Private credit managers seek a toehold in financial advisors’ model investment portfolios
The model portfolio, with pre-selected managers and asset class exposures, has become a convenient way for investors to access public asset classes through mutual funds and ETFs in a single package

How direct lending took off in Europe
In the first of a two-part history, we look at direct lending’s origins in US junk bonds, its leap across the Atlantic and the rise of the huge firms that now dominate the European industry

Venture debt lenders gear up for growth
Lending to venture capital-backed companies is hitting an all-time high in the US and Europe, with AI, enterprise software, fintech, sustainability and biotech among the busiest sectors

Private equity firms believe M&As and exits are looking up — and they still like continuation vehicles
Continuation vehicles are mainly being used to hold on to trophy businesses

IMF sounds alarm on bank exposure to private credit
A new IMF report found that the growing appeal of non-bank financial institutions, such as private credit funds, poses a risk to global financial stability

Private credit incentivized to seek more protection than BSL
With the First Brands fallout still in the headlines, private credit managers sought to differentiate themselves from the banks that underwrote the troubled auto lender

Dimon warns of double leverage risk in CLOs
JPMorgan CEO Jamie Dimon suggested there may be additional risks in CLOs during a downturn

First Brands bankruptcy seems to be a problem separate from private credit - Blue Owl
CEO Marc Lipschultz is not seeing an uptick in private credit defaults and says concerns around the asset class are misplaced

Asia private credit revisits fixed-rate loan option – Muzinich
With expectations that interest rates will decline, private credit managers in Asia are looking to switch back to making fixed-rate loans

Private credit adds 2% additional yield for North American insurers
S&P Global predicts growth in insurance allocations towards private credit as the asset class delivers extra yield

HPS resets, upsizes private credit CLO
The debt tranches in the deal were upsized by USD 255m, to a total of USD 578m, in an issue arranged by Bank of America

Golub sets new mid-market tight with new issue
The manager's latest new mid-market CLO has priced at the tightest level for such deals since mid-March

Värde appoints head of ABF, hires ex-KKR MD
The appointments come as the firm looks to expand in the asset-based finance sub-sector of private credit

There’s tremendous fragility in the system – PGIM’s co-CIO Greg Peters
PODCAST: “Underneath is a lot of volatility. Companies are struggling. You’re seeing really wide dispersion,” says Greg Peters, co-chief investment officer at PGIM Fixed Income, on the latest episode of Credit Exchange with Lisa Lee

Runway to acquire healthcare-focused specialty finance company
The acquisition is part of the firm’s push to grow its platform through organic and inorganic means

Mizuho taps head of sponsor coverage and levfin for EMEA
The bank named Waqaas Lone to the role and also appointed a deputy head of sponsor coverage and leveraged finance for the region

HarbourVest taps leaders for new credit secondaries team
The announcement comes after the firm launched its first dedicated credit secondaries fund

Golub starts GP-led secondaries strategy
The private credit shop’s new strategy is meant to complement its existing equity co-investment business

Ex-Muzinich co-head of US private debt joins Colbeck
The new hire adds to Colbeck Capital Management’s capabilities across the US middle market

HPS partners with Vistina on investment grade ABF
The new collaboration will give HPS parent company BlackRock greater access to the growing ABF market for its investors

Blackstone hires MD to lead private credit origination in India
This is Blackstone Credit & Insurance’s first hire in the country, as the India market becomes a priority

SocGen targets third-party capital for new private credit vehicle
EXCLUSIVE from DW: Substantial commitment to seed fund, attract external investors; Laurent Petit heads private debt team after rejoining from Amundi in 2023
 

Eagle Point and Apple Bank strike equipment finance JV
The new platform will offer bespoke financing options to companies with limited access to traditional bank lending programs

Most private credit managers now offer semi-liquid vehicle options—Dechert
The number of private credit products that offer periodic redemptions have increased as more investors, both institutional and retail, demand more liquidity

Workout teams are absolutely critical in private credit – Antares’ Tim Lyne
PODCAST: “It’s a huge differentiator” to have dedicated and experienced personnel to deal with struggling borrowers, says Tim Lyne, CEO of private credit specialist Antares Capital, in the latest Credit Exchange podcast with Lisa Lee