The Private Credit Illiquidity Premium Is Quietly Disappearing
Private credit's central sales pitch has a quiet problem, and the legal industry noticed before most advisors did. A Dechert analysis published on Mondaq August 17, 2026 documents how business...
CLO Equity Explained: The Riskiest, Highest-Paying Slice of Private Credit
CLO equity is the tranche that eats losses first and profits most, and according to the SEC's investor education office , it's also one of the least understood corners of private credit. A CLO,...
Cov-Lite Loans and the Covenant Erosion Hiding in Your Private Credit Portfolio
TL;DR Over 90% of large-cap leveraged loans are now covenant-lite, yet recovery rates on cov-lite senior secured debt trail covenanted loans by roughly 10 percentage points, running at 65 to 67 cents
Leveraged Loans: The $1.55 Trillion Private Credit Instrument Most Accredited Investors Haven't Touched
TL;DR A leveraged loan is senior secured floating-rate debt issued to sub-investment-grade companies, typically used in leveraged buyouts and corporate acquisitions. The US leveraged loan market reach