Indonesian sovereign wealth fund and Ares collaborate to provide financing in nation
Ares plans to use its Asia Credit Funds to invest up to USD 500m annually in hybrid capital and securitization deals

Singapore plans USD 1bn private credit growth fund
The fund will be used to fund local enterprises, the prime minister and minister of finance said

King Street launches special situation fund open to individual investors
The asset manager plans for the fund to have around USD 1bn in assets under management.  

Oaktree lowered its distressed debt fundraise to USD 16bn
The market and investment environment for distressed debt shifted, and investors asked whether the original target was too big.

International trading systems were broken before Trump started smashing them up
Whether he succeeds in using economic might to assert US authority in the world, Trump will be brandishing the weapon of tariffs in an already fragile international trading system.

Credit funds at a glance - January 2025
Fund performance, recent hires, recent fundraising

Fund performance - December 2024
CLO funds cap off strong 2024 with yet another good month

Global Private Credit AUM to reach USD 3trn by 2028 - Moody’s
Global private credit AUM is poised to hit USD 3trn by 2028, Moody's predicts, with momentum expected to grow over the next three years

Coller Capital sets up Singapore office and hires Peter Wu
Coller Capital set up a Singapore office and made a new hire, in a push to expand in the Asia Pacific

SC Lowy winds down liquid credit fund in private credit pivot
SC Lowy plans to wind down its open-ended liquid credit fund and launch a new interval fund for private credit investments

CapitalLand expands into Australian private credit with Wingate deal
Singapore-based CapitalLand Investment has struck a deal to acquire both the corporate credit and property investment management businesses of Wingate Group

Carlyle’s AlpInvest and Mubadala establish fund financing partnership
Carlyle Group subsidiary AlpInvest Partners and Mubadala have set up a new credit co-investment partnership to provide portfolio senior fund financing on a global basis  

Fidelity Investments prices new US BSL CLO with AAAs at 131bps
Fidelity Investments, working through its CLO-management subsidiary Ballyrock Investment Advisers, has printed its second new US BSL deal of the year

Fund performance - Emerging markets index takes top spot in solid month for credit overall
September was another positive month for credit funds. In almost every category our indices were positive, and four strategies showed solid average returns of 1% or more. 

Joe Millward, Founding Partner of Epsilon Direct Lending, on evolution of the private credit industry in Australia
In this fireside chat, Joe Millward, Founding Partner at Epsilon Direct Lending, offers a unique perspective on the state of the market, its growth prospects, and the opportunities that lie ahead

Mizuho takes minority stake in Golub, strikes distribution agreement
Mizuho Financial Group has acquired a passive, minority stake in Golub Capital’s management companies as part of a strategic partnership

Private debt capital amplified in Middle Eastern fund launch
A new USD 100m middle eastern growth debt fund has been launched by a partnership of Ajeej Capital and Nuwa Capital

Investcorp's head of European credit funds Philip Yeates leaves firm amid leadership shake-up
Philip Yeates, head of European credit funds at Investcorp, has left the firm as the asset manager undergoes a leadership shift that's seeing co-CEO Hazem Ben-Gacem set to depart later this year and executive chairman Mohammed Alardhi take on CEO duties

Temasek raises USD 1.3bn for Asian private credit fund
Temasek's SeaTown Private Credit Fund II, which focuses on performing credit opportunities in the Asian Pacific, has closed

KKR raises more than USD 800m for its second Asian credit opportunities fund

Channel Capital launches fund that taps into Goldman Sach’s European private credit

Neuberger raises more than USD 2.7bn for fifth private credit fund
Neuberger Berman is fundraising for a fund that provides direct loans to North American private equity-owned companies 

Double digit returns tempt Middle Eastern investors to allocate to private credit
Investors in the Middle East are allocating billions to private credit. The trend is just getting started, with investments in the region expected to grow.

Temasek’s asset manager to buy minority stake in a private credit firm
Seviora Holdings agrees to purchase Hong Kong-based ADM Capital for an undisclosed sum

Australian brokerage launches private credit division and first debt fund
A new firm, spun-off of a commercial finance brokerage, has launched a direct lending fund to invest in property-backed Australian SMEs