The Complete PIK-ture
A guide to private credit trends since 2021 Payment-in-kind (PIK) interest, an innovative structure to defer interest payments, is being used more often in private credit, driven by relatively higher interest rates and pressure on borrowers with potentially high or weak financial performance. PIK usage has increased in a post-pandemic world as we moved into […]
Weekly Market Wrap
30th January 2026
Global markets were shaped by cautious risk sentiment, mixed equity performance, and continued repricing in bond markets, alongside several notable policy and geopolitical developments during the week. Key Themes Markets remained cautious amid a “higher-for-longer” interest rate environment and rising long-end bond yields. Equity performance was mixed across regions, reflecting selective sector leadership and valuation […]
Weekly Market Wrap
23rd January 2025
Global markets were mixed during the week as elevated long-end bond yields and diverging central bank trajectories weighed on risk appetite. US equities were broadly flat with relative resilience in technology, while Indian equities corrected on valuation pressures, foreign outflows, and higher crude prices; European and Chinese equities remained subdued amid weak economic data and […]