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

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

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

Volatility could cause credit markets to break this year – TCW’s Bryan Whalen
PODCAST: Investors aren’t being paid enough of a premium for the risks in US corporate credit, TCW’s chief investment officer of fixed income told Creditflux’s Lisa Lee on the latest ‘Credit Exchange’ podcast  

PNC Bank to buy Aqueduct to grow fundraising service capabilities
The acquisition will add to the existing capital advisory services provided by PNC subsidiary Harris Williams

Former Platinum Credit MD joins multi-manager platform Schonfeld
Jordan Stevens previously served as a senior credit deal lead for Platinum Equity’s private credit platform

Invesco raises more than USD 700m for distressed debt, special situations investments
Invesco Credit Partners III has yet to hold a final close and has already surpassed the size of its predecessor

Argentem Creek Partners hires head of global strategic partnerships
The special situations-focused firm also hired a global COO

Crestline raises USD 3.5bn for sponsor and nonsponsor-backed direct lending
The firm held a final close for its Crestline Direct Lending Fund IV

Metric raises EUR 1bn for fifth flexible private capital fund
Under the strategy, the asset manager provides flexible financing that does not fit into traditional private debt or private equity

Apera secures EUR 2.9bn for European lower middle market lending
The fundraise for Apera Private Debt Fund III is double the size of its predecessor vehicle

Private credit funds, partner banks present risks as global growth slows—IMF
Private credit funds and their partner banks can face losses as a slowing economy will challenge borrowers’ ability to repay loans

TPG, Temasek take minority stake in private credit interval fund pioneer Cliffwater
Cliffwater has nearly USD 28bn in its flagship private credit interval fund, the largest in the US

Tariffs will increase defaults – Blackstone
The alternative asset management giant also said the private credit market is providing financing that previously would not have been available in times of dislocation like this

KKR establishes dedicated Middle East investment team
The alternative investment manager has also tapped US General David Petraeus to serve as chairman of the region

BC Partners secures USD 1.4bn for flexible, opportunistic credit
The private credit arm of the firm held a final close for its Special Opportunities Fund III

More volatility, more uncertainty and more tailwind for private credit – KKR’s Dan Pietrzak
PODCAST: The new Trump administration in the US has introduced new uncertainty with its preparedness to employ wide-reaching tariffs, and M&A volumes remain depressed, but KKR’s private credit team is busier than it has been in the past few years. 

Apollo poaches BlackRock’s head of APAC private credit
The new hire will start at the end of June to lead Apollo’s hybrid private capital efforts in the Asia Pacific region.  

PAG raises USD 1.25bn for significant risk transfers
The Hong Kong-based alternative asset manager is expecting the SRT market to grow at a 30% to 40% rate annually over the next few years

BlackRock and Emirates NBD to launch private credit, alts products for UAE wealth clients
BlackRock and Emirates NBD Asset Management are partnering to create evergreen alternative investment products for wealthy individual investors in the United Arab Emirates

L&G launches private debt impact investing strategy for UK retirement investors
The insurer has now committed more than USD 1.1bn for private debt investments that will support nature conservation and sustainable development in emerging markets

Fund performance - February 2025
Structured finance leads, but all indices stay positive as 2025 begins

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