the Australian market has matured, it has geared a variety of private credit products to different investor types. These…
Read MoreLetter from Down Under (First of Two Parts)
In our travels last month to Perth, Melbourne, and Sydney, we had over twenty meetings with clients and friends that…
Read MoreLetter from the Persian Gulf
It had been a while since our last MENA visit, so on a recent trip there with our teams, clients…
Read MorePrivate Credit in a Post-Rate World (Last of a Series)
The notion of a post-rate world is arguable, as anyone in the capital markets over the past two decades would…
Read MorePrivate Credit in a Post-Rate World (Fourth of a Series)
The proponents and beneficiaries of private capital have long recognized its virtue of being less correlated with headline risk than…
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