BCI anchors Arini’s debut private credit fund with USD 200m
In addition to backing the new European direct lending fund, the institutional investor giant plans to deploy more than USD 400m in related co-investments

Ares launches direct lending fund for European wealth investors
The firm’s first ELTIF product will give individual investors access to its existing European direct lending strategy

Polus holds EUR 425m initial close for third CLO equity fund
It marks one of Europe’s largest CLO equity capital raises to date

US pensions' push into European private credit involves local expertise pursuit, mid-market strategy differentiation
The European credit market is expected to benefit from recent fiscal stimulus announcements and lower primary tariff impact, while mid-sized managers are likely to see growing demand for differentiated strategies

Santander Asset Management plans SRT fund launch
EXCLUSIVE: Santander Asset Management is planning to launch a fund that will invest in significant risk transfer (SRT) transactions, according to sources familiar

Investors opt for debt as alternative to secondary sales to generate liquidity
Investors are increasingly seeking financing as an alternative to selling their fund stakes on the secondaries market

Fund performance – April 2025
April returns show small improvement, but CLO funds struggle

Credit hedge funds – April 2025
Credit hedge fund performance

Credit funds at a glance – April 2025
Our roundup of top performers, fundraising and moves in credit

Pemberton expands into North America with new office, hires
The European private credit shop has established an office in New York

US pensions increasingly eye European private credit amid expanding allocations, diversification pressures
US public pensions have committed at least USD 4.4bn to European private credit strategies since July 2024  

Tikehau launches semi-liquid private debt fund for broader investor base
The new fund is the first semi-liquid private credit vehicle available to investors other than French life insurance companies

Energy, not software, will drive the next decade – Apollo's John Zito
Private credit is poised to fund those necessary investments in energy and power and help large companies diversify their capital sources

Aegon AM launches fund for subscription line financing
The new fund will raise capital from institutional investors in Europe and the UK

Volatility could cause credit markets to break this year – TCW’s Bryan Whalen
PODCAST: Investors aren’t being paid enough of a premium for the risks in US corporate credit, TCW’s chief investment officer of fixed income told Creditflux’s Lisa Lee on the latest ‘Credit Exchange’ podcast  

M&G strengthens European structured credit with Madrid appointment
The hire is part of M&G’s strategy to expand its European origination and research capabilities, supporting the growth that M&G expects to see in structured credit

PNC Bank to buy Aqueduct to grow fundraising service capabilities
The acquisition will add to the existing capital advisory services provided by PNC subsidiary Harris Williams

Former Platinum Credit MD joins multi-manager platform Schonfeld
Jordan Stevens previously served as a senior credit deal lead for Platinum Equity’s private credit platform

Buyout Highlights - Overview of Europe Buyout and Financing Trends 1Q25
Leveraged loans are again the main source of financing for LBOs in Europe, providing 65% of the total volume issued in 1Q25  

Invesco raises more than USD 700m for distressed debt, special situations investments
Invesco Credit Partners III has yet to hold a final close and has already surpassed the size of its predecessor

Fund performance – March 2025
Corporate distressed stays positive as other categories take a dive

Credit funds at a glance – April 2025
Our roundup of top performers and moves in credit

Credit hedge funds – March 2025
Credit hedge fund performance

Crestline raises USD 3.5bn for sponsor and nonsponsor-backed direct lending
The firm held a final close for its Crestline Direct Lending Fund IV

Pemberton raises EUR 6.1bn for senior direct lending funds
The asset manager held a final close for Mid-Market Debt Fund IV and Senior Loan Fund II