Perspectives

Selected writing on private credit, private markets and the evolving financing landscape across Europe, Türkiye and the GCC.

These pieces were written independently, over time, and reflect the thinking of a practitioner, not the position of an institution. They are published here because we believe that serious capital conversations begin with serious thinking.

Why Private Credit and Banks Ask Fundamentally Different Questions

Banks ask what they can take if something goes wrong. Direct lenders ask what makes a business worth backing in the first place. A reading of new academic research on direct lending technology, through the lens of a practitioner who has spent two decades doing transactions in markets the paper does not cover.

6 days ago7 min read

Türkiye: A Hotspot for Private Credit

Emerging markets are embracing alternative financing, but Türkiye presents a particularly rare combination of structural pressure and genuine opportunity. A market assessment for investors and practitioners thinking about where private credit goes next.

May 14 min read

Private Credit: Swiss Army Knife of Financing

Before geography, there is structure. A clear-eyed look at what private credit actually is, what it is not, and why its flexibility makes it the most versatile financing instrument available to businesses navigating complex markets.

Apr 13 min read

Private Credit 101 for Turkish CFOs, Financial Advisors, Lawyers and Entrepreneurs

A comprehensive guide to private credit from the borrower's perspective. What it is, how it works, who it serves, and what the deal process actually looks like. Written for the practitioners and business leaders navigating Türkiye's evolving capital landscape.

Mar 19 min read

Becoming Private Credit-Ready: A Playbook for Turkish CFOs

Accessing private credit is not just about needing capital. It is about demonstrating readiness for it. A framework for CFOs and advisors preparing for their first encounter with structured private credit capital.

Feb 13 min read

Financing the Comeback: How Private Credit Revives Proven Turkish Exporters

For fundamentally sound companies trapped in capital constraints by macroeconomic stress, the real question is not whether private credit is expensive. It is whether the cost of waiting is higher. A structured look at how private credit functions as a strategic catalyst for Turkish exporters in recovery.

Jan 1, 20263 min read

Private Credit: The Unsung Hero for Stressed Companies in Emerging Markets

The distinction between stressed and distressed is not semantic. It is the difference between a company that needs capital and a company that needs rescuing. A cross-market perspective on how private credit functions as a first responder for businesses that are temporarily disrupted but fundamentally sound.

Dec 1, 20253 min read

Rise of Search Funds in Türkiye: Private Credit Can Be the Power Multiplier

Search funds are arriving in Türkiye as acquisition financing from traditional banks becomes increasingly scarce. A thesis on why private credit and search funds are not just compatible but strategically complementary, and what this means for the mid-market landscape.

Nov 1, 20252 min read