Audax adds new middle market CLO
Audax Senior Debt CLO 8, arranged by BNP Paribas, was upsized to USD 505.5m

CLO market welcomes new middle market manager as BDC CLO prices
The CLO market welcomed merchant bank BDT & MSD Partners to the universe of managers today as Deutsche Bank arranged MSD BDC CLO 1

Hamilton Lane secures USD 290m for two private credit funds
Two funds raised by Hamilton Lane will be used to provide loans to lower middle-market companies in New York State

Fortress prices middle market deal with CP reference rate
Fortress Credit Opportunities VIII CLO features a senior tranche that references both SOFR and a CP rate

The Last Tranche with New Mountain's Kline and Moshiri: we have more flexibility than a typical CLO around industry selection
In this episode of The Last Tranche, John Kline and Cyrus Moshiri from New Mountain Capital discuss the innovative rated feeder fund structure they recently priced, and why they chose this approach over a traditional middle market CLO

Pantheon brings private credit secondaries to the masses
Pantheon Group has launched a new evergreen private credit secondaries fund aimed at the US private wealth market

BlackRock creates ESG-focused credit fund
BlackRock launches new strategy as interest in private credit and sustainable investments continues to grow

Florida-based pension commits USD 20 million to direct lending fund
The Jacksonville, Fla. Police and Fire Pension Fund approved a USD 20m commitment to a diversified lending fund

T. Rowe and Oak Hill launch new BDC
The BDC is another indication of the growing demand for access to private credit funds from individual investors

Allspring doubles down on funds promoting reduced carbon emissions
Allspring Global Investments has expanded its portfolio of climate transition funds with the launch of its third climate transition fixed income fund

Ohio pension fund commits $50 million to credit fund
The commitments mark the second time this year the Ohio-based system has allocated funds to private credit. 

Alternative investment firm Värde raises nearly $1.5 billion for fund
Capital for the asset lending fund came from institutional investors from around the world

MidCap goes minimalist for mid-market deal
MidCap Financial, an Apollo affiliate, has priced a new middle market CLO called MFIC Bethesda CLO 1

Altriarch launches new credit strategy focusing on overlooked segments

The South Carolina-based firm offers asset-based credit solutions to specialty lenders and small businesses 

Despite CLO gloom in Europe and greater take up of private credit in the US, markets on both sides of the Atlantic are similar
I’ve just returned from a trip to London, my first since taking on the mantle of editing Creditflux, and was struck as always by how stubbornly far apart the European and the US markets remain.

Direct lending sets up on high street seeking retail and wealthy investors
Private credit managers, historically reliant on institutional investors, are increasingly turning to retail investors for fundraising. The dramatic growth in private credit as a whole has been well documented. But in the past few years there’s been a massive pickup by retail and private wealth.

Primary market roars into life
The primary CLO market pickup that started in August continued strongly in September, both in Europe and the US. Although the overall direction was the same on both sides of the Atlantic, the type of activity was quite different.

SCRS sinks millions in private credit funds
Nine percent of the South Carolina system is already dedicated to private debt as it commits USD 50 million extra 

Maryland pension system commits hundreds of millions to credit funds
The Baltimore-based pension system made commitments to five private debt funds between June and September of this year

BNP Paribas prices monster middle market CLO
The largest CLO in years priced yesterday in the form of Golub Capital Partners CLO 69(M), a USD 1.33bn transaction

Golub expands fundraising in Latin America with new hire
The new hire from Lazard will work in the US offshore market, alongside institutional and private wealth investors in Latin America

Illinois police pension fund opens search for credit managers

The fund plans to start investing in US leveraged loans and increase allocations for private credit

Direct lending firm hires partner from Blue Owl
The newest addition to the team will focus on product and business development

Mount Street taps Dechert exec for client development role
The European-headquartered third-party loan servicer and credit asset manager is expanding Stateside. 

Demand for custom private credit structures growing says new report
The use of open-ended funds and hybrid structures are on the rise in private credit strategies according to a new report published by the Alternative Credit Council and law firm Dechert