South Carolina, Texas among systems disclosing recent credit allocations
Ares Pathfinder Fund III to launch in 1Q26 with USD 5bn target, while South Carolina system allocates USD 550m to two managers and Illinois and Montana systems commit USD 150m across various funds

KKR confirms lack of exposure to First Brands, rejects concerns about cracks in private credit
In a new investment insight, KKR’s Daniel Pietrzak said that the failure of First Brands and Tricolor does not indicate cracks in private credit 

KKR issues 2023-vintage US reset
KKR’s latest US CLO reset priced via Citi as a USD 465m transaction

Oklahoma system allocates USD 1.3bn as others set 2026 targets
OTRS commits USD 1.3bn to Blackstone, KKR private credit funds, while Los Angeles, New Hampshire, San Antonio pensions disclose recent moves

Florida, New Mexico systems commit hundreds of millions to direct lending
Florida commits USD 1bn to European direct lending; New Mexico allocates USD 450m at November meeting; Illinois, San Diego pensions also disclose recent commitments

Watch out for the cockroaches
After the collapse of First Brands, some of the biggest hitters in global finance have been quick to argue that any bugs in the system won’t affect them — but are bad news for everyone else

KKR resets US CLO for first time since 2017
The 12-year-old KKR Financial CLO 2013-1 recapitalised its debt tranches to the tune of around USD 243.5m in the repricing

Aviva’s new pension strategy to allocate 20%-25% to private markets
My Future Vision has partnered with Neuberger, KKR, Apollo and others to deliver private markets access to pension savers 

KKR, Warwick print 2023-vintage US resets
Both deals issued their triple As at SOFR plus 128bps

Evolving M&A is transforming the capital formation landscape – KKR
'Critical' link between M&A and credit is set to fuel growth in private markets

KKR prices fourth new US BSL CLO for the year
KKR CLO 58 takes the manager’s total issuance for the year to over USD 8bn

KKR grows ABF business to USD 75bn, expands origination
The alternative asset manager acquired a majority stake in a biopharma royalties business this week to add to its asset-backed finance business

KKR resets short-dated US deal from last year
The USD 373m reworking renewed KKR CLO 45a on a standard 2Y/5Y timeline

KKR raises USD 6.5bn, doubling the size of prior asset-backed finance fund
The sophomore fund in the series will invest in private credit investments backed by large, diversified pools of financial and hard assets

KKR issues third new US CLO for the year
The USD 402.5m deal priced its senior triple As at SOFR plus 133bps

Seven managers make up 90% of private credit fundraising – Morningstar
Over the last five years, Apollo alone accounted for 29% of all capital raised for private credit

Virginia, New Mexico among pension systems making new private credit commitments
Virginia Retirement System allocates USD 500m under credit strategies portfolio, while New Mexico State Investment Council allocates USD 250m to Fortress Investment Group and Indiana Public Retirement System commits USD 200m to HPS

KKR takes year-to-date US issuance to USD 2.5bn with latest reset
The USD 313m repricing of KKR CLO 52 reworked a deal that originally printed in May 2023

Mapping the present and future of credit
Keynote speakers at this year’s Creditflux Symposium highlighted the success of credit markets during recent volatility and argued that a wave of securitisation could drive growth in Europe

Credit markets have become more stable and behave differently – KKR’s Eddie O’Neill
PODCAST: The co-head of global liquid credit at KKR sees opportunities and reasons for optimism after the recent market upheaval, especially in Europe and Asia in the latest "Credit Exchange with Lisa Lee" podcast

KKR prices new short-dated US CLO
The USD 403m print was the manager’s first new US deal since November

KKR, Capital Group expand partnership with plans for public-private market product
The private market specialist is joining forces with a traditional asset manager to better reach individual investors

JPMorgan enters private credit big leagues with USD 4bn Boeing unit financing
EXCLUSIVE: The bank takes down the third-largest piece of the giant unitranche, lending shoulder-to-shoulder with direct-lending giants

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. 

KKR, Capital Group set to launch a hybrid private-public credit fund for individuals
The new fund with a low minimum will invest across corporate direct lending, private asset-based lending and public fixed income