Direct Lending Archives | Private Equity Bro

Fund Finance Underwriting for Lenders

10 September 2026

A subscription line and a NAV facility can carry the same borrower name and almost nothing else in common. The…

Stretch Senior Loans Explained: How They Bridge Senior and Unitranche Debt

29 July 2026

A stretch senior loan is a first-lien senior secured loan that advances more leverage than a conventional bank facility but…

Unitranche vs. Mezzanine Financing: Which Debt Structure Fits Your Deal?

20 July 2026

Unitranche vs mezzanine financing describes the choice between two distinct private debt structures. A unitranche loan is a single secured…

How to Navigate the Term Sheet Process in Private Credit

13 June 2026

This article explains how private equity sponsors should manage the private credit term sheet process, compare multiple lender proposals, negotiate…

How to Run a Bookbuilding Process in Private Credit

12 June 2026

Private credit bookbuilding is the process of testing lender appetite, collecting indications of interest, comparing leverage and pricing, and selecting…

Top Private Credit Firms: Key Players Investors Should Know

8 June 2026

Private credit is non-bank lending and credit investing negotiated outside broadly syndicated bond and loan markets. It includes direct lending,…

Asset-Based Lending vs. Cash Flow Lending: What’s the Difference?

14 April 2026

Asset-based lending, or ABL, advances money against identifiable collateral such as receivables, inventory, and equipment, whose value can be monitored…

Leverageable Assets in Private Equity: Their Strategic Role Explained

16 March 2026

Leverageable assets are cash-flowing or monetizable assets that can support third-party debt at the portfolio company, holdco, or fund-adjacent level.…

Receivables Finance vs. Factoring: Which Offers Better Advance Rates and Lower Dilution Risk?

20 October 2025

Receivables finance refers to funding structures that unlock cash from accounts receivable. The three common options are asset-based lending, receivables…

Asset-Based Lending: Borrowing Base Calculation, Reserves, and Field Exam Essentials

17 October 2025

Asset-based lending is a first-lien revolving credit facility secured by short-term assets, primarily accounts receivable and inventory. Unlike cash flow…

Direct Lending Defaults and Recoveries: 5 Data-Backed Insights for Private Credit Investors

10 October 2025

Direct lending defaults and recoveries are no longer theoretical. They are decision variables that determine gross IRR, incentive fees, and…

Unitranche Loans: Pricing Structures, Terms, and Adoption in Private Credit

8 October 2025

A unitranche loan is a single debt facility that blends senior and subordinated risk into one instrument with one coupon.…

Private Credit vs. Bank Loans: Comparing Covenants, Underwriting and Costs

6 October 2025

Private credit refers to nonbank lenders such as direct lending funds, business development companies, and insurance platforms that originate and…

Europe vs U.S. Private Credit: Pricing, Documentation, and Deal Flow Trends

3 October 2025

Private credit is direct lending by non-bank institutions to private companies. In sponsor-backed deals, it is now the default financing…

Private Credit Market Trends And Growth Outlook

31 July 2025

What Is Private Credit? Private credit refers to non-bank lending provided by investors directly to borrowers. Unlike syndicated loans, which…

Private Credit Market Outlook and Key Investment Trends

12 July 2025

The Private Credit Landscape: A Two-Trillion-Dollar Reality Check The last decade has seen a substantial change in institutional capital allocation.…

Yield-to-Maturity in Private Credit: What Investors Need to Know

30 May 2025

What is Yield-to-Maturity in Private Credit In traditional finance, yield-to-maturity (YTM) is a fixed-income staple — a measure of expected…

Ares Management Private Credit: Powering Global Finance

30 March 2025

Ares Management Corporation (NYSE: ARES) has cemented itself as a global leader in private credit, managing over $210 billion in…

Morgan Stanley Private Credit: A Market Leader in Private Debt Solutions

29 March 2025

Morgan Stanley Private Credit stands as a premier investment platform within Morgan Stanley Investment Management, specializing in mezzanine debt and…

Blue Owl Capital’s Private Credit Division: A Market Leader in Alternative Investment Solutions

28 March 2025

Blue Owl Capital has established itself as a formidable leader in the private credit landscape, leveraging its substantial market presence…

HPS Investment Partners: A Leading Force in Private Credit

27 March 2025

HPS Investment Partners stands at the forefront of the global private credit landscape, managing approximately $123 billion in private credit…

BlackRock Private Credit: A Comprehensive Overview

21 March 2025

BlackRock Private Credit stands as a cornerstone of the world’s largest asset manager’s alternative investment strategy. With over two decades…

Goldman Sachs Private Credit: Overview of Goldman’s Credit Division

20 March 2025

Goldman Sachs Private Credit represents one of the most significant players in the global alternative investment landscape, combining deep market…

Apollo Global Management: A Leader in Private Credit and Direct Lending

19 March 2025

Apollo Global Management has established itself as a powerhouse in the private credit market, offering innovative financing solutions across corporate…

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