Golub acquires minority stake in insurer Nassau
Golub Capital has made a USD 200m minority, non-voting equity investment in Nassau Financial Group, a financial services company with insurance and asset management businesses  

Steven Cohen’s Point 72 taps Blackstone veteran to build private credit strategy
Point72 has hired Blackstone's Todd Hirsch as head of private capital to build a new investment strategy focused on private credit

Akin launches Capital Solutions group, reflecting private credit market shift
Law firm Akin Gump Strauss Hauer & Feld has created a new team combining lawyers across private equity, private credit and tax groups to address deals with both equity and debt characteristics

Ninety One taps Standard Chartered Bank exec to head alternative credit
Ninety One, a global investment manager with almost USD 171bn in assets under management, has appointed Alper Kilic to serve as head of alternative credit

A holiday funds roundup
A recap of end-of-year happenings as the industry kept moving right through the holidays and the new year celebrations

Princely Family of Liechtenstein’s LGT raises USD 2.17bn for latest credit fund
Royal family-owned LGT Capital Partners has successfully fundraised USD 2.17bn for its evergreen credit fund, according to an SEC filing  

Blue Owl delays fundraising launch of opportunistic credit fund
Blue Owl has put fundraising for its upcoming opportunistic credit fund on pause as it evaluates the market opportunity, according to sources familiar with the matter. 

Daniel Loeb’s Third Point agrees to acquire Birch Grove
Billionaire Daniel Loeb’s Third Point said it will acquire AS Birch Grove from American Securities, in a move designed to expand the hedge fund's credit capabilities, according to a press release

PIMCO sees asset-based private credit opportunities growing as banks await regulatory clarity
PIMCO predicts the growth of asset-based finance because  theTrump presidency unlikely to stop regulation of regional banks   

Canyon Partners promotes co-head of private credit Kivitz to CIO role
Canyon Partners has tapped co-head of private credit Jeff Kivitz to serve as the firm’s next CIO, replacing outgoing Todd Lemkin

European junior debt opportunities opening up according to Park Square
As Park Square celebrates its 20th anniversary, we asked the firm’s founder and managing partner Robin Doumar about the private credit landscape in Europe.

GP-led transactions set to fuel private credit secondaries in 2025 as deal sizes increase
Private credit secondaries volume has skyrocketed over the past year, and industry participants believe the momentum will continue into 2025 thanks to an environment ripe for GP-led transactions.

Private credit managers try to get creative in lacklustre fundraising environment
Facing a less-than-ideal fundraising environment, private credit managers are having to pull various levers to secure equity commitments for their latest funds.

UBS forecasts strong private credit returns in 2025, but also downside risks
UBS Global Research has tipped double-digit returns for US investors in its 2025 private credit outlook, but emphasised the risks are skewed to the downside

Connecticut pension fund joins new trend for evergreen fund-of-ones
The Connecticut Retirement Plans and Trust Funds’ investment advisory council has recommended a new private debt fund-of-one with an evergreen investment period to the pension board in the latest example of institutional investors seeking flexible vehicles.

Credit funds at a glance
Fund performance, recent hires, recent fundraising

This time around, BlackRock will be poised to be a shaper of the move
USD 12bn seems a lot to pay for HPS. But BlackRock urgently needed to catch up in private credit

Secondaries have become an essential part of the private equity ecosystem
As PE funds hold companies for longer, GPs are finding new ways to generate distributions

MA Financial Group launches US private credit interval fund
MA Financial Group, a global alternative asset manager based in Sydney, Australia, has launched a US private credit interval fund managed by US business arm, MA Asset Management

CapitalLand expands into Australian private credit with Wingate deal
Singapore-based CapitalLand Investment has struck a deal to acquire both the corporate credit and property investment management businesses of Wingate Group

FoxPath readies debut credit secondaries fund
New York-based FoxPath Capital Partners is in the process of launching its debut fund, which will invest in private credit secondaries

BNP Paribas AM hires from AXA and LFPI to build unitranche strategy
BNP Paribas Asset Management has created a new European direct lending strategy focused on unitranche and junior debt investments with the help of two senior hires

Monroe knocks 103bps off triple-As in refinancing of middle-market CLO
Monroe Capital Partners has refinanced its Monroe Capital MML CLO XIV, a middle-market deal from two years ago, tightening the spread at the top of the stack dramatically

Barings hires Churchill MD for private debt originations
Barings Global Private Finance has hired a managing director from Churchill Asset Management to serve as a managing director for North America Private Credit

NY Life Investments acquires stake in European mezz specialist
New York Life Investments and affiliate Candriam has agreed to take a 40% stake in Andera Partners, a European investment manager specializing in PE investments and mezzanine debt