Direct lending: a history of resilience
They said defaults would get it, then redemptions, then fraud, AI and redemptions (again!). But direct lending has been with us for over a decade — and it keeps proving its staying power

US private credit eyes return of contrarians
Retail investors may have retreated from private credit, but attendees at Debtwire’s Private Credit Forum New York say some institutional investors are now pivoting back to the sector

European outlook is rosy, say direct lenders
Attendees at Debtwire’s Private Credit Forum Europe 2026 argued that, despite pockets of distress, demand for private capital is high and the sector’s record shows it is resilient

Vistina builds out team and opens London base after Moody’s hire
EXCLUSIVE: After hiring Moody’s executive and ratings expert Jeanine Arnold, private credit advisory firm Vistina is expanding its European footprint

CalPERS posts 11% net return for private debt, improves funded status
The California Public Employees Retirement System, one of the largest institutional investors, released preliminary investment results for the 2025-2026 fiscal year

Connecticut, Maine systems plan large commitments to asset-backed lending strategies
CRPTF plans USD 500m commitment to Fortress Lending V; Fresno, San Diego invest in European credit funds

US private credit CLO rankings – June 2026
Sustained strong issuance through its BCRED shelf over the first sixth months of the year has seen Blackstone claim the top spot in our private credit CLO issuance rankings for H1 2026, with an 11% market share, ahead of Golub and Bain

Most BDCs can survive liquidity stress test – Moody’s
Moody’s Ratings has conducted a stress test on the BDC sector which concluded that liquidity remains sound

More GPs encourage employees to co-invest in their own private funds
Private credit managers are helping their employees invest alongside institutional LPs in their own private funds to improve retention and investor alignment

Private credit and direct lending to grow their share of the loan market—LMA report
A new LMA survey of 234 loan market professionals found that 43% believe private credit and direct lending will grow their share of the EMEA loan market by 2040

Houlihan hires HarbourVest MD in GP-led secondaries push 
Dan Buffery joins the investment bank to help lead the firm’s North American GP-led secondaries advisory business

Strategic buyers increasingly facilitate exits of private credit lenders—Morningstar
The ratings agency observes in a new report that private credit borrowers sold to strategic buyers are starting to drive a larger portion of its credit ratings discontinuations

Texas, San Francisco among systems disclosing tactical, specialty credit investments
TCDRS commits USD 400m to Silver Point, Gallatin Point funds; Ohio pensions commit to GoldenTree, TPG funds

Temasek to bump up private credit allocation to 5% by 2031
The Singaporean institutional investor giant says private credit offers compelling opportunities in the near term, despite recent negative sentiment surrounding the asset class

Banks are piling into the CLO market – BSP
Despite negative headlines around the alternative credit space, banks are still supportive of private debt and the CLO market behind closed doors, according to Benefit Street Partners

Private credit vulnerable amid tightening financing conditions – Bank of England
The central bank is also keeping a close eye on AI-related companies’ increasing use of debt, including private credit

Silver Point hires Goldman MD for private credit origination
Michael Cote previously served as a managing director in Goldman Sachs’s leveraged finance business

Cahill’s private credit co-head joins Paul Hastings in New York
Peter Williams, who also has experience as a managing director at KKR, now joins Paul Hasting’s global finance platform

European private credit CLO market sparks back to life
ANALYSIS: After a brisk start, the European private credit CLO market has stalled somewhat over the past year, but a new issue in the space and the expectation of incoming hybrid issues has breathed new life into the sector

Fidelity issues inaugural private credit CLO with half-billion-dollar print
Fidelity has priced its first private credit CLO, becoming the latest player to enter the space, following Partners Group's similar debut deal last week

Exit requests decline for Blue Owl’s semi-liquid tech lending fund
The fund, which saw some the highest exit request levels last quarter, reported a modest decrease and management says investor sentiment has improved.

Hayfin completes one of Europe’s largest private credit fundraises to date with EUR 15bn
Hayfin’s Direct Lending Fund V ranks among the largest ever direct lending fundraises completed in Europe, the company said

New private credit CLOs print from Apollo and Churchill
Apollo's ADL CLO 3 was valued at USD 515m and issued through Citi, while Churchill paired with Bank of America to price its USD 349m MMSLF CLO-V

Blackstone to raise capital for new institutional IG private debt fund
The alternative asset management giant has launched its first institutional, commingled private fund focused on investment grade private debt investments

Phoenix and Texas Capital partner on direct lending perpetual nontraded BDC
The new Spurstone Credit fund is anchored by institutional investors and will launch in the third quarter