Smaller, midsize insurers follow the trend into private credit, as managers find solutions to regulatory hurdles
Asset managers saw private fixed income investment from insurance clients jump 141% from 2021 to 2025, more than any other asset category, according to a report from Clearwater Analytics

Banks, managers add staff for private credit syndication
Banks see private credit syndication as a way to reclaim fees as more borrowers tap both private credit and broadly syndicated loan markets, Mission Staffing managing director Eric Vaheb told Creditflux

North American private credit fundraising tumbles, ceding ground to global strategies—S&P Global
While fundraising boomed for European and multi-region private credit strategies, private credit focused on North America dropped 13% year-over-year

Capital One building a team in private-fund secondaries, private-capital raising
The Tysons, Virginia-based bank is looking for a managing director to lead the new Capital Solutions team

Foreign currency movements erase credit net returns at CPP Investments
Net returns across private and public credit fell to 3.7% in fiscal 2026 from 14.4% in 2025, the Canadian institutional investor reported

US direct lending deal volume falls off in 2Q, even as lenders become more open to AI risk—Configure
Sponsor-backed direct lending deal volume tumbled to less than half of what was recorded for the first quarter

Churchill taps King Street’s former head of capital solutions to lead new strategy
The Nuveen Private Capital subsidiary is launching its own capital solutions strategy that will provide senior and junior private debt to companies seeking customized financing

Share prices soar as Apollo, BlackRock, Blackstone, Brookfield, Goldman and KKR plan AI financing partnerships with NVIDIA
The technology company specializing in GPU development has signed memorandums of understanding with the six firms to establish independent compute financing platforms and deploy more than USD 500bn of capital

Private credit overthrows public fixed income as insurers’ top allocation priority – Mercer
Many insurers are seeking higher yielding investment options and have excess liquidity in their current investment grade portfolios, Mercer head of insurance solutions Eryn Bacewich told Creditflux

Some BDCs find early success in race to bring down redemption requests
EXCLUSIVE: Most perpetual nontraded BDCs, however, are expected to see elevated redemption activity throughout 2026 and possibly into 2027

Listed BDC BlackRock TCP will continue to realize losses even after portfolio sale – Fitch Ratings
The ratings agency is holding its negative rating outlook as the USD 523m portfolio sale to deleverage the listed BDC is unlikely to be enough to fight pressure on net investment income and dividend coverage

BC Partners' Rovner joins Runway Growth Capital as co-CEO
Michael Rovner, former managing director at BC Partners, has been named co-CEO and co-CIO at Runway Growth Capital

HarbourVest backs Willow Tree’s USD 730m private credit continuation vehicle
The continuation vehicle acquired a portfolio of primarily first-lien loans to sponsor-backed companies from the late 2020-vintage Willow Tree Fund II and parallel funds

Goldman’s Americas direct lending head David Miller to retire
Miller, who has spent 22 years at the firm, will transition to become an advisory director and chairman of Americas direct lending at the end of 2026, according to an internal memo seen by Creditflux

BlackRock’s listed BDC sells USD 523m private credit portfolio to Pantheon
The sale of assets will significantly cut the listed BDC’s exposure to the software sector

Private credit drives nearly half of Blackstone inflows in Q2
The alternative asset management giant said institutional investors are continuing to commit capital but also that redemption requests for its semi-liquid direct lending fund BCRED appear to be slowing

Blackstone, Wellington and Vanguard collaborate on all-in-one private market vehicles for wealth channel
The three asset managers have launched two products that will give individual investors exposure to a mix of private market assets within a single allocation

Private credit secondaries deals more than doubled in 1H—Evercore
The first half of the year saw private credit secondaries volume balloon to USD 20bn, surpassing full-year 2025 volumes, with GP-led deals dominating, a new report from Evercore shows

GoldenTree hits USD 2.75bn hard cap for sophomore private credit fund
The firm’s employees and partners committed USD 50m to the fund, the company announced

BlackRock private market inflows led by private credit as spreads widen
Institutional investors want to put more private credit money to work in this environment, the global asset management giant said on its earnings call

CalPERS posts 11% net return for private debt, improves funded status
The California Public Employees Retirement System, one of the largest institutional investors, released preliminary investment results for the 2025-2026 fiscal year

Most BDCs can survive liquidity stress test – Moody’s
Moody’s Ratings has conducted a stress test on the BDC sector which concluded that liquidity remains sound

Houlihan hires HarbourVest MD in GP-led secondaries push 
Dan Buffery joins the investment bank to help lead the firm’s North American GP-led secondaries advisory business

Strategic buyers increasingly facilitate exits of private credit lenders—Morningstar
The ratings agency observes in a new report that private credit borrowers sold to strategic buyers are starting to drive a larger portion of its credit ratings discontinuations

Texas, San Francisco among systems disclosing tactical, specialty credit investments
TCDRS commits USD 400m to Silver Point, Gallatin Point funds; Ohio pensions commit to GoldenTree, TPG funds