Publication
PitchBook – Finding value in middle market private credit
US private credit activity has started 2026 on a strong footing, following a year characterized by uneven conditions and episodic volatility…
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Publication
PEI – Secondaries’ evolving use case
Secondaries technology is increasingly proving its worth as a multi-faceted tool for GPs and LPs, says Churchill Asset Management’s head of secondaries, Nick Lawler…
Publication
PDI – A lending revival
Both senior lending and junior capital dealflow are poised for a significant resurgence as uncertainty eases and M&A activity returns…
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PDI – A safe haven
Mid-market services businesses are relatively insulted from the effects of trade policy and represent attractive opportunities for private capital…
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PitchBook – Unpacking continuation vehicle rationale
The GP-led market generated nearly $71 billion of transaction volume globally in 2024, of which continuation vehicles (CVs) represented approximately $55 billion. Head of Secondaries…
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PEI – Finding CVs’ place in portfolios
Private Equity International interviews Nick Lawler, head of secondaries at Churchill Asset Management, about how offering unique access to trophy assets, continuation vehicles could form…
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PE Hub – ‘Investors will flock to junior capital to lock in long-term, fixed rate return stability’
Junior capital offers delayed draw capacity, which is a critical source of funding for sponsors with buy-and-build investment strategies seeking to make post-closing…
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PE Wire – Outlook 2025: The sustained rise of continuation vehicles
Last year was estimated to deliver $140bn+ in global secondaries volume, the largest year on record and definitively surpassing the prior high threshold of ~$130bn…
Publication
PEI – How to be the perfect partner
Co-investing has become the darling of private equity, offering a tantalising combination of financial and strategic advantages over traditional fund deployment. Having a diversified portfolio…