$GPMT

Investors in private credit funds are expressing concerns over the potential for increased defaults on loans categorized as 'covenant-lite'. These loans, which lack traditional protective covenants for lenders, are seen as riskier in a rising interest rate environment. The possibility of borrowers struggling to manage high debt levels has sparked fears about liquidity in the private credit market. Consequently, funds with substantial exposure to these loans may face significant challenges, leading to potential capital losses. Overall, investor sentiment appears cautious as they reassess the quality of their loan portfolios.

James Fisher and Sons plc reported its Q4 earnings for 2025, showcasing substantial revenue growth driven by increased demand in the marine and energy sectors. The company highlighted its strategic investments in technology, which are expected to enhance operational efficiencies. Market analysts have expressed optimism about the company's future prospects as it navigates industry challenges. The earnings per share surpassed expectations, prompting a positive reaction from investors. Overall, the company's strong performance has laid a solid foundation for its growth trajectory moving forward.