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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.

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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.

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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.

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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).

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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.

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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.

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Insight  |  February 2, 2026

Muzinich Weekly Market Comment: Hedging the US Dollar

One month in, the long end of the government bond curve has underperformed – with the Japanese government bond curve steepening the most – while European government bonds outperformed their US peers across the curve. Corporate credit was a clear winner in fixed income, with emerging-market high yield as the standout performer. Within the investment grade space, European credit was the place to be, helped by its relative sovereign performance.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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 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 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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