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

Siepe hires two from US Bank to boost CLO, private credit tools
The software and technology service provider for CLO and private credit managers is expanding its team

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

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. 

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

Macquarie moves forward on entering CLO management business
EXCLUSIVE: The Australian-headquartered firm has hired a top-tier bank to arrange its first US CLO

Expect wider credit spreads, compelling opportunities in CLOs – Bain Capital’s John Wright
PODCAST: Latest guest on the Credit Exchange podcast is "pretty excited" about CLO debt and expects spreads to widen

Jamie Dimon’s JPMorgan is angling to be a major private credit lender. But it may come back to bite

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

CLO manager M&A driven by search for talent and scale
Irradiant’s star investor Maji set to depart as firm is acquired

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.

International trading systems were broken before Trump started smashing them up
Whether he succeeds in using economic might to assert US authority in the world, Trump will be brandishing the weapon of tariffs in an already fragile international trading system.

Credit funds at a glance - January 2025
Fund performance, recent hires, recent fundraising

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

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  

Fidelity Investments prices new US BSL CLO with AAAs at 131bps
Fidelity Investments, working through its CLO-management subsidiary Ballyrock Investment Advisers, has printed its second new US BSL deal of the year

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. 

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

Investcorp's head of European credit funds Philip Yeates leaves firm amid leadership shake-up
Philip Yeates, head of European credit funds at Investcorp, has left the firm as the asset manager undergoes a leadership shift that's seeing co-CEO Hazem Ben-Gacem set to depart later this year and executive chairman Mohammed Alardhi take on CEO duties

Neuberger raises more than USD 2.7bn for fifth private credit fund
Neuberger Berman is fundraising for a fund that provides direct loans to North American private equity-owned companies