News

The Standard of Care is central to CLO management. In the second edition of our CLO Insights Series, we examine its practical impact on managers’ responsibilities. The principle is straightforward but important: CLO Managers must manage capital with the same level of skill and attention they apply to comparable assets across their business. Reasonable care […]

In a market environment characterised by ongoing disruptive events, investors are seeking reliable and predictable sources of return.  Mid-market direct lending, when guided by a clear strategy and executed with discipline, can provide precisely that— predictable, reliable, risk-adjusted returns.   In our latest insights, we explore how Pemberton’s investment focus, through successive fund generations and structural […]

Market shifts naturally create new dynamics for general partners, bringing new opportunities for growth. For those ready to act, these changes can serve as a catalyst for long-term success.   Pemberton’s GP Solutions provides GPs with non-dilutive capital that unlocks the value appreciation of their prior fund investments that can be reinvested to support future fund […]

At Pemberton, stewardship is a key activity in how we partner with borrowers. In our latest article, Stewardship in Action: Case Studies of Leading Practice in Private Credit, we bring four stewardship tools recommended by the UN-backed Principles of Responsible Investing to life

Par value is the cornerstone of CLO structures, shaping investor protections and serving as a key measure of a manager’s skill. The first edition of our CLO Insights Series explores the central role of par value with a focus on: For institutional investors, understanding par value dynamics is essential for CLO evaluation and manager selection. […]

The first quarter of 2025 saw a continued improvement in the quality of new deal introductions, with M&A processes gaining notable momentum and outpacing refinancing and recapitalisation activity. This positive start has established a solid foundation for the second quarter. In our European Mid-Market Monitor, we explore key trends and developments in direct lending and spotlight the technology sector, one of our most active areas in 2024 and an ongoing source of high-quality opportunities. We also provide regional insights from the Benelux market, which remains resilient and active in M&A despite broader global headwinds.

In SRT Volumes: The Road to $200bn, Olivier Renault, Pemberton’s Head of Risk Sharing Strategy, explores key drivers behind the market’s expansion and its path to a potential $200 billion milestone.

The bank balance sheet securitisation market has enjoyed significant growth over the past five years and looks set to continue apace on the back of clearer regulation

As NAV Financing continues to gain traction across the private credit industry, it’s becoming a powerful tool for private equity funds to address diverse needs—from fueling growth to supporting portfolio stability.

The rise of NAV financing for private equity buyout funds is drawing the attention of insurance company chief investment officers due to the attractive risk/return characteristics and strong structural credit protection features in a nascent and fast-growing asset class.

The growth and return opportunities for direct lending in Europe’s mid-market are highly attractive.With banks continuing to reduce lending volumes and increased market volatility reducing thepredictability of public financing markets, private credit has emerged as a robust solution for borrowersand LPs alike.However, direct lending portfolios have been tested by slower economic growth, the impact of […]

LPs are benefiting from higher asset level returns. This is a function of market dislocation over the last 24 months, a more pronounced absence of banks from the market and the rate hike cycle implemented by the European Central Bank, the Bank of England and the US Federal Reserve. This is benefiting our current fund […]