Manulife Comvest raises USD 5.4bn for North American direct lending
This fund close comes after Manulife Financial Corporation acquired 75% of Comvest Credit Partners in November

Investor demand strongest for European PC CLOs – Golub
EXCLUSIVE: Investor demand is stronger for European private credit CLOs than any other segment of the CLO market, according to Golub Capital’s Landis Wood

Bridgepoint closes fourth direct lending fund with EUR 5.1bn, topping target
The fund had previously set a fundraising target of EUR 4bn for Bridgepoint Direct Lending IV

Latest Ares private credit CLO sees AAAs clear at 145bps
Ivy Hill Middle Market Credit Fund XXV issued with a value of USD 403.2m and a 2Y/5Y schedule

Barings resets first European private credit CLO as reinvesting deal
The manager's inaugural 2024 static issue was reworked on a 1.5Y/4.5Y timetable, and now includes a sterling-denominated triple A tranche, with the dual-currency format establishing itself as the standard for this type of deal

BlackRock becomes latest to issue static private credit CLO
The manager's latest print follows static private credit CLO prints in recent months from Fortress, Blackstone and Barings, as well as the manager's own BlackRock DLF IX-L CLO 2026 Static in January, which issued as an unusual single-tranche CLO

Golub co-CEO sees a Darwinian moment for private capital
PODCAST: The private equity industry is in a Darwinian moment, according to David Golub, co-CEO of direct lending specialist Golub Capital, on the latest episode of Credit Exchange with Lisa Lee

T. Rowe Price launches private market interval fund with Goldman Sachs
The T. Rowe Price Goldman Sachs Private Markets Fund will allow individual investors to access private credit, leveraged loans and other private market opportunities

PGIM acquires outstanding 25% interest in direct lender Deerpath
The purchase of the remaining one-quarter share follows PGIM’s initial acquisition of a 75% stake in 2023

Blackstone’s BCRED co-CEO resigns
Jonathan Bock, co-CEO of Blackstone’s flagship private credit fund BCRED, has resigned from his role, leaving Brad Marshall to manage the fund alone

Golub logs record amount of private credit trading this year
EXCLUSIVE: Golub Capital has logged more than USD 2bn in private credit trading over the first half of 2026, a record for the firm

Private credit drives nearly half of Blackstone inflows in Q2
The alternative asset management giant said institutional investors are continuing to commit capital but also that redemption requests for its semi-liquid direct lending fund BCRED appear to be slowing

Golub adds managing director to European direct lending team
Timothée Delisle previously held positions at firms such as Morgan Stanley, Alcentra, BlackRock, and HSBC

Blackstone, Wellington and Vanguard collaborate on all-in-one private market vehicles for wealth channel
The three asset managers have launched two products that will give individual investors exposure to a mix of private market assets within a single allocation

Private credit secondaries deals more than doubled in 1H—Evercore
The first half of the year saw private credit secondaries volume balloon to USD 20bn, surpassing full-year 2025 volumes, with GP-led deals dominating, a new report from Evercore shows

Ardian targets NorthAm growth for HR Path with USD 1bn continuation vehicle
CV led by Eurazeo; raised in only 3 months attracted more than 30 investors

Apollo facilitates trading of rated notes as secondary market emerges
EXCLUSIVE: Rated notes, which have become a popular tool to raise capital for private funds and give investors indirect exposure to risky private market assets, are starting to trade hands

GoldenTree hits USD 2.75bn hard cap for sophomore private credit fund
The firm’s employees and partners committed USD 50m to the fund, the company announced

BlackRock private market inflows led by private credit as spreads widen
Institutional investors want to put more private credit money to work in this environment, the global asset management giant said on its earnings call

IMCO finds private credit sourcing efficiency with co-investments
The Investment Management Corporation of Ontario (IMCO) is investing in private credit via co-investments sourced by asset manager relationships, with the Canadian institutional investor saying this is a more efficient method than building its own deal sourcing team

Banks gear up to offer advisory services for private funds
A recruitment drive is underway on Wall Street as investment banks vie for new business to boost their bottom lines. But the new hires will not be working on M&A deals – instead, their job is to advise private funds investing in assets such as private credit or private equity

Brookfield taps CLO talent pool for syndication push
Brookfield’s recruitment of CLO expert Rachel Russell reflects a growing market for syndicated private credit, in which large-scale loan transactions and risk exposures are spread across multiple lenders

News in brief
Top stories on creditflux.com: including early summer visits to Clearlake and Nearwater

The right moment to take a chance
Stephen Ketchum founded Sound Point during the global financial crisis with seed funding of USD 35m. He moved into CLOs in 2012. Today, the firm has many arms and AUM of USD 46bn

Gearing up private credit CLOs in Europe
Hybrid deals are the latest attempt to make private credit CLOs work in Europe. They aim to combine private credit and leveraged loans to create a vehicle that delivers yield and liquidity