Why private debt is beating private equity

Sherman McCoy, the lead character in the 1987 book The Bonfire of the Vanities by Tom Wolfe, was described as a “master of the universe” due to his role as the highest-earning bond trader at his broke

Credit markets are “partying like it’s 1999”, investor Jim Chanos tells Bloomberg. Chanos, a short-seller famous for predicting the collapse of Enron, thinks that private credit is being sold to inves

Issue of the week: private dysfunction? A brief ...

Private equity has grown rapidly in recent years. By 2024, there were more than $6trn in private equity assets, up from $2trn a decade ago, according to data firm Preqin. Venture capital added about $

Emerging markets (EMs) are back. The MSCI Emerging Markets index delivered a 31% return over the first ten months of the year, compared with just 18% from the developed markets-focused MSCI World inde

“History is just one f**king thing after another,” declares a vulgar schoolboy in Alan Bennett’s play The History Boys. Surveying the past 25 years can feel the same way. From Iraq to the euro crisis