HPS prints new private credit CLO with triple As at 165
The deal is the second mid-market issue for HPS so far this year

Silver Rock raises USD 3.4bn, approaches final close for tactical private credit fund
EXCLUSIVE: The firm will invest across the private credit markets, pursuing deals in areas such as corporate credit, real asset credit and specialty lending

Connecticut, San Francisco among funds making new private credit moves – Public Pensions, Private Pursuits
EXCLUSIVE: Connecticut plans commitment to Anchorage Capital distressed credit funds; San Francisco, North Dakota, and Dallas funds disclose recent commitments

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

Direct lenders ‘cruise,’ but watch for tariff impact
Private credit managers, investors of all types and service providers gathered in Nashville for DealCatalyst’s annual private credit conference

Blackstone prices static BCRED CLO
The transaction is the first non-reinvesting deal to price under the BCRED shelf

New York, New Mexico pensions lead recent private credit investment
New York State, New Mexico pension systems disclose recent private credit investment worth USD 800m

Mid-market PE firm becomes newest CLO manager with USD 402m print
Kohlberg & Co. priced its inaugural deal on Monday, with the market’s first new private credit CLO in three weeks

Defined benefit plans shift focus to private credit, secondaries - NEPC
Some corporate defined benefit plans are shifting their private market allocation to favor shorter-duration strategies as part of a de-risking plan

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

Wyoming, Texas among state systems making new private credit commitments – Public Pensions, Private Pursuits
Wyoming invests USD 300m in TPG AG and Kennedy Lewis private credit funds, and Texas pension system invests USD 250m in Penfund, SKY Leasing direct lending funds

Brightwood prices first new CLO in more than 12 months
The middle market specialist's first primary market activity of 2025 was also the first new private credit deal to price in three weeks

State Street launches public-private market fund, leaning on Apollo
The new fund is designed for the US retirement channel and provides private market exposure through a pooled investment vehicle managed by Apollo

Audax prices unusual mezz-only mid-market refi
The deal saw the double As price 90bps narrow of the untouched triple As

Oak Hill Advisors fundraising multi-strategy private credit fund for wealthy investors
EXCLUSIVE: the new fund is currently only accepting accredited investors but intends to eventually open the product to the wider wealth channel.

Mid-market CLO refis price from Cerberus and PennantPark
The two deals both priced their senior triple As at SOFR plus 135bps

Massachusetts, midwest pensions disclose recent private credit moves – Public Pensions, Private Pursuits
ANALYSIS: Massachusetts, Michigan pensions reveal private credit investments totaling USD 225m, Illinois Municipal Retirement Fund commits USD 50m to Pemberton   

Coller Capital buys USD 1.6bn portfolio, claiming largest senior direct lending secondaries deal
The private markets secondaries specialist has acquired a senior direct lending portfolio from a multiline US insurer

Apollo’s MidCap resets second mid-market deal in quick order
The reset of middle market CLO Woodmont 2023-11 Trust followed shortly after the manager had repriced another such deal

BlackRock, a traditional asset manager no more – CEO Larry Fink
In his latest annual letter to investors, Chairman and CEO Larry Fink lays out his ambition to index private markets and bring these illiquid assets to the masses

Guggenheim alums to head new Hoplon-backed private ABS shop
The new platform just finished a USD 1.35bn IG securitization of internet identity service assets

Antares resets another super-sized middle market CLO
The transaction added USD 72m in equity and USD 450m worth of triple A paper

Marathon ditches distressed strategy to raise USD 2.7bn for opportunistic credit
EXCLUSIVE: The asset manager originally launched the fund with a distressed debt strategy but has since switched the focus to making opportunistic private credit and equity investments  

PennantPark prints second new middle market CLO in two months
The private credit deal priced the top of the stack at SOFR plus 145bps

Total fees paid to direct lending funds dip as yields fall —Cliffwater
Institutional investors in direct lending funds are paying fewer dollars in performance fees despite private credit managers refusing to lower fee rates