Insights

Valuations remain an important barometer for LGPS Funds, making now an ideal moment to revisit the strengths of European Private Credit. In our latest paper, we delve into how European mid-market lending can help support inflation-linked cashflows while also serving as a key driver for economic growth. With mid-market companies employing one in six people […]

Private credit capital is moving to Europe. In our latest Viewpoint, we analyse H1 2025 asset allocation data revealing a marked shift toward Europe compared with 2024, a strong indicator of a longer-term trend. Following our first article on Europe’s renewed focus post-US trade policy changes, we now examine what’s driving institutional capital reallocation and […]

CLO structures incorporate mechanisms designed to protect investors across varying credit environments. Historical performance data from Standard & Poor's confirms negligible defaults across multiple stress periods, from the 2008-09 crisis through the recent inflation cycle.

We’re seeing a major shift in the market: CVs now make up 16% of sponsor exits, yet >85% of LPs aren’t rolling their stakes, leaving significant potential upside on the table. The time has come to reconsider how NAV loans can deliver liquidity, protect fund metrics, and ensure LPs retain 100% of the upside in […]

As we close Q3 and look ahead to year-end, the European mid-market continues to demonstrate resilience despite broader macroeconomic challenges. M&A volumes in Europe remain steady, with over half of our introductions this quarter tied to sales processes, while refinancings, including Continuation Vehicles, continue to represent a prominent theme. In our quarterly European Mid-Market Monitor, […]

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 […]

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/LP Capital provides GPs with non-dilutive capital that unlocks the value appreciation of their prior fund investments that can be reinvested to support future fund […]

Pemberton’s Managing Partner and Co-Founder, Symon Drake-Brockman, shared his views on European private credit opportunities with Francine Lacqua on Bloomberg’s The Pulse show yesterday.

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. […]

Pemberton is pleased to share our latest insights on how responsible investing (RI) underpins our core objective: financing resilient, well-managed European businesses with strong growth potential.

Momentum in M&A and the diverging macro-landscape between the US and Europe reinforces Europe’s investment appeal where we believe better risk-return is available for LPs.