OHA raises USD 17.7bn for large-cap, senior direct lending
The firm held a final close for its OHA Senior Private Lending Fund (OLEND), which raised USD 8bn in equity commitments

Individuals account for nearly a quarter of private credit investor base – Alternative Credit Council
The global private credit market grew to around USD 3.5tn in assets at the end of 2024, according to a new report from the Alternative Credit Council and Houlihan Lokey 

TPG Credit raises USD 6.2bn for all-weather, special sits strategy
The latest fund exceeded the USD 4.5bn target by nearly 40%, the company said

Monroe launches direct lending fund for US retail investors
The latest nontraded BDC will offer quarterly liquidity windows via share repurchases

Blue Owl’s blunder and risk of retail investment dominate discussions at SuperReturn Private Credit
Blue Owl abandons OBDC and OBDC II merger plan due to market conditions; Retail investors pose risk to private credit, with potential for forced selling in downturn

Blackstone starts new fundraising round for institutional, evergreen US direct lending fund
The alternative asset management giant is back to raise more capital for Blackstone Senior Direct Lending Fund after previously closing on USD 22bn in October 2024

Park Square strikes US direct lending alliance with Nomura
The new agreement will help Park Square source US senior direct lending deals for its new US Loan Partners fund

Prices of listed BDCs tumble as falling rates and bankruptcies spook investors
The business development company, a once overlooked vehicle for middle market direct lending in the US, has spent the past few years riding the wave of private credit interest and favourable interest rates. But as rates come down and investors worry about credit quality, publicly traded BDCs have seen share prices decline

Neuberger goes smaller on flagship fund even as platform grows
The firm’s latest Private Debt Fund V clocked in around USD 1bn short of the predecessor fund as investor capital flows into other vehicles under the same strategy

Neuberger Berman raises USD 7.3bn for US direct lending
The firm held a final close for NB Private Debt V, which will be used to invest in senior secured, first-lien and unitranche direct loans

Polus raises EUR 890m for European special situations fund
The latest fund exceeded its original EUR 750m target, a source familiar told Creditflux

Nontraded BDC liquidity concerns grow after listed BDC sell-off
The rapid growth in these semi-liquid vehicles has meant many more individual investors in the wealth channel are exposed

Sixth Street Specialty Lending starts CEO transition
The BDC’s current CEO Joshua Easterly will step down from his position at the end of the year but continue his role as co-CIO of the greater Sixth Street platform

Ares readies next flagship alternative credit, senior lending funds
The alternative credit manager also recorded its highest fundraising quarter, corralling USD 30bn from investors

Crestline launches perpetual, private BDC to attract private wealth investors
This is the firm’s first business development company and commingled perpetual vehicle

BDT & MSD launches senior direct lending fund
The new fund comes after the firm hired Goldman Sachs Asset Management’s former global head of private credit earlier this year

Blackstone raises USD 1.6bn for new high-yield ABF strategy
The alternative asset management giant is targeting USD 4bn for its new high yield, private-asset-based finance fund

Oaktree raises USD 2.35bn for insurer-friendly evergreen direct lending fund
The fund, designed for institutional investors, will follow a senior direct lending strategy and focus on the middle market

Private credit incentivized to seek more protection than BSL
With the First Brands fallout still in the headlines, private credit managers sought to differentiate themselves from the banks that underwrote the troubled auto lender

Golub starts GP-led secondaries strategy
The private credit shop’s new strategy is meant to complement its existing equity co-investment business

Third Point adds three MDs from Apogem
The new private credit team members will help source middle market direct lending deals

OHA closes in on USD 6bn for large cap senior direct lending fund
The open-ended fund is targeting sponsor-backed corporate borrowers with an EBTIDA greater than USD 75m, the firm previously told institutional investors

Simplify Asset Management launches private credit ETF
The new exchange traded fund will track the universe of business development funds and listed funds that invest in private credit as captured by the VettaFi Private Credit Index

CFA warns of conflicts of interest in continuation funds
The growing popularity of continuation funds has raised questions around manager processes, the CFA Institute said

Hunter Point lends to Willow Tree in GP financing deal
The direct lender brings in a new partner that should help the firm expand its presence in the wealth channel and launch new strategies