Covenant Lite

Covenant Lite

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Blue Owl on the Ropes
When the going gets tough in private credit
 • CovenantLite
How Ares Built an ABF Platform the Slow Way
Lessons from one of the leaders in alternative credit
 • CovenantLite
Everyone Becomes a Bank Eventually
Is the end state of all non-banks to become a bank?
 • CovenantLite
2025 Year-End Review
What a year it's been
 • CovenantLite
Covenant Lite #47: Blackstone and Oaktree Think They Can Predict the Weather
How private credit is increasingly looking to invest in catastrophe reinsurance
 • CovenantLite
Covenant Lite #46: The Forgotten History of Insurance as America’s Original Private Lender
Why insurance capital in private credit is more reversion than innovation
 • CovenantLite
Covenant Lite #45: Blue Owl's Failed Merger and Cracks in Non-Traded BDCs
A case of poor timing or something bigger?
 • CovenantLite
Covenant Lite #44: The Interval Fund That Ate the Market
Inside Cliffwater's $32B Credit Machine
 • CovenantLite
Covenant Lite #43: The Barbarians of KKR are Storming the Gate of ABF
How Dan Pietrzak and Varun Khanna Built a Global Asset-Based Finance Machine
 • CovenantLite
Covenant Lite
Covenant Lite
Allocator at Top 5 Fund of Funds, Private Credit focus, Niche Strategies preferred. Weekly articles on private credit topics.
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