by info@responsa.ch | Apr 24, 2026 | Insights
We are at a significant turning point in the evolution of the private credit market: why are we so convinced? Several major Wall Street banks, including JPMorgan, Barclays, Morgan Stanley and Citigroup, have begun trading credit default swaps (CDS) linked to private...
by info@responsa.ch | Apr 17, 2026 | Insights
The title we have chosen for this in-depth analysis is certainly not an imperative, but a noun linked to a technical and legal term that characterizes most illiquid funds: the suspension of redemptions, which—in technical jargon—is called a “gate” (or “cancello” in...
by info@responsa.ch | Mar 27, 2026 | Insights
Where do we stand with private credit? Every new development in this area prompts us to provide updates. This week, Apollo Global Management is limiting redemptions because—as we have repeatedly noted—“semi-liquid” funds are revealing their structural trade-off:...
by info@responsa.ch | Mar 20, 2026 | Insights
In recent weeks, the Financial Times has published several articles offering very different perspectives on the growth of private assets and private credit: the latter, in particular, has been the subject of reporting and analysis following the well-known episodes of...
by info@responsa.ch | Mar 13, 2026 | Insights
Semi-liquid private debt funds are based on the same simple concept that characterizes commercial banking: not all account holders will withdraw their deposits at the same time, creating a liquidity crisis for the bank. In reality, in situations of panic (whether...
by info@responsa.ch | Mar 5, 2026 | Insights
Although the fourth Gulf War is currently dominating the headlines, we continue to focus on news concerning a sector that is entering a crisis and could (and here the conditional is a must) trigger a real systemic crisis: private debt, which we have repeatedly...
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