Download PDF Introduction Business Development Companies (BDCs) have recently experienced a boom, representing a major expansion in the US middle-market lending and private credit markets. In fact, BDCs now manage approximately $478bn and provide about a quarter of all “direct lending” to US companies. Their growth has bridged the gap Read more…
Download PDF Introduction Recent discourse on the US economy has centered on a supposed AI-driven bubble. Nearly $1.5tn is being poured into data centers, microchips, and R&D in 2025, despite vague, circular business models. This has led regulators and experts (e.g., Michael Burry betting against Nvidia [NASDAQ: NVDA] and Palantir Read more…
Download PDF Recently, long-time investor and market sceptic Michael Burry deregistered his hedge fund, Scion Asset Management, effectively stepping away from managing outside capital while remaining active in markets. Almost simultaneously, he re-emerged publicly with a series of posts and a Substack focused on what he characterizes as an AI-driven Read more…
Download PDF Introduction The creator of Ozempic, the American pharma giant, biotech start-up, bid after bid, boardrooms and courtrooms… Yes, as you’ve probably guessed already, this article will be talking about the unprecedented takeover battle in pharma sector. Novo Nordisk and Pfizer have put everything on the table in their Read more…
Download PDF Introduction ITV’s [LSE: ITV] future has been the subject of much speculation, having attracted interest from potential buyers such as CVC Capital Partners [AMS: CVC]. However, ITV’s silence was finally broken on November 7, 2025, in a 70-word statement. ITV told shareholders that Comcast-owned [NASDAQ: CMCSA] Sky has Read more…
Download PDF Origins and Historical Growth Beginning in the 1980s, Asian private equity (PE) was still in its infancy. It was supported only by a few hundred million dollars in AUM and had a heavy reliance on public funding. Private limited partners (LPs) were rare, and capital originated mostly from Read more…
Download PDF Introduction Ownership in sports, once exclusively considered as a passion-fueled play by billionaire individuals, has attracted involvement from institutional investors. In fact, Private Equity and Venture Capital-backed deals in sports services totaled $31.64bn in 2024, representing a 259% growth from the previous year. The global branding, media revenue Read more…
Download PDF Introduction Over the past years wearable devices have moved from simple fitness trackers to essential tools to gain data related to health and lifestyle. Driven by an increasing trend in health consciousness, platforms like Garmin and Strava have reached tens of millions of monthly users, while new devices, Read more…
Download PDF Introduction- Understanding The Nature of Bank Liquidity Stress A bank liquidity crunch is a financial situation where banks face a shortage of immediately available cash to meet daily obligations. This shortage of usable liquidity is a funding problem, creating expensive conditions for banks to roll over short-term funding. Read more…
Download PDF Introduction – SPVs as the Backbone of Structured Finance Special Purpose Vehicles (SPVs) are separate legal entities formed by a sponsor, designed to acquire assets, issue securities and manage cash flows. SPVs are typically thinly capitalized with their own balance sheet, and many structured to be bankruptcy remote. Read more…
Download PDF Introduction Thames Water, the UK’s largest water and wastewater utility, enters the final quarter of 2025 burdened with more than £20bn of debt, limited liquidity, and a credit rating deep in non-investment-grade territory. The company, responsible for supplying water and wastewater services to approximately 15 million customers (roughly Read more…
Download PDF Introduction The past year has been difficult for the global automotive industry. Profitability has fallen, share prices have weakened, and several leading manufacturers have struggled to meet expectations. In this article, we explore the factors that led to this downturn and the reasons why even large-scale, multi-brand groups Read more…
Download PDF Introduction The precious metals market is reaching sky-high valuations; gold (Au) has broken $4,000 per ounce for the first time in history, dragging silver (Ag) to its decade-best levels alongside. The rally emerges as geopolitical uncertainty and conflicts drive central banks and investors to these traditional safe havens. Read more…
Download PDF Introduction Europe is recalibrating its industrial strategy for an era of geopolitical rifts and economic rivalry. After decades of prioritizing open markets and strict competition policy, EU leaders are now increasingly willing to foster “European champions” in critical sectors to secure the continent’s strategic autonomy. Supply chain shocks Read more…
Download PDF Introduction The evolution of Non-Performing Loans (NPLs) in Europe was shaped by the structural changes triggered by the 2008 Global Financial Crisis, when economic recession and slow judicial enforcement caused a drastic rise in impaired assets between 2008 and 2014. As outlined by the European Banking Authority (EBA), Read more…