CalPERS rolls out ESG due diligence for private debt investments
The California pension giant also has an investment mandate specific to battling climate change.  

Ares launches direct lending fund for European wealth investors
The firm’s first ELTIF product will give individual investors access to its existing European direct lending strategy

Clearlake seals largest new direct lending deal for Dun & Bradstreet
Ares leads deal, taking USD 1.5bn; Morgan Stanley, Clearlake Capital Markets, Golub and Blue Owl also helped arrange the largest new unitranche ever

Clearlake, direct lenders plan to ink USD 5bn private credit loan for Dun & Bradstreet
EXCLUSIVE: A group of direct lenders led by Ares are wrapping up a USD 5bn term loan and USD 500m revolver, prepping to sign commitment documents within hours

Kayne Anderson raises more than USD 2bn for middle market direct lending
EXCLUSIVE: The firm plans to hold a final close for Kayne Anderson Senior Credit Fund V at the end of the year

Crestline raises USD 3.5bn for sponsor and nonsponsor-backed direct lending
The firm held a final close for its Crestline Direct Lending Fund IV

JPMorgan’s asset management arm seeks to raise direct lending fund
EXCLUSIVE: The asset management unit is raising capital from institutional investors for direct lending as the bank steps up lending from its balance sheet.

Pemberton raises EUR 6.1bn for senior direct lending funds
The asset manager held a final close for Mid-Market Debt Fund IV and Senior Loan Fund II

Direct lenders ‘cruise,’ but watch for tariff impact
Private credit managers, investors of all types and service providers gathered in Nashville for DealCatalyst’s annual private credit conference

Direct lending competition ramps up, even in middle market and small cap
Proprietary deal flow is increasingly rare, Barings President Matthew Freund said on a panel during DealCatalyst’s conference in Nashville

Clearlake set to seal private credit loan to replace risky Dun & Bradstreet financing
EXCLUSIVE: Ares leads USD 5bn unitranche loan with JPMorgan among expected lenders that will replace original 364-day financing

Uncertainty challenges credit underwriting but deal making continues
Panelists at the annual Milken Institute Global Conference this week said the environment is more favorable than many initially expected post 2 April

KKR, Capital Group expand partnership with plans for public-private market product
The private market specialist is joining forces with a traditional asset manager to better reach individual investors

Private credit funds, partner banks present risks as global growth slows—IMF
Private credit funds and their partner banks can face losses as a slowing economy will challenge borrowers’ ability to repay loans

JPMorgan enters private credit big leagues with USD 4bn Boeing unit financing
EXCLUSIVE: The bank takes down the third-largest piece of the giant unitranche, lending shoulder-to-shoulder with direct-lending giants

Cliffwater aims for more than USD 10bn in private credit co-investments
EXCLUSIVE: The firm, which now oversees nearly USD 28bn in its private credit interval fund, says it's found "an abundance" of co-investment opportunities

M&G expands direct lending origination team with new hire in the Netherlands
M&G Investments is expanding its direct lending team with the appointment of Gijs Boumans in a newly created role, based in Amsterdam

26North hires direct lending MD from H.I.G. Capital
The new managing director previously spent more than 3 years working for H.I.G. Capital

Squire Patton Boggs hires global head of private credit and direct lending
The newly created position is being filled by a former partner at Polsinelli

TPG, Temasek take minority stake in private credit interval fund pioneer Cliffwater
Cliffwater has nearly USD 28bn in its flagship private credit interval fund, the largest in the US

Private credit spreads widen, talks pivot to dividend deals
ANALYSIS: Private corporate credit lenders are starting to push for higher spreds amid volatility in the leveraged loan market, and talks switch to dividend deals from buyout financing

Crescent raises EUR 3bn for European direct lending
The company surpassed its original EUR 2bn fundraising target

Bain to manage Lincoln Financial assets, takes minority stake
Bain Capital plans to take a 9.9% stake in the life insurance and retirement plan firm and will manage more than USD 20bn for the firm’s general account over six years

Best time for private credit is during market volatility and dislocation – Arcmont’s Mattis Poetter
PODCAST: Over the past five years, private credit has grabbed market share during periods of dislocation, says Mattis Poetter, CIO of Arcmont 

Bank-asset manager partnerships reach European shores
EXCLUSIVE: the recent announcement from Arini and Lazard shows how new entrants into the direct lending market might copy the US model of leaning on bank partners