Oaktree hires former BlackRock MD for private debt sourcing
The former BlackRock managing director joins to source private debt deals in North America

Ex-Morgan Stanley head of originations starts as Octagon’s head of private credit
EXCLUSIVE: The new hire will lead the liquid credit shop’s new direct-lending strategy, launched earlier this year

PGIM and Partners Group to create public-private asset portfolio products
The two struck a partnership to create multi-asset investment products designed for both individual investors and the institutional investor channel

Regulators fret over hidden risks as tentacles of private credit reach deep into banks
One lesson of the 2008 financial crisis is that regulators were late to grasp the risks lurking in an explosion of collateralised mortgage lending. They are determined not to make the same mistake with private credit

Volatility in US prompts investors to consider Asia private credit exposure
Asia accounts for half the world’s population and two-thirds of GDP growth, but so far it accounts for only a small portion of global private credit. With investors seeking diversity for their holdings, that may be beginning to change

Connecticut, Wisconsin pensions invest in Sixth Street's private credit funds
Sixth Street funds secure commitments from Connecticut, Wisconsin, and Ventura County pensions, while a Texas pension allocates funds to a Silver Point CLO fund

Hayfin hires head of capital markets
The new managing director joins as the firm seeks to pursue larger private credit deals

BC Partners Credit launches evergreen fund for dedicated specialty finance strategy
EXCLUSIVE: The new vehicle will be seeded with eight performing specialty finance loans

Guggenheim resets 2021-vintage mid-market CLO
The transaction repriced a 2021 reissue of a 2019 CLO, with the triple A paper clearing at the wider end of recent mid-market prints

The health of the consumer is a canary in the coal mine – Arena’s Dan Zwirn
The CEO, CIO and co-founder of Arena Investors discusses stress in consumer spending, and prospective responses from policymakers, on the latest episode of Credit Exchange with Lisa Lee

Private credit secondaries poised for record year
Deals in the market are only getting larger and volumes are expected to surpass USD 18bn this year, a new Evercore report shows

New mid market issues from Ares, Deerpath total over USD 1.3bn
The two managers each priced deals worth over USD 650m on Thursday

Samsung Life becomes latest institution to take minority stake in Hayfin
Insurer Samsung Life joins Mubadala and AXA IM Prime as minority stakeholders in Hayfin

Play quality as stress builds in corporate credit – Oak Hill Advisors’ Alan Schrager
Corporate credit stress is beginning to show, creating more opportunities for credit managers to show some differentiation after years of relatively smooth sailing, says Alan Schrager, senior partner at Oak Hill Advisors, in the latest episode of Credit Exchange with Lisa Lee

European Investment Fund backs Kartesia’s asset finance fund
The EIF has invested EUR 50m in the Flexam Invest-managed Kartesia Asset Finance III fund, bringing the fund’s commitment to almost EUR 200m.

AlbaCore hires four to launch infra debt strategy
The European credit specialist jumps into the infrastructure space for the first time, tapping the former head of infrastructure debt at UBS Asset Management to lead the effort

Park Square raises EUR 4bn for junior debt strategy 
The firm’s latest fund, Park Square Capital Partners V, surpassed its initial target and is significantly larger than the EUR 2.2bn predecessor fund

Principal Asset Management hires MD for sponsor-backed direct lending
EXCLUSIVE: Jordon Thompson, who most recently worked for Cerberus Capital Management, now covers sponsor relationships for Principal Asset Management 

Corinthia Global Management hires Ares alum in New York
The global private credit manager has hired former Ares partner Craig Shirey to serve as a managing director

Pemberton raises USD 1.7bn for NAV lending to private equity firms
The London-based private credit shop has met its fundraising target for its debut NAV Financing Core Fund I

CalPERS, LACERS among pensions disclosing recent private credit investments
CalPERS invests USD 1bn in climate-focused private credit fund by Goldman Sachs, while LACERS commits USD 170m to TPG Twin Brook, Sixth Street funds

ADIA invests in Oak Hill Advisors for European special situation strategy
EXCLUSIVE: Abu Dhabi’s biggest sovereign wealth fund makes “significant investment” that will provide Oak Hill Advisors flexibility financing to corporates and real assets in Europe

Golub upsizes, resets first private credit fund CLO
The transaction follows the USD 868.57m print of the manager’s second private credit fund CLO last Wednesday, with both deals arranged via SocGen

Goldman, T. Rowe partner on public-private asset products for individual investors
As part of the agreement, Goldman Sachs will take a small stake in T. Rowe Price by purchasing up to USD 1bn in the publicly traded asset manager’s common stock

Rithm acquires Crestline, creating USD 98bn alts platform
Crestline adds USD 17bn in assets under management and capabilities across direct lending, fund liquidity solutions and insurance