Channel Capital launches fund that taps into Goldman Sach’s European private credit

Churchill raises more than USD 350m for junior capital debt fund
Churchhill Asset Management raised funds for junior capital direct lending to sponsor-backed US companies

Neuberger raises more than USD 2.7bn for fifth private credit fund
Neuberger Berman is fundraising for a fund that provides direct loans to North American private equity-owned companies 

Blackstone reports 18% return from private credit over last 12 months
Blackstone's private credit and liquid credit returns outperform private equity investments in the last 12 months

Lloyds Bank joins forces with Oaktree for European direct lending platform
Lloyds Bank and Oaktree Capital Management have formed a new multi-year European direct lending facility

Alternative PE lending puts pressure on LP-GP alignment
Loans that use fund NAV or GP earnings as collateral are growing in popularity. But some feel these deals could have unforeseen effects and hinder transparency in LP relationships

Oak Hill teams up with One Investment for European private credit
US-based Oak Hill and One Investment ink JV with USD 5bn to invest in upper middle market and large European companies 

Blue Owl scoops up Atalaya Capital for USD 450m
Private credit manager Blue Owl Capital is raising the stakes on its place in the USD 1.7trn global market with the purchase of asset-based credit specialist Atalaya Capital

Boston pension system selects new private credit manager
The Boston Retirement System has selected a new manager and made a commitment to its private debt strategy, according to recently released minutes

French asset manager launches impact credit fund for European SMEs
 A Paris-headquartered alternative asset manager held the first close of its SME-focused direct lending fund at EUR 200m

Nordic private credit fund raises EUR 500m
Ture Invest Partners has held the final close of the third vintage of its private credit fund having reached its target at roughly EUR 500m

New direct lending business formed after management buyout
503 Capital Partners, a new direct lending business, has been formed as part of a management buyout of Tortoise Capital Advisor's private credit arm

Webster Bank and Marathon form private credit tie-up
Webster Bank and Marathon Asset Management have joined the ranks of traditional banks forming partnerships with asset managers 

Ares receives another USD 100m for its third direct lending fund
Ares Management continues to inch towards its goal of raising USD 10bn for its third senior direct lending fund with a recent commitment from a pension fund.

Sagard targets North American middle market opportunities with new senior lending fund - partner
Sagard, a Power Corporation of Canada alternative asset investment platform, will provide first-lien financing to lower middle market and middle market US and Canadian companies

Corinthia eyes mid-June start
Corinthia Global Management, the start-up firm that’s shaking up the USD 1.7trn private credit space, is laying the foundations for mid-June market entrance

Boutique London manager holds first close on direct lending fund
London-based alternative investment manager Prefequity revealed the first close of its Prefequity Credit Opportunities II fund 

Fidelity U-turns on European direct lending strategy as it ditches origination in favour of third-party partnerships
Fidelity International is cutting its direct lending division in Europe, and will instead partner with third parties to offer private credit solutions going forward

Major banks embrace private credit partnerships as they target non‑traditional lending
PNC Financial Services Group and TCW Group are the latest to team up to launch a private credit platform, as non-traditional bank lending continues to attract established banks.

Swedish manager raises EUR 1.7bn for private credit fund
A Stockholm-based private credit specialist has closed a fund targeting non-sponsored loans to mid-sized family-owned and growth businesses in Northern Europe

Investec Bank launches private credit management team
London-headquartered Investec Bank is growing its direct lending platform with the launch of a new private credit management team

Golub raises USD 2bn for sixth credit opportunities fund
Golub Capital has held the final close of the sixth vintage of its credit opportunities fund, raising USD 2bn

Man Group hires new senior managing director for private credit business
Man Group has hired a New York-based senior managing director to lead the firm's client engagement and strategic efforts in private credit and direct lending

Golub hires from MetLife for new insurance solutions team
Golub Capital has launched a new insurance solutions team, as the firm continues its multi-year plan to build out its investor partners group