Opinions

disruption_small.jpg

Insight  |  March 4, 2026

Why credit markets offer greater control during disruption

As investors reassess business model durability, capital intensity and long-term monetisation, market narratives have become more volatile and polarised.

Quo_small.jpg

Insight  |  March 2, 2026

Muzinich weekly market comment: central banks, status quo

The US Supreme Court's decision to strike down the use of the International Emergency Economic Powers Act (IEEPA) as the legal basis for tariff imposition created remarkably little fanfare in financial markets last week. This is partially due to fact that the legal challenge has been building for months, giving markets ample time to anticipate the outcome and price in the possibility of a ruling against the administration.

em_small.jpg

Insight  |  February 23, 2026

Muzinich Weekly Market Comment: Ten Reasons for Emerging Market (EM) Credit

Last Monday was Presidents’ Day in the US, while much of Asia was closed for the week celebrating the Lunar New Year (Year of the Fire Horse), and in Europe, school half-term holidays further lowered trading liquidity.

ai_small.jpg

Insight  |  February 19, 2026

Discipline among disruption – private credit investing in the age of AI

AI is forcing investors to rethink business models and the embedded risks. For private credit, distinguishing durable cash flows from disruption risk has become critical, argue Rafael Torres and Gianpaolo Pellegrini.

china_landscape_small.jpg

Insight  |  February 17, 2026

Asia Pacific private credit - Complexity creates opportunity

Supply chain reconfiguration, infrastructure needs and divergent banking behaviour are reshaping demand for capital, creating a landscape where complexity, selectivity and structure are defining the private credit opportunity set, argues Andrew Tan.

japan_Small.jpg

Insight  |  February 16, 2026

Muzinich Weekly Market Comment: What Debt Problem?

Last week got off to a flying start, building on a strong close from US equities the preceding Friday (6th February) and gaining further momentum at the London open on Monday (9th February) with news from Japan that Prime Minister Sanae Takaichi’s gamble to dissolve the lower house and call a general election had paid off spectacularly, delivering a historic landslide for the Liberal Democratic Party (LDP).

Wave_Small.jpg

Insight  |  February 9, 2026

Muzinich Weekly Market Comment: Ocean Swells

This week was anything but plain sailing for investors. It was not a full-blown storm, but a series of large swells forming beneath the surface.

USUP_Small.jpg

Insight  |  February 4, 2026

US private credit - The lower middle market - the one less travelled by

In an environment of heightened competition and macro uncertainty, the lower middle market stands out as a structurally underserved segment in private credit, offering greater control, stronger protections and more resilient returns, argues Jens Ernberg.

stand-out.webp

Insight  |  January 29, 2026

Opportunities beyond the crowded core

In an increasingly competitive market, disciplined execution and a focus on the lower middle market remains critical to preserving capital and long-term returns, argue Kirsten Bode and Rafael Torres.

PD_Small.jpg

Insight  |  January 21, 2026

Private debt in 2026 - The underserved rises

In a fragmented global economy, our heads of Private Debt across Pan-Europe, the US and Asia Pacific discuss the five key themes they expect to characterise the market in 2026.

EM26-Outlook_Small.jpg

Insight  |  December 17, 2025

All-weather resilience - 2026 emerging markets outlook

Emerging market credit enters 2026 supported by easing geopolitical risks, stable fundamentals and relatively appealing valuations, offering selective investment opportunities argues Warren Hyland.

outlook_small.jpg

Insight  |  December 16, 2025

Roll down and Carry on - Credit investing in 2026

Tight credit spreads and strong fundamentals support disciplined positioning, favouring carry and high yield exposure to capture returns while managing risk, argue Erick Muller, Mike McEachern and Tatjana Greil-Castro.

apprach_small.jpg

Insight  |  November 25, 2025

Parallel lending: A disciplined path to resilient credit

By aligning with regulated bank standards, we believe parallel lending offers a transparent and resilient alternative within a market under increasing scrutiny, argues Gianluca Oricchio.

horse_small.jpg

Insight  |  November 18, 2025

Private credit: cockroach or workhorse?

Recent headlines about a handful of private credit defaults have ignited a fierce debate in financial circles. If there’s one default, should we expect more? Like spotting a cockroach in the kitchen, some worry that a single sign of distress hints at deeper problems lurking unseen. Others view these incidents as isolated - the natural byproduct of credit investment. So, which is it? Is private credit the cockroach or the workhorse of modern finance? Tatjana Greil Castro provides her views in this article.

ocean_small.jpg

Insight  |  November 4, 2025

Know what you own

In-depth knowledge of underlying holdings is key to riding out periods of uncertainty and volatility, argue Tatjana Greil-Castro, Kirsten Bode and our team of public and private market investment professionals.

Swim_Small.jpg

Insight  |  October 15, 2025

Corporates vs. sovereigns: why corporates have the edge

France shows why corporate bonds can beat sovereigns: some companies now borrow cheaper than the state itself.

dispersion_small.jpg

Insight  |  October 14, 2025

European high yield: A market built for active investors

Active management can unlock alpha in today’s European high yield market, argues Thomas Samson.

balance_small.jpg

Insight  |  September 23, 2025

From cash to credit: Taking advantage of the Fed pivot

Despite tight spreads, short-dated US high yield could be set to offer the kind of pickup over risk-free assets usually associated with volatility events, as Vikram Awasthi explains.

future_small.jpg

Insight  |  August 22, 2025

European private debt: Resilience and opportunity

While upper-middle market companies navigate headwinds caused by global trade uncertainty, their lower middle market counterparts are proving remarkably resilient, explain Kirsten Bode and Rafael Torres.

tariffs_small.jpg

Insight  |  August 12, 2025

Beyond tariffs: Why megatrends will determine the future of Asian private debt

Despite geopolitical headwinds and cautious capital deployment, Asian private debt could be primed for the next phase in its evolution. Andrew Tan explains how long-term structural themes are reshaping the opportunity set.

point_small.jpg

Insight  |  August 5, 2025

US high yield: Where convexity meets quality

A focus on quality, convexity and credit selection is key to navigating risk and generating returns in US high yield, argues John Colantuoni.

Load More