Sound Point scores USD 1.1bn first close for asset-based lending fund
The fund, which expects a final close by the end of the year, has already blown past its USD 1bn total target

Oak Hill Advisors raises USD 3.3bn for senior direct lending
The fund has yet to hold a final close but has already exceeded the fund’s initial target

Presidential order opens private credit access to US retirement investors
US President Donald Trump signed an executive order to repeal a regulation that forbids certain US retirement accounts like 401(k)s from adding alternative assets such as private debt

Brookfield raises USD 16bn for credit, plans asset-based finance strategy
The firm is also planning to hold a first close for its infrastructure mezzanine debt fund

CAIS, Solactive launch private credit index
The index can be used by wealth advisors to benchmark the performance of private BDCs

PGIM looks to build private credit secondaries strategy
EXCLUSIVE: The insurer-linked asset manager already has secondaries capabilities through the acquisition of Montana Capital Partners in 2021

Generali Investments backs new asset-based finance strategy
Generali-affiliated Aperture Investors also hired a new global head of asset-based finance

Citi hires head of private credit originations in North America 
The new hire joins from Ares Management and will start in October

OrbiMed raises USD 1.86bn for healthcare, royalty financing
The firm will target growing healthcare companies and provide non-dilutive credit options

Ares diversifies away from institutional, commingled private funds
During the second quarter, 55% of capital came from the institutional channel and just 30% of this was for its traditional funds

Sports investing is a growing field – Crescent’s Mark Attanasio
PODCAST: “There’s nothing more compelling than live sports,” says Mark Attanasio, co-founder of asset manager Crescent Capital Group and principal owner of Major League Baseball team the Milwaukee Brewers, on the latest Credit Exchange podcast with Lisa Lee

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

KKR grows ABF business to USD 75bn, expands origination
The alternative asset manager acquired a majority stake in a biopharma royalties business this week to add to its asset-backed finance business

Thoma Bravo’s private credit head to depart
EXCLUSIVE: The position will be filled after a transition period

Antares partners with Ascot to launch casualty reinsurer sidecar
Antares will be the exclusive private credit manager for the new Wayfare Reinsurance Limited

NYS Common Retirement Fund to invest USD 100m in Pearl Diver's distressed CLO fund
Public Pensions, Private Pursuits: New York State, Ohio pensions reveal recent private credit investments 

Morgan Stanley’s direct lending head joins Thoma Bravo
Creditflux previously reported that Jeff Levin resigned from his position at Morgan Stanley Investment Management

KKR raises USD 6.5bn, doubling the size of prior asset-backed finance fund
The sophomore fund in the series will invest in private credit investments backed by large, diversified pools of financial and hard assets

Moodys, MSCI roll out tool to predict private credit defaults in portfolios
With GPs granting access to private portfolio data, limited partners could also get ‘implied ratings’ for the underlying private loans

Carlyle promotes credit head to co-president amid senior reshuffle
Mark Jenkins joins John Redett and Jeff Nedelman as new co-presidents of Carlyle

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  

HarbourVest launches dedicated private credit secondaries strategy
This builds on the alternative asset manager’s existing secondaries strategy and private credit strategy

Sixth Street to open Singapore office, hires head of APAC
The private credit manager has created the new role to better raise investor capital and expand the firm’s investment capabilities in the region

Blackstone IG private credit reaches USD 115bn off insurer interest
The alternative asset manager is focused on raising capital from this investor segment without becoming an insurer itself.

Private credit managers find “white space” even as capital concentrates among the few – Mercer
Institutional investors commit most of their capital to established private credit firms of scale, but they’re often more willing to take a chance on newcomers in strategies outside of direct lending