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

First Brands' distorted balance sheets serve as warning to private credit lenders – Market React
Company secured fresh debt despite missing payments to Onset Financial; Special committee investigates double invoice pledging

Third Point adds three MDs from Apogem
The new private credit team members will help source middle market direct lending deals

Muzinich & Co readies second Asia-focused private credit fund
EXCLUSIVE: The direct lending sophmore fund could be as large as USD 1bn

CVC closes latest European direct lending fund with EUR 10.4bn
The firm’s fourth fund, EUDL IV, has already committed to more than 30 investments

Deutsche Bank’s Florian Jacob named head of private corporate credit at DWS
Jacob’s appointment will build on the existing DWS and Deutsche Bank private credit partnership

South Carolina, Virginia among pensions revealing recent credit-focused investments
South Carolina Retirement System Investment Commission allocates over USD 900m to four managers; Virginia, Los Angeles pensions also disclose recent private credit investments, while East Bay Municipal Utility District and City of Jacksonville pensions seek to expand private credit exposure

Aviva’s new pension strategy to allocate 20%-25% to private markets
My Future Vision has partnered with Neuberger, KKR, Apollo and others to deliver private markets access to pension savers 

Smaller issuers default at more than twice the rate of their mid-sized peers – Fitch
Issuers with EBITDA below USD 25m saw a 9.3% default rate in the 12 months to the end of 2Q25

Apollo launches sports lending strategy with new hires
The sports and live entertainment-focused strategy will invest in private credit and hybrid capital solutions opportunities

Mid-market CLO rankings – August 2025
Market leader Golub approaches USD 10bn in year-to-date issuance in our monthly mid-market rankings, while Wells Fargo leads BNP Paribas in the arranger tables

HSBC AM launches evergreen fund targeting trade, working capital assets
The new private credit strategy will invest in assets such as receivables and payables finance, trade loans and other instruments around the world

Mizuho EMEA names former BNP Paribas exec as CIB head
Matthew Ponsonby will become head of Mizuho EMEA’s corporate and investment bank, and president and CEO of Mizuho International on 1 October

OHA closes in on USD 6bn for large cap senior direct lending fund
The open-ended fund is targeting sponsor-backed corporate borrowers with an EBTIDA greater than USD 75m, the firm previously told institutional investors

Former Claren Road execs launch new private credit business
EXCLUSIVE: The new firm, Claren Road Private Credit Solutions, has already started managing assets for SMA clients

A Texas pension discloses investment in CLO equity fund
Texas Municipal Retirement System commits USD 775m in Q2 2025, including investment in OHA's CLO equity fund

Golub prices middle-market CLO with 10-year reinvestment period
The innovative deal sees the reinvestment period set to expire in October 2035, with the non-call period running until 2033

Deutsche Bank, DWS and Partners Group to launch alts fund for wealthy European investors
The new private markets fund will be available in the third quarter and distributed to the bank’s qualified private clients

Insurer CNO takes minority stake in Janus Henderson’s Victory Park
CNO Financial Group also agreed to commit a minimum of USD 600m to new and existing investment strategies by the private asset-backed credit firm

Apollo to launch three evergreen funds in Europe to tap individual investors
Apollo has secured regulatory approval in Luxembourg for three semi-liquid evergreen private markets funds including two credit ones

Audax reworks 2021-vintage issue with fifth deal of the year
The triple A paper, split as part of the reset into discrete loan and note tranches, issued at SOFR plus 150bps

Clearstream deal broadens access to BlackRock’s private market evergreen funds
New agreement will expand wealth manager access to BlackRock’s private market solutions

CFO issuance hitting new record and running hot — KBRA
Total issuance of collateralized fund obligations have already reached USD 15.7bn this year, a new record, and is expected to hit USD 20bn by year end

Simplify Asset Management launches private credit ETF
The new exchange traded fund will track the universe of business development funds and listed funds that invest in private credit as captured by the VettaFi Private Credit Index

CFA warns of conflicts of interest in continuation funds
The growing popularity of continuation funds has raised questions around manager processes, the CFA Institute said