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

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.

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  

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