Private credit managers consider smaller fund targets
ANALYSIS: Some private credit managers are considering a smaller fundraise, bucking the convention of always aiming for bigger funds 

Cost of direct private credit highlighted as giant AIMCO shutters New York office

Regulators scrutinise fund loans

Lord Abbett looks to increase liquidity for private credit fund for individual investors
The asset manager is asking the SEC permission to offer monthly redemption opportunities to investors from the current quarterly schedule

Partners Group seeks to more than double private credit AUM
The alternative investment firm plans to grow private credit AUM to more than USD 70bn and could consider acquisitions

Banner Ridge targets USD 3.2bn for private credit secondaries
The firm will use the latest secondaries fund to buy stakes in private credit funds focused on special situations, distressed debt and opportunistic credit

Capitala Group raises USD 1bn for flexible debt, equity financing
The oversubscribed fund focuses on lending to lower middle market companies in the US

CalPERS reveals USD 3.9bn in private credit commitments
Public Pensions, Private Pursuits: CalPERS discloses 3Q24 private credit commitments, invests USD 16.9bn in 2024, and Connecticut, Oregon, Indiana, Texas, Jacksonville make investments   

Blue Owl plans debut asset-backed fund for wealthy individuals
The direct lending firm filed for what would be its first interval fund with the SEC

L Catterton raises USD 450m in first close for debut direct lending fund
EXCLUSIVE: The direct lending arm of L Catterton launched the fund in 2024 and is targeting USD 1bn in commitments.

IG private credit market could swell to USD 23trn: Carlyle’s Mark Jenkins
Podcast: "Credit Exchange with Lisa Lee" interviews Carlyle's global head of credit Mark Jenkins on investing in the era of uncertainty and shifting secular trends

Blackstone receives SEC approval for private credit interval fund
The new fund will invest across private corporate credit, asset-based credit, real estate debt, structured credit and liquid credit

BC Partners Credit strikes USD 500m partnership with KingsRock
The agreement will see BC Partners Credit invest alongside credit and special opportunities deals structured by boutique investment bank KingsRock

Goldman's private credit venture with Saudia Arabia's PIF shows Middle East growth
ANALYSIS: The last few years has seen private credit managers court large Middle Eastern LPs or seek to start investing in the region

Ares alum launches opportunistic credit firm backed by Millennium
The new firm will focus on opportunistic credit across public and private markets.

Blackstone partners with ITE to push into IG private credit
Blackstone Credit & Insurance has been focused on building its private origination pipeline for IG private credit

400 Capital raises USD 1.39bn for oversubscribed asset-based credit strategy
The asset-based credit specialist held a final close for Asset Based Term Fund IV, which surpassed its USD 1bn target

Northleaf raises over USD 1bn for flexible lending strategy
The USD 1bn includes the final close of its fund, Northleaf Private Credit III

State Street, Apollo to rename private credit ETF, responding to SEC concerns
The US regulatory agency said the previous name, SPDR SSGA Apollo IG Public & Private Credit ETF, may be misleading to investors

Welcome to Miami, good luck getting on the deal
JPM leveraged finance conference attracts over 3000 to South Beach where participants expect LME activity to remain high and saw increased private credit presence
 

State Street, Apollo’s private credit ETF launched before addressing all regulatory concerns - SEC
The SEC published an open letter implying that the industry’s first private credit ETF launched this week without getting proper approval.

State Street and Apollo win the private credit ETF race
The industry’s first private credit ETF will invest in investment grade private credit and investment grade public fixed income

Blackstone plays ‘banker with a balance sheet’ to find lending deals
Blackstone’s BDC retreated to deploying in the upper middle market as the broadly syndicated market reclaimed large cap deals  

JPMorgan strikes private credit partnership with Octagon
EXCLUSIVE: JPMorgan and Octagon's private credit tie-up comes as both expand into the private credit space

JPMorgan, co-lenders commit USD 65bn to direct lending
USD 50bn from the bank’s own balance sheet to support private credit deals