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

Silver Point hires Goldman MD for private credit origination
Michael Cote previously served as a managing director in Goldman Sachs’s leveraged finance business

Cahill’s private credit co-head joins Paul Hastings in New York
Peter Williams, who also has experience as a managing director at KKR, now joins Paul Hasting’s global finance platform

Exit requests decline for Blue Owl’s semi-liquid tech lending fund
The fund, which saw some the highest exit request levels last quarter, reported a modest decrease and management says investor sentiment has improved.

Blackstone to raise capital for new institutional IG private debt fund
The alternative asset management giant has launched its first institutional, commingled private fund focused on investment grade private debt investments

Ares leads USD 1.7bn direct lending deal backing private country club operator LBO
The large-cap direct lending deal comes at a time when both sponsors and direct lenders are showing more caution amid the uncertainty posed by fast artificial intelligence adoption and the Iran conflict

Apollo records USD 13bn in private credit trading volume
In the 18 months since launching a dedicated trading desk focused on Apollo-originated private credit, the firm has worked with more than 100 unique counter parties, according to a new report

King & Spalding adds former Proskauer partner in fund finance biz build out
The law firm has recruited Ron Franklin, who previously served as co-head of the corporate & fund finance group at Proskauer Rose

Non-US investors, family offices drove redemption requests at Ares private credit fund
The firm’s perpetual nontraded BDC once again offered to repurchase 5% of shares outstanding in the second quarter to facilitate exits but was met with excess demand