Opinions

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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.

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Insight  |  August 18, 2025

Muzinich Weekly Market Comment: Animal spirits

In our latest roundup of the key developments in financial markets and economies, we look back on yet another positive week for risk assets and more advice to the Federal Reserve from the US administration.

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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.

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Insight  |  August 11, 2025

Muzinich Weekly Market Comment: Markets keep cool as political heat rises

In our latest roundup of the key developments in financial markets and economies, we explore why steady gains in risk assets mask continued tariff noise, sanction threats and policy uncertainty.

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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.

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Insight  |  August 4, 2025

A public path to private credit: The case for BDC equities

Business development companies offer insurers a liquid entry point to private credit. Ji He, Lloyd Ayer and Marcus VanBerkel explore how even a modest allocation can potentially boost income and reduce correlation risk.

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Insight  |  August 4, 2025

Muzinich Weekly Market Comment: Too little, too late

This past week brought an intense wave of information across multiple fronts—political, macroeconomic, microeconomic, and corporate. Analysts had a lot to digest: the reciprocal tariff deadline, month-end portfolio rebalancing, major central bank and policy meetings, top-tier US economic data, and key Q2 earnings from tech giants.

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Insight  |  July 28, 2025

Muzinich Weekly Market Comment: Markets shrug off tariff deadline

In our latest roundup of the key developments in financial markets and economies, it was another positive week for risk assets, despite the looming August 1 deadline for international trading partners to reach tariff agreements with the US.

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Insight  |  July 15, 2025

Strategic partnerships: Credit’s new frontier

Partnerships between banks and asset managers are reshaping the corporate lending landscape, as Gianpaolo Pellegrini and Stuart Fuller explain.

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Insight  |  July 11, 2025

Still exceptional: Why US assets continue to anchor global markets

Despite headlines warning of de-dollarisation and shifting capital flows, the fundamentals of US investment-grade credit remain strong. With new sources of structural demand emerging, rumours of the demise of US exceptionalism appear greatly exaggerated, argues Anthony DeMeo.

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Insight  |  July 10, 2025

European high yield: Rise of the underdog

As global investors look to add non-US dollar exposure, European high yield stands out as a stable, yield-enhancing alternative, as Thomas Samson and Jamie Cane explain.

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Insight  |  June 11, 2025

Firm foundations: Private credit and the transformation of European real estate

As Europe accelerates its push toward a low-carbon economy, private credit could become a key enabler of real estate transformation. Maurizio Cavaglià, managing director for private markets at Muzinich & Co, explains why the opportunity could be bigger than investors realise.

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Insight  |  May 27, 2025

Crossing borders: A global approach to short-duration credit

An allocation to global short-duration crossover credit may offer US and US dollar-focused investors multiple benefits, argues Eric Schure.

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Insight  |  May 21, 2025

Lift off: The case for aviation finance in institutional portfolios

As traditional lenders retreat from aviation finance, Muzinich & Co. aviation portfolio managers Alok Wadhawan, Brian Lau and Thomas Light make the case for institutional investors to allocate to the asset class.

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Insight  |  May 16, 2025

Global investment grade: Finding opportunities in an uncertain world

Global credit markets continue to grapple with renewed volatility driven by US policy shifts, geopolitical tensions and uneven fiscal responses across regions. Ian Horn and Anthony DeMeo discuss some of the recent changes in credit markets and how the opportunity set has evolved.

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Insight  |  May 13, 2025

Direct lending in a fragmented world

Tariff and macro uncertainty present risks and opportunities for private debt investors. Kirsten Bode, Rafael Torres, Andrew Tan and Michael Smith explain how these trends are manifesting in Europe, Asia Pacific and the US, while identifying common themes that cross borders.

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Insight  |  May 13, 2025

CLOs: Accessing high quality opportunities in structured credit

Collateralised loan obligations can offer investors attractive yields, low duration risk and diversification.

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Insight  |  April 25, 2025

Parallel lending: Built to withstand market storms

In a world where financial volatility is inevitable, evergreen parallel lending strategies could offer a compelling model for resilience. Gianluca Oricchio and Gianpaolo Pellegrini explain why their approach is positioned for whatever the market throws next.

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Insight  |  April 22, 2025

Credit vs equities: Crisis or correction?

When looking for evidence of investor panic in response to tariff-induced uncertainty, a single chart illustrates the difference between equities and credit markets, as Anthony DeMeo and Eric Schure explain.

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Insight  |  April 1, 2025

US investment grade: Safe haven or smart bet?

Despite uncertainty stemming from the US administration’s economic policies, US investment grade credit continues to show resilience. Anthony DeMeo and Eric Schure explain why they believe it remains a compelling allocation in an uncertain world.

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Insight  |  March 27, 2025

US private credit: Beware the blurring of the loans

With growing convergence between upper middle market private credit and the broadly syndicated loan market, the lower middle market could prove a valuable diversifier for investors, explains Michael Smith.

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