End of week sees private credit CLO issuance rush
The mid-market saw a flurry of issues from Eldridge, Churchill, StepStone and BlackRock toward the end of last week, with the total value of the four deals across Thursday and Friday totalling over USD 1.5bn

MetLife IM appoints global head of private fixed income
The role was left open after Brian Funk was promoted to president earlier this summer

Policy changes push endowments toward private credit evergreen funds - Cerulli
EXCLUSIVE: Endowments, the fastest growing institutional investor group in the US, are grappling with increased liquidity needs

PGIM raises USD 619m to finance oil and gas companies
The fund will provide flexible private debt and structured equity to fund middle market upstream oil and gas and midstream companies in North America

Direct lending competition erases refinancing premium
Historically, new LBOs resulted in cheaper pricing, but spreads for refinancing and recapitalization deals have tightened as direct lenders face a lack of deployment opportunities

HIG issues second new mid-market issue for 2025
The deal, which priced its senior triple A paper at SOFR plus 155bps comes as mid-market CLOs have taken a significant step tighter in spreads

Neuberger Berman launches asset-based credit fund for wealthy investors
The latest private credit vehicle is structured as an interval fund and will offer wealthy US individual investors daily valuation and limited quarterly liquidity

Mid-market CLOs reduce premium over BSL spreads back to narrowest margin of 2025
ANALYSIS: Private credit CLO spreads are seeing rapid tightening, with the difference between BSL and mid-market triple A benchmarks having narrowed back to its tightest level seen this year

Anchorage exceeds hard cap on credit opportunities fund
The firm held a final close for Anchorage Credit Opportunities Fund IX, which will invest across stressed, distressed, structured and special situations credits

Blue Owl lowers private credit CLO spreads with USD 1bn new issue
Blue Owl has set new post-Liberation Day spread tights for mid-market issues with its latest print, a week after setting the previous low for triple As

US direct lending faces 6% “shadow default rate”—Lincoln
Many private credit managers are offering payment-in-kind options to weaker borrowers, possibly obscuring more widespread pain in the market

BC Partners LPs roll into third unitranche-focused private debt fund
The latest Great Lakes III fund kicked off its investment period and began deploying capital on 1 August, the company said.

Private credit deals in India grow 53% year-over-year
Private credit investments in India hit USD 9bn during the first half of the year, according to a new report from EY

SCERS combines public and private credit; Ups target
The overall credit asset class, which includes both liquid and illiquid investments, will now have a target allocation of 9%

Venture debt specialist Horizon expands lending to listed, small cap companies
EXCLUSIVE: Horizon Technology Finance revamps its strategy by merging with Monroe’s other listed BDC and expanding its focus beyond traditional venture lending

MidCap hires MD for asset-based lending originations
The new hire previously worked at Apollo-affiliated equipment finance platform Capteris

Crescent hires two MDs, launches GP financing strategy
The new GP financing solutions strategy will see the firm provide flexible, nondilutive financing options to middle-market private equity managers

Private credit firms lean on origination partners to push into asset-backed lending
The private credit juggernaut keeps trundling on, with firms such as Carlyle and Fortress thrusting into the private asset-backed finance market, which by some estimates could be worth USD 30tn

Core direct lending falls out of favour
As capital flows in and middle market M&A shrinks, private credit managers are looking for new places to invest, said speakers at the Debtwire Private Credit Forum New York

CVC raises USD 700m for CLO equity fund, plans new products
The European private credit manager also expects to hold a final close for its European Direct Lending Fund IV in late 3Q

Proskauer adds leveraged finance partner in London
The law firm has recruited Peter Mason from White & Case to join its global finance practice, the latest in a series of recruitments

HIG WhiteHorse corrals USD 5.9bn for US direct lending
The latest fund will be used to originate senior-secured loans for both sponsored and non-sponsored corporate borrowers

Coller Capital backs Twin Brook in record USD 3bn private credit continuation vehicle
The continuation vehicle will acquire a diversified portfolio of sponsor-backed, senior direct loans from TPG Twin Brook’s 2016 and 2018 vintage funds

Private credit inflows face uphill battle even as 401(k) doors open
Although US President Trump’s executive order opens defined contribution retirement plans like 401(k)s to private credit investments, a sudden and meaningful rise in inflows is unlikely 

Sponsors push amendments as direct lenders grow receptive – L4CP’s Chuchla
Particularly with vintage-2021 deals, direct lenders are open to amending terms to the looser market standard of today, Lane Four Capital Partners founder Rob Chuchla said