Anthony DiNello, Head of Direct Lending, discusses (i) key market dynamics in the second quarter of 2026, including renewed macro volatility and a shift in the expected path of rates, a disconnect between record headline M&A volume and subdued sponsor-backed deal flow, and a firmer repricing of spreads, leverage and structures across private credit, (ii) a case study on a recently committed deal, the financing for the combination of Stryten Energy and C&D Technologies, one of the largest battery manufacturers in North America, (iii) an update on the platform's second quarter investment activity and portfolio performance, and (iv) an update on the firm's direct lending vehicles, including the anticipated launch of Specialty Credit Fund IV in early 2027.
