CAPZA raises EUR 1bn for senior direct lending strategy
The latest fund is already 60% deployed, and CAPZA is planning to launch the next vintage in the series in 2026

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

Allianz GI raises EUR 1.2bn to fund private debt secondaries
The sophomore fund held a first close and will pursue private debt secondaries deals globally

North American and European credit defaults to fall next year – S&P Global
Global credit default rates will remain contained next year with North American defaults falling to around 4% 

CLO issuance projected to hit new records in 2026 – KBRA
The ratings agency projects USD 220bn in issuance across US BSL CLOs and private credit CLOs as well as five to six European private credit CLOs next year

Carlyle AlpInvest backs Investec’s debut European senior direct lending fund
AlpInvest led a secondaries transaction that helped launch the EUR 400m fund

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

Experienced direct lenders invest in resilient sectors, leaving banks with the riskiest LBO assets
Expect banks to keep shifting the blame — even if they have cockroaches

Hayfin's Gina Germano steps back from running European CLOs, Jason Late to take over
Previously a portfolio manager at Man Group, Late will replace Germano as head of European high yield and syndicated loans, including CLOs

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

How direct lending took off in Europe
In the first of a two-part history, we look at direct lending’s origins in US junk bonds, its leap across the Atlantic and the rise of the huge firms that now dominate the European industry

Private equity firms believe M&As and exits are looking up — and they still like continuation vehicles
Continuation vehicles are mainly being used to hold on to trophy businesses

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