CLO investor Pearl Diver targets USD 1.5bn for SRT interval fund
The global structured credit manager will use the new institutional, open-ended vehicle to invest in first-loss or mezzanine tranches of significant risk transfer deals

Investor demand for diversification drove multi-currency CLO
EXCLUSIVE: Geographical diversification was a driving force behind the creation of Europe’s first sterling/euro middle market CLO

Venture debt firms sound first notes of caution about AI
Venture debt loves a high-growth industry, and the growth story of the century has been artificial intelligence (AI). As some of the first investors in AI scale-ups, venture debt firms can take some credit for this success

Watch out for the cockroaches
After the collapse of First Brands, some of the biggest hitters in global finance have been quick to argue that any bugs in the system won’t affect them — but are bad news for everyone else

Private credit is too small to create a global financial crisis — but there are plenty of other storm clouds gathering
Total bankruptcy filings have climbed every quarter since June 2022

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

Triple Point launches fund finance strategy with new hire
The London-based investment manager will now provide net-asset-value financing, subscription line financing, and GP financing to mid-market sponsors

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

Ex-PJT Park Hill MD joins Churchill to help reach EMEA investors
Bynjar Agnarsson will focus on developing US private credit investment products for investors in Europe, the Middle East and Africa

Janus Henderson warns of underperformance in stressed loan market
The asset manager highlighted ‘pockets of fragility’ as the loan markets bifurcate

BlackRock’s EUR 5tn prediction for European private markets
Private credit, infrastructure and private equity are driving European private market investment to record highs

Dealmaking optimism appears in European credit – CVC
The alternative asset manager increased its European credit exposure during the third quarter after seeing a spread pickup

First Brands and Tricolor show due diligence matters – Crescent President Chris Wright
PODCAST: There are lots of mixed signals currently in the market, which is creating uncertainty, according to Chris Wright, president of Crescent Capital Group, on the latest episode of Credit Exchange with Lisa Lee

More European multi-currency CLOs expected after Barings issuance
EXCLUSIVE: More sterling/euro private credit CLOs are expected to launch next year, following the successful pricing of Barings’ pioneering multi-currency deal

Regulators will see the benefits of private credit – Blackstone
The resilience of private credit will become clear following a review of the sector by UK regulators, says Blackstone’s Daniel Leiter

Barings prices multi-currency European mid-market CLO
The primarily euro-denominated deal included a GBP 103m triple A tranche issued in sterling

Private credit’s record dry powder reshaping competition and deployment
Record dry powder levels and weak M&A volumes are intensifying competition across European private credit

ABF increases the lending toolkit – Apollo co-head of asset-backed finance Bret Leas
PODCAST: Bret Leas, co-head of asset-backed finance at Apollo Global Management, says asset-backed financing has contributed to a significant widening of the financing toolkit, on the latest edition of the Credit Exchange podcast with Lisa Lee

New York State Common Retirement Fund commits USD 200m to Oak Hill's CLO fund
The pension fund has committed the funds to OHA CLO Equity Fund III, which will target investments in North America and Europe

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

Barings to launch first European multi-currency private credit CLO
EXCLUSIVE: Sterling-euro deal will be the third European private credit CLO to hit the market

BoE to update on private credit stress test before Christmas
EXCLUSIVE: An exploratory scenario test for private credit is in the works, following risk warnings from Governor Andrew Bailey

Tikehau surpasses target on private credit secondaries fundraise
EXCLUSIVE: The latest fund, which has yet to close, has already racked up more than USD 750m

Corporate Europe kicks on with ECM, M&A plans as US market fears grow
Best year for European corporate equity capital markets and M&A since 2021, but storm clouds forming in US AI valuations and private credit