TPG to raise new capital for CLO platform
The alternatives firm also launched a new middle market direct lending strategy that targets larger borrowers than the existing Twin Brook franchise

Ares plans to raise a USD 6.6bn alternative credit fund in just six months
The alternative asset manager also said on its fourth quarter earnings call that it is preparing a final close for its latest opportunistic credit fund

PennantPark resets 2024-vintage private credit CLO
PennantPark has reset a 2024-vintage private credit CLO, tightening its senior triple A spreads by 87bps from the level they issued at two years ago

Blue Owl raises USD 2.5bn for opportunistic alternative credit fund
The firm also said it is not negative on software lending, amid concerns that artificial intelligence may make some businesses obsolete

European BSL market upped risk to win deals in 2025 – White & Case
The BSL market issued a higher percentage of loans rated below BB against a backdrop of patchy M&A flow

Private credit secondaries poised for insurer activity – Coller
ANALYSIS: Credit secondaries are the natural buyer universe for structured notes, which have become a popular way for insurers to gain private credit exposure

New Jersey, Oklahoma systems double down on private credit SMAs
New Jersey DOI commits USD 600m to Golub Capital, while Oklahoma, NY systems increase allocations to SMAs; Vermont pension could commit USD 235m in 2026

Pantheon backs Eurazeo in EUR 480m private debt secondaries deal
Eurazeo announced it has closed a continuation vehicle, allowing some LPs to liquidate their shares early

Retail and consumer credits show weaker fundamentals – BlackRock co-head of leveraged finance Mitch Garfin
PODCAST: There are opportunities in the market, according to Mitch Garfin, co-head of leveraged finance at BlackRock – but consumer and retail-oriented sectors are under pressure 

Prepare for a swift credit pullback when the bullish run ends – Deutsche Bank
The likely new US Federal Reserve chair may be more hawkish, and the progress made in artificial intelligence could disrupt credits in the software sector, DB analysts warn

Moody’s prepares to enter European private credit CLO rating space
EXCLUSIVE: Moody’s is in discussions about rating private credit CLOs in Europe for the first time, as the market continues to grow

PGIM makes credit secondaries push, eyes mid-market deals
The new platform will combine secondaries and direct lending capabilities in one unit, while PGIM will actively consider US, Europe GP-led and LP-led deals

London leveraged finance leaders turn out for melanoma fight
The British Museum played host to the second edition of Leveraged Finance Fights Melanoma (LFFM) London on Wednesday evening, with some 700 attendees from 90 firms across the leveraged finance and private equity helping raise over GBP 1.6m for melanoma research

LACERS stalls private credit consultant renewal, Connecticut system issues RFP
The Texas County & District Retirement System invests another USD 60m in Alcentra's Structured Credit Opportunities Fund V, while LACERS delays private credit consultant renewal over fees

LBP AM raises EUR 500m for infra debt backing climate change fight
The European alternative investment firm will use the latest debt fund to invest in low-carbon or de-carbonizing infrastructure

Coller Capital expects more to come from evolving Asia secondaries ecosystem
Sponsor has USD 17bn to deploy in current cycle, optimistic about Asia; open mind, broad toolkit seen as essential to getting traction in Asia

Investec raises EUR 600m for oversubscribed private debt fund
Investec Alternative Investment Management held a final close for the sophomore Investec Private Debt Fund II, which focuses on lending in the European lower middle market

We’re looking at a multi-year M&A uptick – Morgan Stanley head of private credit and equity David Miller
PODCAST: Speaking on the latest episode of Credit Exchange with Lisa Lee, Miller highlighted the impact of the large amount of fundraising and deployment that occurred in the 2020-2022 period as significant for his positive outlook

BlackRock TCP’s BDC waives Q4 fees, anticipating NAV drop
The listed BDC faces nearly a 20% plunge in net asset value after making a series of bad bets

Antares launches USD 1bn+ GP-led private credit secondaries deal
EXCLUSIVE: The firm is back in the market with its second continuation vehicle and has hired advisors to help run the process

Carlyle AlpInvest backs USD 1.5bn Eldridge credit fund
Eldridge used a secondaries transaction to help establish its first private credit fund

EQT targets secondaries expansion with Coller Capital acquisition
The Swedish private equity firm has acquired credit secondaries specialist Coller Capital in a deal worth USD 3.2b

Churchill raises USD 16bn in largest capital raise to date
The total includes the closings of the fifth vintage of the firm’s flagship senior loan strategy, along with separately managed accounts

Private credit investors chase higher risk-return—Campbell Lutyens
A new survey shows investors are seeking higher returning strategies amid expectations of lower rates, while also turning away from the dominant North American market

PGIM rolls out private credit secondaries platform
The asset manager will deploy up to USD 1bn into private credit secondaries over the next two years