Ares raises USD 8.5bn for alternative credit in under six months
Pathfinder III, which held a final close, was oversubscribed and will focus on asset-based finance investments

StepStone leverages advisory biz to drive private credit co-investments for interval fund
In a competitive co-investment landscape, StepStone has been able to source deals for its asset management business by taking advantage of GP relationships it has on the advisory side of its business

Trading private credit: a market evolution or a risky mutation?
It is a process years in the making, but little by little private credit is developing a secondary market in which loan assets can be traded between investors

Private credit comes under scrutiny from US regulators
Global watchdogs sounded the alarm, then European central bankers weighed in with concerns about systemic risk. Now US lawmakers and regulators are putting private credit under the magnifying glass

Goldman Sachs scopes out private credit opportunity
Opportunities are “everywhere” in private credit, as the dust starts to settle around the software sell-off, according to Goldman Sachs’ co-head of private credit James Reynolds

CalPERS expands Goldman Sachs credit commitments, South Carolina picks Barings fund
CalPERS commits another USD 750m to West Street credit vehicles; South Carolina RSIC allocates USD 250m to a Barings fund

Investcorp launches AI investment framework for private markets
The asset manager has rolled out targeted argentic AI use cases across its portfolio, such as autonomous research, origination and reporting tools, and more

Blackstone's Marshall coins new ‘era of dispersion’ for private credit – Debtwire Private Credit Forum
Lenders defends private credit vehicle structures; executives see stable credit performance despite negative headlines

Hamilton Lane sold USD 330m private credit portfolio to Abry, Coller
EXCLUSIVE: Abry Private Debt partnered with Coller Capital to acquire the senior direct lending portfolio from Hamilton Lane’s evergreen fund

BDC portfolio stress may be overstated – Moody’s
BDC portfolios may be exhibiting less stress than recent headlines might suggest, as a Moody’s analysis finds that many discounted positions do not represent significant valuation deterioration

HSBC AM completes USD 2bn final close for second UK direct lending vintage
The strategy invests in senior secured loans to private equity-backed companies in under-served low-to-core middle market segments

North Carolina, Wyoming among systems pursuing alternative credit strategies
North Carolina commits USD 500m, plans another USD 2.8bn; Wyoming, Texas, Illinois target ABL, tactical, opportunistic strategies

Blackstone caps redemptions on BCRED as exit requests increase to 10%
Rather than pulling levers to fulfill all exit requests as it did last quarter, the semi-liquid BDC will cap exits at the original term of 5% of shares outstanding

Private credit valuation volatility trouble media more than investors – Debtwire Private Credit Forum New York 2026
Panellists and attendees at this year’s Debtwire Private Credit Forum complained that pushing for more transparency is not the same as seeking more frequent marks for direct lending assets

Crescent raises USD 10.8bn for direct lending, targeting lower mid-market
The firm’s fourth US direct lending fund was oversubscribed and exceeded its target by more than USD 2.5bn

Eurazeo closes its largest ever direct lending fund with EUR 3.9bn raised
Eurazeo Private Debt VII raised EUR 3.9bn at closing, exceeding its EUR 3bn target

PGIM launches new private credit UCI for European and Asian wealth investors
The Luxembourg-domiciled vehicle invests in senior secured loans to middle market companies in North America, Europe and Australia, targeting companies with EBITDA between USD 10m and USD 75m

Barings co-head of global investments says investors can expect to see more trading of private credit loans
PODCAST: Speaking on the latest episode of the Credit Exchange podcast with Lisa Lee, David Mihalick says it is natural to expect an increase in activity as people increase their portfolio allocations to private markets

First Eagle taps AlbaCore alum for alternative credit product sales
Edward Berry joins as a managing director in London and will help distribute the firm’s alternative credit products, including those under the Napier Park brand

Older, US direct lending funds hold more equity positions, adding risk – MSCI
EXCLUSIVE: Around 15% of the total assets across US senior direct lending funds tracked by MSCI are equity positions of some kind, MSCI head of private credit research Patrick Warren told Creditflux

Oaktree partners with Pantheon to launch standalone European direct lending strategy
The partnership will have the capacity to grow to EUR 1bn of investable capital and is being seeded by an existing portfolio of European direct lending assets

Ares’ semi-liquid BDC boosts borrowing capacity
Ares Strategic Income Fund, a semi-liquid private credit fund designed for individual investors, increased the amount of liquidity available on hand after an uptick in investor exit requests

Capital Group and KKR expand public-private investment strategy to Europe and Asia-Pacific
The Global Multi-Sector+ fund aims to provide current income by investing across multiple sectors in both publicly-traded fixed income securities and private credit securities

New Mexico, Los Angeles systems make tactical credit allocations
New Mexico re-ups USD 550m for Silver Rock's tactical allocation strategy; Los Angeles pension commits USD 80m to Hayfin's European credit fund

ECB warns of private credit cross-border risks, opacity
Private credit in isolation poses limited risks to financial stability, but the European Central Bank says it is still concerned about spillover