Private credit has won the buyout financing game – Churchill’s Randy Schwimmer
PODCAST: “Long-term, I think the game is over from a buyout perspective. I think private capital has won that game,” says Randy Schwimmer, vice-chairman and chief investment strategist at Churchill Asset Management, on the latest episode of Credit Exchange with Lisa Lee

Alts firms turn to sports sponsorship to get their names out in the stands
Carlyle strikes partnership with F1 team Oracle Red Bull, following Blue Owl tennis tie-up and Apollo golf sponsorship; the efforts come amid a broader push into private wealth channels

Carlyle nabs head of direct lending origination from Golub
EXCLUSIVE: The firm also hired a second managing director focused on originations as it re-staffs its direct lending franchise

Evolving M&A is transforming the capital formation landscape – KKR
'Critical' link between M&A and credit is set to fuel growth in private markets

Hayfin hires head of capital markets
The new managing director joins as the firm seeks to pursue larger private credit deals

The health of the consumer is a canary in the coal mine – Arena’s Dan Zwirn
The CEO, CIO and co-founder of Arena Investors discusses stress in consumer spending, and prospective responses from policymakers, on the latest episode of Credit Exchange with Lisa Lee

Play quality as stress builds in corporate credit – Oak Hill Advisors’ Alan Schrager
Corporate credit stress is beginning to show, creating more opportunities for credit managers to show some differentiation after years of relatively smooth sailing, says Alan Schrager, senior partner at Oak Hill Advisors, in the latest episode of Credit Exchange with Lisa Lee

European Investment Fund backs Kartesia’s asset finance fund
The EIF has invested EUR 50m in the Flexam Invest-managed Kartesia Asset Finance III fund, bringing the fund’s commitment to almost EUR 200m.

AlbaCore hires four to launch infra debt strategy
The European credit specialist jumps into the infrastructure space for the first time, tapping the former head of infrastructure debt at UBS Asset Management to lead the effort

Park Square raises EUR 4bn for junior debt strategy 
The firm’s latest fund, Park Square Capital Partners V, surpassed its initial target and is significantly larger than the EUR 2.2bn predecessor fund

Corinthia Global Management hires Ares alum in New York
The global private credit manager has hired former Ares partner Craig Shirey to serve as a managing director

Pemberton raises USD 1.7bn for NAV lending to private equity firms
The London-based private credit shop has met its fundraising target for its debut NAV Financing Core Fund I

ADIA invests in Oak Hill Advisors for European special situation strategy
EXCLUSIVE: Abu Dhabi’s biggest sovereign wealth fund makes “significant investment” that will provide Oak Hill Advisors flexibility financing to corporates and real assets in Europe

Alaska, Pennsylvania among pensions disclosing recent private credit investments
Alaska retirement system reveals over USD 400m in private credit investments and Pennsylvania and Texas pensions make new commitments to European private credit funds, while Maine PERS commits to another new TPG Twin Brook fund

Hunter Point, Temasek take minority stake in Nuveen Private Capital
US-focused private credit manager Churchill and European direct lender Arcmont, which comprise Nuveen Private Capital, plan to launch new investment strategies.  

US venture debt manager eyes European opportunities
EXCLUSIVE: Runway Growth Capital mulls European office as the continental venture debt market heats up

Park Square and Nomura plan private credit partnership
EXCLUSIVE: The two parties are negotiating a partnership in which Nomura’s US investment banking unit would help Park Square source unitranche deals in the US

Park Square launches dedicated US private credit strategy
EXCLUSIVE: The London-based private credit manager is aiming to raise USD 500m to USD 750m for the debut fund

ICG raises EUR 6bn for European hybrid private debt fund
EXCLUSIVE: The private credit manager expects the fundraising figure for the flexible, corporate private debt strategy to hit EUR 7bn this autumn.

Hayfin hires MD to expand private credit in Nordic region
EXCLUSIVE: Marco Ferrari joins the private credit team and will be based out of the firm’s Stockholm office

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

PGIM closes sophomore senior debt fund with USD 4.2bn
The commingled, private fund will be used to lend to middle-market companies across North America, Europe and Australia

Morgan Stanley loses head of direct lending and co-head of North America private credit
EXCLUSIVE: the head of direct lending had also served as co-head of North America Private Credit at Morgan Stanley Investment Management; bank assigns new head