BlackRock envisions private credit in retirement accounts
BlackRock seeks to be a pioneer in bringing alternative investments such as private credit to the retirement channel.

Goldman’s head of private credit’s Olafson jumps to BDT & MSD
BDT & MSD Partners has hired Greg Olafson, formerly global head of private credit at Goldman Sachs’ asset management arm

Colbeck closes USD 700m fund for unsponsored direct lending
Colbeck Capital Management has raised USD 700m to invest in senior secured loans to unsponsored, middle market companies

BMO strikes partnership with firm founded by ex-CBAM’s Young and Damaso
BMO and Canal Road Group have struck a direct lending partnership that includes BMO taking a minority stake in the asset management company and investing up to USD 1bn 

Ramirez Asset Management acquires private credit team from Avenue Capital Group
Ramirez Asset Managemen has acquired a private credit opportunities strategy team from Avenue Capital Group

Goldman Sachs launches capital solutions group for banking clients
Goldman Sachs is combining its financing, origination, structuring and risk management solution activities in global banking, and also named Vivek Bantwal as co-head of global private credit

AllianzGI raises EUR 1.5bn for credit secondaries
Allianz Global Investors has held a EUR 1.5bn final close for its global private debt secondaries fund, surpassing its EUR 500m target

Blue Owl raises more than USD 2bn for evergreen direct lending strategy
Blue Owl has raised more than USD 2bn for its sophomore direct lending fund that focuses on senior, first-lien loans

Ares adds alternative credit co-head in promotion
Ares Management has promoted Kevin Alexander to co-head of alternative credit alongside co-heads Keith Ashton and Joel Holsinger

Northwestern Mutual deal points to extended insurer-private credit manager honeymoon
The romance between insurance companies and private credit managers remains strong as Northwestern Mutual and Sixth Street become the latest to strike a partnership 

Sixth Street to invest USD 13bn for Northwestern Mutual
Sixth Street and Northwestern Mutual have struck a deal that gives Sixth Street USD 13bn of the insurer’s assets to invest across its private capital strategies

Private credit manager Czech splits from Voya after two years
Czech Asset Management, a US private credit manager with around USD 5.5bn in assets under management, will separate from parent company Voya Investment Management

Golub acquires minority stake in insurer Nassau
Golub Capital has made a USD 200m minority, non-voting equity investment in Nassau Financial Group, a financial services company with insurance and asset management businesses  

Steven Cohen’s Point 72 taps Blackstone veteran to build private credit strategy
Point72 has hired Blackstone's Todd Hirsch as head of private capital to build a new investment strategy focused on private credit

Akin launches Capital Solutions group, reflecting private credit market shift
Law firm Akin Gump Strauss Hauer & Feld has created a new team combining lawyers across private equity, private credit and tax groups to address deals with both equity and debt characteristics

Ninety One taps Standard Chartered Bank exec to head alternative credit
Ninety One, a global investment manager with almost USD 171bn in assets under management, has appointed Alper Kilic to serve as head of alternative credit

A holiday funds roundup
A recap of end-of-year happenings as the industry kept moving right through the holidays and the new year celebrations

Princely Family of Liechtenstein’s LGT raises USD 2.17bn for latest credit fund
Royal family-owned LGT Capital Partners has successfully fundraised USD 2.17bn for its evergreen credit fund, according to an SEC filing  

Blue Owl delays fundraising launch of opportunistic credit fund
Blue Owl has put fundraising for its upcoming opportunistic credit fund on pause as it evaluates the market opportunity, according to sources familiar with the matter. 

PIMCO sees asset-based private credit opportunities growing as banks await regulatory clarity
PIMCO predicts the growth of asset-based finance because  theTrump presidency unlikely to stop regulation of regional banks   

Canyon Partners promotes co-head of private credit Kivitz to CIO role
Canyon Partners has tapped co-head of private credit Jeff Kivitz to serve as the firm’s next CIO, replacing outgoing Todd Lemkin

GP-led transactions set to fuel private credit secondaries in 2025 as deal sizes increase
Private credit secondaries volume has skyrocketed over the past year, and industry participants believe the momentum will continue into 2025 thanks to an environment ripe for GP-led transactions.

Private credit managers try to get creative in lacklustre fundraising environment
Facing a less-than-ideal fundraising environment, private credit managers are having to pull various levers to secure equity commitments for their latest funds.

UBS forecasts strong private credit returns in 2025, but also downside risks
UBS Global Research has tipped double-digit returns for US investors in its 2025 private credit outlook, but emphasised the risks are skewed to the downside

Connecticut pension fund joins new trend for evergreen fund-of-ones
The Connecticut Retirement Plans and Trust Funds’ investment advisory council has recommended a new private debt fund-of-one with an evergreen investment period to the pension board in the latest example of institutional investors seeking flexible vehicles.