Ares's latest Pathfinder fundraise exceeds cap by USD 1bn as demand shifts to ABF
EXCLUSIVE: The latest USD 8.5bn Pathfinder III fund, which closed in just six months, originally had a hard cap of USD 7.5bn, Ares told Creditflux

BXCI extends asset-backed lending origination with SablePointe platform launch
Blackstone Credit & Insurance has launched a new platform to expand its origination, underwriting and portfolio management capabilities in asset-backed lending

Semi-liquid private credit funds lose USD 1bn in net assets – Morningstar
Capital inflows into semi-liquid private credit funds, such as perpetual nontraded BDCs, are losing momentum while private equity products see a rise in demand

Illinois, Sacramento County among systems targeting asset-backed, real estate debt
Illinois commits USD 250m to direct lending, USD 35m to real estate debt; Sacramento, Louisiana pensions commit to USD 8.5bn Ares Pathfinder III

Direct lenders trade USD 5bn Dun & Bradstreet private credit loan at 95 cents on dollar
EXCLUSIVE: The giant USD 5bn unitranche, which brought together more than 20 direct lenders to back Clearlake’s acquisition of Dun & Bradstreet last year, is now being shown to private credit managers at a discount

BlackRock HPS reports exit requests over 13% for semi-liquid direct lending fund
HLEND, the private credit fund designed for individual investors, will repurchase 5% of shares outstanding to create around USD 620m of liquidity for investors

HSBC AM raises USD 1bn for new NAV financing strategy
The strategy invests in senior secured loans financing European and Asian-based private equity funds’ portfolio growth

Private credit is undergoing “healthy correction”—Third Point
Retail capital is flowing out, and the industry may see business development companies buy each other or liquidate, panelists said during the iConnections Global Alts conference last week

TPG Credit raises USD 5bn for core, upper mid-market direct lending deals
EXCLUSIVE: The alternative credit arm of TPG has launched a new direct lending strategy and raised third-party capital from institutional investors and insurance companies, sources familiar told Creditflux

US levfin community raises USD 4.3m in annual melanoma research fundraiser
The networking evening at the Museum of Modern Art in New York City brought together members of the leveraged finance community across banks, private credit firms, law firms, LPs, private equity shops and more

APG leans into private credit, seeks managers with ESG alignment
The Dutch pension investor giant is increasing its exposure to the asset class and evaluating various private credit sub-strategies to create a diverse portfolio

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