Cresset teams up with ORIX's NXT for direct lending partnership
Cresset will provide the capital from its USD 500m private credit fund in exchange for access to NXT's origination machine

Indian alternative asset manager seeking USD 240m for private credit fund
Indian alternative asset manager Vivriti Asset Management recently revealed plans to raise USD 240m (INR 20bn) for a new Indian private credit fund 

Pengana launches private credit platform aimed at retail investors
Sydney-headquartered money manager Pengana Capital Group has launched a new private credit platform

Massachusetts retirement system seeks manager for senior direct lending strategy
The Quincy retirement system is looking to invest about USD 4m in senior secured debt. 

Comvest aims to become the first debut US manager of the year
Comvest Capital Advisory Services is in the market with its debut CLO: Comvest Credit 2024-1 CLO, a middle-market deal. The deal will make Comvest the first new US CLO manager of 2024. 

SFERS commits another USD 75m to private credit
The San Francisco City & County Employees' Retirement System's latest commitment to private credit comes in the form of a USD 75m allocation

Indian manager raises nearly INR 25.75bn for credit opportunities fund
A Mumbai-based manager held a final close on its new special sits fund with INR 25.75bn raised

Middle market CLO reset spreads tighten dramatically in new Golub reset
Golub had a busy Friday last week, with a reset of a massive middle-market deal from 2018 showing the tightest such triple A spreads this year

Another US MM CLO reset prices from Deerpath
The reset of the 2021-vintage middle-market Deerpath Capital CLO 2021-1 equalled 2024 tights for this type of deal

Golub signs strategic partnership with Nassau Financial Group
The private credit manager announced the partnership with Nassau Financial Group, including an investment of USD 200m in equity into Nassau's insurance arm

Private credit veteran returns to Barings
Barings is rebuilding its private credit team with the return of a veteran private credit alumni as a managing director in its global private finance group

Avenue Capital raises billion dollar European special situations fund
New York-headquartered Avenue Capital Group held the final close of a new European special situations fund with more than USD 1bn in commitments

2020 vintage MM CLO gets a reset
PennantPark has priced its third middle-market CLO offering of 2024, a reset of a 2020-vintage CLO that was the manager’s second transaction

Golub hires from MetLife for new insurance solutions team
Golub Capital has launched a new insurance solutions team, as the firm continues its multi-year plan to build out its investor partners group

Middle market portfolios aren't immune to rate stress, according to new research
Two research reports published this week highlighted ongoing risks in middle market structured credit portfolios