Australian regulator joins chorus voicing private-credit concerns
ASIC has warned of sector failings in Australia’s private-credit market and suggested legal reform

Ex-AIMCo private credit veteran Scudellari reappears at ICG
David Scudellari previously exited the Canadian pension giant amid an organizational shakeup

Ares readies next flagship alternative credit, senior lending funds
The alternative credit manager also recorded its highest fundraising quarter, corralling USD 30bn from investors

First Brands and Tricolor show due diligence matters – Crescent President Chris Wright
PODCAST: There are lots of mixed signals currently in the market, which is creating uncertainty, according to Chris Wright, president of Crescent Capital Group, on the latest episode of Credit Exchange with Lisa Lee

Blue Owl completes Dyal IV strip sale, raises USD 2.7bn for GP stakes strategy
EXCLUSIVE: USD 2.5bn strip sale made up bulk of capital raised for GP stakes strategy; Dyal Capital Partners VI is now 35% deployed
 

More European multi-currency CLOs expected after Barings issuance
EXCLUSIVE: More sterling/euro private credit CLOs are expected to launch next year, following the successful pricing of Barings’ pioneering multi-currency deal

Ares to acquire systematic credit shop BlueCove
The London-based fixed income manager invests in high-yield, corporate investment grade, convertible bonds and other liquid credit assets

Ares issues billion-dollar direct lending CLO, matches AAA tight
The senior triple As priced at SOFR plus 140 bps, seven bps inside the average triple A spread for mid-market deals throughout October

Regulators will see the benefits of private credit – Blackstone
The resilience of private credit will become clear following a review of the sector by UK regulators, says Blackstone’s Daniel Leiter

Barings prices multi-currency European mid-market CLO
The primarily euro-denominated deal included a GBP 103m triple A tranche issued in sterling

Private credit’s record dry powder reshaping competition and deployment
Record dry powder levels and weak M&A volumes are intensifying competition across European private credit

Eyre Street Capital targets USD 800m for sustainable private credit
The firm is launching its second “sustainable” private credit fund, which will find complex private credit opportunities that will help businesses build environmental resilience

Apollo partners with Coinbase on private credit, stablecoin strategies
The two firms aim to bring new investment products that focus on private credit and digital assets to the market in 2026

ABF increases the lending toolkit – Apollo co-head of asset-backed finance Bret Leas
PODCAST: Bret Leas, co-head of asset-backed finance at Apollo Global Management, says asset-backed financing has contributed to a significant widening of the financing toolkit, on the latest edition of the Credit Exchange podcast with Lisa Lee

Crestline launches perpetual, private BDC to attract private wealth investors
This is the firm’s first business development company and commingled perpetual vehicle

BDT & MSD launches senior direct lending fund
The new fund comes after the firm hired Goldman Sachs Asset Management’s former global head of private credit earlier this year

US life insurers increase commitments to CLOs and private credit – Fitch

Alt IM-backed life insurers in the US are increasing their allocations to CLOs and private credit in the search for higher yield

New York State Common Retirement Fund commits USD 200m to Oak Hill's CLO fund
The pension fund has committed the funds to OHA CLO Equity Fund III, which will target investments in North America and Europe

Golub matches mid-market spread tights with reset of 2023 deal
The manager reworked Golub Capital Partners CLO 69(M)-R in a USD 922.5m issue, matching the spreads seen in its most recent new-issue mid-market CLO

Audax slashes cost of debt with two-year-old reset
The reworking of Audax Senior Debt CLO 8 saw the top-of-stack paper tighten in by 95bps, while the overall cost of funding was reduced by over 132bps

Blackstone raises USD 1.6bn for new high-yield ABF strategy
The alternative asset management giant is targeting USD 4bn for its new high yield, private-asset-based finance fund

Barings to launch first European multi-currency private credit CLO
EXCLUSIVE: Sterling-euro deal will be the third European private credit CLO to hit the market

Oaktree raises USD 2.35bn for insurer-friendly evergreen direct lending fund
The fund, designed for institutional investors, will follow a senior direct lending strategy and focus on the middle market

BoE to update on private credit stress test before Christmas
EXCLUSIVE: An exploratory scenario test for private credit is in the works, following risk warnings from Governor Andrew Bailey

LPs seek cyclical private credit play amid US economic uncertainty
Many LPs pivoted to all-weather private credit strategies in recent years, but interest in more opportunistic and special-sits strategies reliant on a credit downturn are picking up once more