Goldman’s Americas direct lending head David Miller to retire
Miller, who has spent 22 years at the firm, will transition to become an advisory director and chairman of Americas direct lending at the end of 2026, according to an internal memo seen by Creditflux

BlackRock’s listed BDC sells USD 523m private credit portfolio to Pantheon
The sale of assets will significantly cut the listed BDC’s exposure to the software sector

BlackRock HPS readies latest opportunistic direct lending fund
The predecessor fund in the series, Specialty Loan Fund VI, had raised more than USD 21bn

Former FS KKR BDC co-president joins NAV, fund finance lender Velocity
Brian Gerson had stepped down from his position as co-president of the listed BDC, FS KKR Capital Corp., in June 2025

Manulife Comvest raises USD 5.4bn for North American direct lending
This fund close comes after Manulife Financial Corporation acquired 75% of Comvest Credit Partners in November

Golub co-CEO sees a Darwinian moment for private capital
PODCAST: The private equity industry is in a Darwinian moment, according to David Golub, co-CEO of direct lending specialist Golub Capital, on the latest episode of Credit Exchange with Lisa Lee

T. Rowe Price launches private market interval fund with Goldman Sachs
The T. Rowe Price Goldman Sachs Private Markets Fund will allow individual investors to access private credit, leveraged loans and other private market opportunities

PGIM acquires outstanding 25% interest in direct lender Deerpath
The purchase of the remaining one-quarter share follows PGIM’s initial acquisition of a 75% stake in 2023

Blackstone’s BCRED co-CEO resigns
Jonathan Bock, co-CEO of Blackstone’s flagship private credit fund BCRED, has resigned from his role, leaving Brad Marshall to manage the fund alone

Golub logs record amount of private credit trading this year
EXCLUSIVE: Golub Capital has logged more than USD 2bn in private credit trading over the first half of 2026, a record for the firm

Private credit drives nearly half of Blackstone inflows in Q2
The alternative asset management giant said institutional investors are continuing to commit capital but also that redemption requests for its semi-liquid direct lending fund BCRED appear to be slowing

Blackstone, Wellington and Vanguard collaborate on all-in-one private market vehicles for wealth channel
The three asset managers have launched two products that will give individual investors exposure to a mix of private market assets within a single allocation

Private credit secondaries deals more than doubled in 1H—Evercore
The first half of the year saw private credit secondaries volume balloon to USD 20bn, surpassing full-year 2025 volumes, with GP-led deals dominating, a new report from Evercore shows

Ardian targets NorthAm growth for HR Path with USD 1bn continuation vehicle
CV led by Eurazeo; raised in only 3 months attracted more than 30 investors

Apollo facilitates trading of rated notes as secondary market emerges
EXCLUSIVE: Rated notes, which have become a popular tool to raise capital for private funds and give investors indirect exposure to risky private market assets, are starting to trade hands

GoldenTree hits USD 2.75bn hard cap for sophomore private credit fund
The firm’s employees and partners committed USD 50m to the fund, the company announced

BlackRock private market inflows led by private credit as spreads widen
Institutional investors want to put more private credit money to work in this environment, the global asset management giant said on its earnings call

IMCO finds private credit sourcing efficiency with co-investments
The Investment Management Corporation of Ontario (IMCO) is investing in private credit via co-investments sourced by asset manager relationships, with the Canadian institutional investor saying this is a more efficient method than building its own deal sourcing team

Banks gear up to offer advisory services for private funds
A recruitment drive is underway on Wall Street as investment banks vie for new business to boost their bottom lines. But the new hires will not be working on M&A deals – instead, their job is to advise private funds investing in assets such as private credit or private equity

Vistina builds out team and opens London base after Moody’s hire
EXCLUSIVE: After hiring Moody’s executive and ratings expert Jeanine Arnold, private credit advisory firm Vistina is expanding its European footprint

CalPERS posts 11% net return for private debt, improves funded status
The California Public Employees Retirement System, one of the largest institutional investors, released preliminary investment results for the 2025-2026 fiscal year

Connecticut, Maine systems plan large commitments to asset-backed lending strategies
CRPTF plans USD 500m commitment to Fortress Lending V; Fresno, San Diego invest in European credit funds

Most BDCs can survive liquidity stress test – Moody’s
Moody’s Ratings has conducted a stress test on the BDC sector which concluded that liquidity remains sound

More GPs encourage employees to co-invest in their own private funds
Private credit managers are helping their employees invest alongside institutional LPs in their own private funds to improve retention and investor alignment

Houlihan hires HarbourVest MD in GP-led secondaries push 
Dan Buffery joins the investment bank to help lead the firm’s North American GP-led secondaries advisory business