Market Insights

Private Credit Grows Up: When Execution Matters as Much as Underwriting
Private credit built its first decade on origination and credit

Cheap Bank Debt Is Back. Which Private Credit Borrowers Leave First?
As banks and syndicated markets refinance stronger borrowers at lower

Who Marks the Book? The Case for Independent Loan Administration in Private Credit
Private credit has spent a decade being valued largely by

The WHOA (Dutch Scheme): How this Cross-Border Restructuring Tool Works, And What It Asks of a Security Agent
Since it entered into force on 1 January 2021, the

Private Credit and the Insurance Balance Sheet: Long-Dated Capital, Illiquid Assets and Regulatory Scrutiny
Private credit is, in principle, a natural fit for life

Aircraft Escrow in Europe: A Different Approach to Cross-Border Aircraft Closings
For the better part of two decades, aviation escrow has

French Restructuring in 2026: The Rise of Creditor-Led Solutions
Recent French restructuring transactions have provided a clear indication of

Appropriation of Financial Collateral: The Remedy and Its Practical Demands
Appropriation is among the more powerful enforcement remedies available to

Private markets meet their first true stress test: inside the Bank of England’s second SWES
On 19 June 2026, the Bank of England moved its

Above the Waterfall: Mezzanine and HoldCo Financing for Infrastructure Fund stacks
Infrastructure debt has long been considered one of the most

NAV Finance, ABL and Fund Finance: Market Trends, Structuring and Tensions in Private Credit in 2026
Altrium Financial Services, in collaboration with King & Spalding The

Double LuxCo Structures in Spanish Financing: What Happens When Insolvency Is on the Table? (Part 2)
Our first article on Double LuxCo structures in Spanish financing

The Numbers Behind the Numbers: Interest Mechanics in Modern Leveraged Finance
Interest calculation is rarely the first thing that comes to

When Private Credit Meets 2007 Headlines, Transparency Is Non-negotiable
Private credit has moved from niche strategy to a central

Double LuxCo Structures in Spanish Financing: Control, Enforceability and Alignment (Part 1)
Over the past few years, Double LuxCo structures have become an increasingly

European Private Credit 2026: Deployment Pressure, Downside Discipline and the New Restructuring Reality
A comprehensive analysis of market dynamics, diversification trends, documentary standards,

When Creditors Become Shareholders: The Case for Independent Directorship
In enforcement and restructuring scenarios, governance is sometimes treated as a secondary

The Modern Escrow Agent: Turning M&A Closings Into Value-Generating Events
In most M&A deals, escrow is treated as a formality:
CREFC Conference Insights
CREFC Conference Insights Competition, Geopolitics, and a whole heap of

Continuation Funds: The New Normal in Private Equity
Private Equity houses are relying more on continuation funds as

Portability Clauses: The Quiet Revolution in Private Equity Financing
The return of billion-dollar M&A deals was supposed to reignite

Secondary Transactions: Unlocking Liquidity in Private Markets
Secondary exit options in private equity are experiencing rapid evolution