Blackstone IG private credit reaches USD 115bn off insurer interest
The alternative asset manager is focused on raising capital from this investor segment without becoming an insurer itself.

AXA Prime, Mubadala take stakes in Hayfin as more private credit firms welcome outside investors
Private credit managers selling GP stakes to third parties has become more common as managers seek ways to spur additional growth

17Capital raises USD 5.5bn for NAV lending to private funds
The alternative credit firm claims its 17Capital Strategic Lending Fund 6 is the largest NAV lending fund seen in the market to date

FS Investments rebrands to Future Standard, plans private credit product for wealthy in Europe
EXCLUSIVE: The alts manager integrates private equity subsidiary Portfolio Advisors under the new brand and plans to introduce a credit product for wealthy investors in Europe

Goldman launches private credit fund for retirement portfolios
The product will be used in a retirement product backed by Great Gray, BlackRock and Wilshire Advisors to give individual investors access to public and private assets

Investors still pivoting to fixed income – Oaktree’s Wayne Dahl
Both large individual and institutional investors are continuing to rotate their portfolios into fixed income, says the co-portfolio manager of global credit and global credit investment grade strategies at Oaktree Capital Management, on the latest edition of the ‘Credit Exchange’ podcast with Lisa Lee

CalPERS hires Dutch pension alum to head private debt
The new hire fills the empty seat left by Jean Hsu, who retired from the position last year

Partners Group raises more than EUR 1bn for European direct lending
The senior direct lending strategy raised capital across a traditional closed-end fund and customized mandates

L&G discontinues GP stakes programme as head of strategy departs
Current GP stakes investments remain 'strategically significant'; Hannah Gore-Randall led investments into Pemberton, NTR, ImpactA
   

Pantheon closes oversubscribed private credit secondaries fund
The secondaries specialist raised USD 2.2bn for its Pantheon Credit Opportunities III fund and related vehicles

BNP Paribas taps alts head for combined BNP, AXA IM group
Isabelle Scemama will oversee more than EUR 300bn in assets as the two groups merge

Blackstone inks new private credit partnership with L&G
PRECIS: The partnership will see L&G gain access to IG private credit assets and the two firms create new public-private credit products.  

First actively-managed direct lending CLO in Europe sets template for others to follow
Last month, Ares made history by launching Europe’s first actively-managed direct lending CLO. But unlike Barings' static issue last year, Ares chose to create a reinvesting CLO, opening up a new seam of structured credit solutions for European managers and investors

Feeling positive about European private credit
Government plans for growth and banks’ lending strategies were among the topics creating an upbeat mood among attendees at this year’s Debtwire Private Credit Forum Europe in London

Default expectations rise as tariff threats to North America deepen – IACPM survey
Credit portfolio managers across the world see tariff-related headwinds for both the US and Canada

Kartesia completes EUR 1.3bn fund close; almost half raised from new investors
KCO VI also saw “significant growth” in commitments from private wealth investors, which accounted for more than 20% of the fund’s total capital

The ‘real economy’ of Europe needs financing – Arini’s Mathew Cestar
“We know there’s a big pan-European need for financing,” says Mathew Cestar, president of Arini, one of the fastest growing alternative credit managers, on the latest edition of the Credit Exchange podcast with Lisa Lee

Sound Point hires former Alcentra president as CFO steps down
CFO Kevin Gerlitz is retiring from the role after 16 years

Paradigm shift in US economy lessens likelihood of tariff-induced recession – Sound Point’s Stephen Ketchum
The founder and CEO of Sound Point Capital Management told Creditflux managing editor Lisa Lee on the latest edition of the ‘Credit Exchange’ podcast that he currently sees credit markets as being in a state of “reasonable balance”

Barings moves toward second Euro private credit CLO as Blackstone, Apollo mull initial deals
EXCLUSIVE: The firm that cracked the European private credit CLO market open last year is working on its second such deal, while Blackstone and Apollo eye a market entry

Not everything in private credit is rosy – Goldman Sachs’ James Reynolds
The firm's global co-head of private credit spoke to Creditflux managing editor Lisa Lee at the Debtwire Private Credit Forum Europe in London

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

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

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

News in brief
US credit returns fail to reflect risk