Private credit adds 2% additional yield for North American insurers
S&P Global predicts growth in insurance allocations towards private credit as the asset class delivers extra yield

Värde appoints head of ABF, hires ex-KKR MD
The appointments come as the firm looks to expand in the asset-based finance sub-sector of private credit

There’s tremendous fragility in the system – PGIM’s co-CIO Greg Peters
PODCAST: “Underneath is a lot of volatility. Companies are struggling. You’re seeing really wide dispersion,” says Greg Peters, co-chief investment officer at PGIM Fixed Income, on the latest episode of Credit Exchange with Lisa Lee

Runway to acquire healthcare-focused specialty finance company
The acquisition is part of the firm’s push to grow its platform through organic and inorganic means

HarbourVest taps leaders for new credit secondaries team
The announcement comes after the firm launched its first dedicated credit secondaries fund

Golub starts GP-led secondaries strategy
The private credit shop’s new strategy is meant to complement its existing equity co-investment business

Ex-Muzinich co-head of US private debt joins Colbeck
The new hire adds to Colbeck Capital Management’s capabilities across the US middle market

HPS partners with Vistina on investment grade ABF
The new collaboration will give HPS parent company BlackRock greater access to the growing ABF market for its investors

Eagle Point and Apple Bank strike equipment finance JV
The new platform will offer bespoke financing options to companies with limited access to traditional bank lending programs

Most private credit managers now offer semi-liquid vehicle options—Dechert
The number of private credit products that offer periodic redemptions have increased as more investors, both institutional and retail, demand more liquidity

Workout teams are absolutely critical in private credit – Antares’ Tim Lyne
PODCAST: “It’s a huge differentiator” to have dedicated and experienced personnel to deal with struggling borrowers, says Tim Lyne, CEO of private credit specialist Antares Capital, in the latest Credit Exchange podcast with Lisa Lee

First Brands' distorted balance sheets serve as warning to private credit lenders – Market React
Company secured fresh debt despite missing payments to Onset Financial; Special committee investigates double invoice pledging

Third Point adds three MDs from Apogem
The new private credit team members will help source middle market direct lending deals

South Carolina, Virginia among pensions revealing recent credit-focused investments
South Carolina Retirement System Investment Commission allocates over USD 900m to four managers; Virginia, Los Angeles pensions also disclose recent private credit investments, while East Bay Municipal Utility District and City of Jacksonville pensions seek to expand private credit exposure

Aviva’s new pension strategy to allocate 20%-25% to private markets
My Future Vision has partnered with Neuberger, KKR, Apollo and others to deliver private markets access to pension savers 

Smaller issuers default at more than twice the rate of their mid-sized peers – Fitch
Issuers with EBITDA below USD 25m saw a 9.3% default rate in the 12 months to the end of 2Q25

Apollo launches sports lending strategy with new hires
The sports and live entertainment-focused strategy will invest in private credit and hybrid capital solutions opportunities

HSBC AM launches evergreen fund targeting trade, working capital assets
The new private credit strategy will invest in assets such as receivables and payables finance, trade loans and other instruments around the world

OHA closes in on USD 6bn for large cap senior direct lending fund
The open-ended fund is targeting sponsor-backed corporate borrowers with an EBTIDA greater than USD 75m, the firm previously told institutional investors

Former Claren Road execs launch new private credit business
EXCLUSIVE: The new firm, Claren Road Private Credit Solutions, has already started managing assets for SMA clients

A Texas pension discloses investment in CLO equity fund
Texas Municipal Retirement System commits USD 775m in Q2 2025, including investment in OHA's CLO equity fund

Insurer CNO takes minority stake in Janus Henderson’s Victory Park
CNO Financial Group also agreed to commit a minimum of USD 600m to new and existing investment strategies by the private asset-backed credit firm

CFO issuance hitting new record and running hot — KBRA
Total issuance of collateralized fund obligations have already reached USD 15.7bn this year, a new record, and is expected to hit USD 20bn by year end

Simplify Asset Management launches private credit ETF
The new exchange traded fund will track the universe of business development funds and listed funds that invest in private credit as captured by the VettaFi Private Credit Index

CFA warns of conflicts of interest in continuation funds
The growing popularity of continuation funds has raised questions around manager processes, the CFA Institute said