Taking the Credit — Fundraising numbers don’t lie

Asia weekly — Zhuhai shores up Huafa

Asia weekly — Zhuhai Huafa ends Chinese developer calm

For much of 2026, China’s grinding property crisis had become “boring.” Restructuring lawyers and distressed investors would tell you that most of the action had been had, and all that was left was to negotiate around the edges. This week, that changed. On Monday, the market awoke to reports that Zhuhai Huafa Properties didn’t know how it would acquire the funds needed to make debt payments due in the coming months.

Asia weekly — New World’s HK$20bn equity boost

Taking the Credit — Investors struggle to put their war chests to work in European defence

Europe’s institutional investors want to open their war chests to fund European defence and sovereignty, but investment in the sector is lagging, according to 9fin sources.

Taking the Credit — If you can’t beat EM, join EM

LPs are rethinking their private credit portfolios as geopolitical headwinds and wobbles in US private credit raise new questions about concentration risk in more mature, or ‘developed’ markets. As a result, investors are giving emerging markets a closer look.

Taking the Credit — Private credit flirts with preferred equity as exits stutter

Once reserved for distress, preferred equity has become an “acceptable liquidity solution” for a market struggling with exits, Paul Hastings’ global finance partner Jennifer Passagne told 9fin. And it seems that dealmakers agree. They’ve seen the number of deals featuring pref equity at least double over the past 12 months, according to 9fin sources.