Carlyle gets tightest middle-market reset senior spreads of 2024
Carlyle has reset its Carlyle Direct Lending CLO 2015-1R, a 2015 vintage with an unusual history, with the tightest senior spread in a middle-market reset this year

Sagard targets North American middle market opportunities with new senior lending fund - partner
Sagard, a Power Corporation of Canada alternative asset investment platform, will provide first-lien financing to lower middle market and middle market US and Canadian companies

GSAM raises USD 21bn for large-cap private credit
Goldman Sachs Alternatives announced on Wednesday that it had raised more than USD 20bn for large-cap private credit investments

Sycamore Tree hires Mizzen Capital’s Head of Business Development
Sycamore Tree has expanded its business development team with the addition of an ex-Mizzen Capital industry veteran

Gravis Capital prepares to launch inaugural private credit fund
Gravis Capital is preparing to launch its first private credit fund with a EUR 500m-equivalent target size

Hayfin raising new direct lending fund while narrowing potential buyer list
Hayfin Capital Management is fundraising a new European direct lending fund even as the UK asset manager narrows down a list of potential acquirers to buy the firm

Davidson Kempner signs on to Alta digital exchange
Davidson Kempner Capital Management has entered a deal to offer access to its multi-strategy and ABL strategies through Alta

Shorooq Partners closes USD 100m private credit fund
Shorooq Partners, an Abu Dhabi-based alternative investment manager, announced on 23 May the first close of its USD 100m second private credit fund

Dechert hires Fried Frank private credit lawyer
Dechert has hired a private credit and funds formation expert as a partner in the firm's financial services practice group

Montana Board of Investments makes USD 75m commitment to private credit
The Montana Board of Investments has allocated USD 75m to a San Francisco-based direct lending fund

Corinthia eyes mid-June start
Corinthia Global Management, the start-up firm that’s shaking up the USD 1.7trn private credit space, is laying the foundations for mid-June market entrance

Boutique London manager holds first close on direct lending fund
London-based alternative investment manager Prefequity revealed the first close of its Prefequity Credit Opportunities II fund 

Private credit veteran returns to Barings
Barings is rebuilding its private credit team with the return of a veteran private credit alumni as a managing director in its global private finance group

Audax sees senior spreads come in 30bps in 3 months as new MM CLO prices
Audax Senior Debt, the senior debt direct lending arm of Audax Private Debt, has priced its second new middle-market CLO of the year

Fidelity U-turns on European direct lending strategy as it ditches origination in favour of third-party partnerships
Fidelity International is cutting its direct lending division in Europe, and will instead partner with third parties to offer private credit solutions going forward

CLOs and Private Credit can learn to coexist, conference hears
A discussion led by Debtwire's Head of Leveraged Loans Jelena Cvejic, brought together an audience of lawyers, CLO managers and private credit players to hear about the battle between the two. 

Blackstone’s private credit fund for European retail investors gains traction
Blackstone has been eyeing one of the world’s biggest pools of wealth — and after a slow start, the asset manager’s push to sell private credit to affluent Europeans is gaining traction

Major banks embrace private credit partnerships as they target non‑traditional lending
PNC Financial Services Group and TCW Group are the latest to team up to launch a private credit platform, as non-traditional bank lending continues to attract established banks.

Alliance Bernstein grows alternatives business
AllianceBernstein continues to expand its alternatives business with the launch of a new BDC, as well as a further push into strategies such as energy transition, asset-based lending and opportunistic credit

Singapore-based Kadita Partners closes private credit fund
Singapore-based private credit manager Kadita Partners has closed the Kadita Credit Solutions Fund 1

Silver Point prices new middle-market deal
Silver Point Capital on Wednesday priced Silver Point SCF CLO III, a new US middle-market deal

Swedish manager raises EUR 1.7bn for private credit fund
A Stockholm-based private credit specialist has closed a fund targeting non-sponsored loans to mid-sized family-owned and growth businesses in Northern Europe

US MM CLO Rankings - April 2024
Our latest rankings for the US MM CLO market, including arranger and manager league tables

Higher interest rates have caused more private credit downgrades, new report says
The lagging impact of higher interest rates is resulting in a sizeable uptick in private credit downgrades, according to a new report from KBRA

Raymond James and Eldridge Industries launch private credit platform
Raymond James and Eldridge Industries are the lastest additions to the growing list of traditional banks and asset managers teaming up to expand their private credit platforms