Lending to nonbank entities like BDCs will be a growth area—State Street
Additionally, the firm said its investment grade private credit ETF, developed with Apollo, hit USD 800m in assets under management during the quarter

Kayne Anderson Private Credit issues rated feeder
Kayne Anderson has priced a rated feeder fund for its Kayne Senior Credit Fund V, with Wells Fargo arranging the USD 206.425m transaction

Virginia, Arkansas among systems expanding into alternative credit strategies
Recent Ares funds gain momentum with allocations from VRS, TCDRS; Arkansas Teachers plan multi-strategy credit SMAs with KKR, Brookfield

KKR prorates investor exits from semi-liquid ABF fund
The firm will fulfill around 69% of each shareholder’s exit request to keep the total liquidity offering this quarter to 5% of the fund’s net asset value

Record 1Q for European ABS primary issuance despite geopolitical volatility
Primary issuance in the first quarter of 2026 reached a record EUR 25.4bn (excluding CLOs), marking a 34% increase on 1Q25, according to Debtwire's European ABS Activity Tracker

Northleaf private ABF managing director exits
CJ Wei, who focused on asset-based finance at the Canadian private markets firm, departs for a new role

Perpetual nontraded BDC fears are exaggerated—KBRA
Credit quality and liquidity at these semi-liquid private credit funds remain comfortable despite the negative shift in investor sentiment, the ratings agency said  

BDC outlook turns negative as inflows, yields decline—Moody’s
Perpetual nontraded BDCs experiencing redemption pressure may see market volatility temporarily hurt net asset value, Heron Finance Chief Credit Officer Khang Nguyen told Creditflux

AI disruption fears and Middle East-driven macro volatility weigh on loan and bond issuance – 1Q26 LevFin Highlights
LevFin issuance across the US and European institutional loan and high-yield bond markets saw a strong start to the year before fears of artificial intelligence (AI) disruption and escalating macro volatility stemming from the US and Israel war with Iran weighed on market activity

Investors prefer clarity over full exits as semi-liquid private credit funds grapple with exit request surge
ANALYSIS: Whether private credit managers cap exits at the 5% limit or stretch to cover all requests, explaining the decision is key, wealth management firms say

Liberty Mutual strikes private credit partnership with Square Nine Capital
Square Nine Capital was founded last year by Morgan Stanley private credit alum Peter Ma and former CalPERS CIO Nicole Musicco

King Street wins Saudi backing for new Middle East-focused private credit fund
A new credit fund will seek to provide private capital solutions to corporates and to conduct asset-based lending within Saudi Arabia and MENA

Blackstone raises USD 10bn for oversubscribed opportunistic credit fund
The alternative asset management giant will use the fund’s flexible mandate to invest across industries, capital structures, and geographies

Global issuance falls 22% QoQ and 12% YoY amid tech selloff and geopolitical insecurity – 1Q26 Loan Highlights
Loan issuance in the Americas, EMEA and Asia-Pacific (APAC) regions reached USD 1.37tn in 1Q26, according to Debtwire data; this volume was 22% down compared to the previous quarter and 12% below 1Q25

Texas, Massachusetts systems reveal real estate debt, direct lending investments
Texas ERS, TCDRS disclose commitments worth USD 875m; MassPRIM invests in KKR's opportunistic real estate debt fund

Tikehau looks to develop Asia direct lending product via JV
The French alternative asset manager has struck a joint venture with Amova Asset Management, formerly known as Nikko Asset Management, to solidify its presence in Asia

Exit requests surpass 40% at Blue Owl’s semi-liquid, technology lending fund
The private credit fund designed for individual investors saw quarterly redemption requests surge, leading the fund to impose its 5% exit cap

Ares closes on USD 9.8bn for opportunistic credit
The manager, which held final close for its Ares Special Opportunities Fund III and related vehicles, is also now raising capital for its third alternative credit fund

M&A volume leap 20% to USD 1.38tn in first quarter of 2026
Even the Iran conflict has not arrested momentum among larger deals. A mammoth USD 122bn capital raise from OpenAI closed on the last day of the quarter, according to Mergermarket data

Private credit community pushes back on alarmist narratives
Executives downplay AI risks, citing preparedness and strong credit fundamentals; Defaults and recoveries remain stable, despite negative headlines

17Capital raises USD 7.5bn for dedicated NAV lending fund
The alternative credit firm held a final close for 17Capital Credit Fund 2, which will donate some of the earned carried interest to a nonprofit organization

Maturity wall threatens high-risk AI private credit names – KBRA
Direct lenders are showing an unwillingness to extend maturities for companies that are vulnerable to artificial intelligence or underperforming already 

Iran conflict weighs on primary but cross-border European loan deal flow continues
Europe Loan Digest: Electronic Arts prices euro-dollar loan; Grifols launches refi

Oaktree’s semi-liquid private credit fund covers all exit requests totaling 8.5%
The fund, which leaned on parent company Brookfield to cover the surge in redemption requests, also cut dividends

JPMorgan Asset Management mixes public, private credit in new semi-liquid fund
JPMorgan’s asset management arm offers exposure to various credit investments across the public and private markets in a new interval fund for affluent individuals