Neuberger Berman raises USD 7.3bn for US direct lending
The firm held a final close for NB Private Debt V, which will be used to invest in senior secured, first-lien and unitranche direct loans

Polus raises EUR 890m for European special situations fund
The latest fund exceeded its original EUR 750m target, a source familiar told Creditflux

CalPERS invests nearly USD 5bn in private credit in 2Q, with Ares, Sixth Street as biggest winners
 Public Pensions, Private Pursuits: California, Connecticut state systems make large private credit moves

Ex-PJT Park Hill MD joins Churchill to help reach EMEA investors
Bynjar Agnarsson will focus on developing US private credit investment products for investors in Europe, the Middle East and Africa

Janus Henderson warns of underperformance in stressed loan market
The asset manager highlighted ‘pockets of fragility’ as the loan markets bifurcate

Barings BDC taps new CEO for the new year
Thomas McDonnell, who has spent two decades at the firm, will step in as CEO for the listed business-development company

BlackRock’s EUR 5tn prediction for European private markets
Private credit, infrastructure and private equity are driving European private market investment to record highs

Dealmaking optimism appears in European credit – CVC
The alternative asset manager increased its European credit exposure during the third quarter after seeing a spread pickup

Nontraded BDC liquidity concerns grow after listed BDC sell-off
The rapid growth in these semi-liquid vehicles has meant many more individual investors in the wealth channel are exposed

Sixth Street Specialty Lending starts CEO transition
The BDC’s current CEO Joshua Easterly will step down from his position at the end of the year but continue his role as co-CIO of the greater Sixth Street platform

New Mexico, Illinois systems lead recent investments in credit strategies
Oak Hill Advisors nears the close of OLEND fundraising, while Sixth Street lands commitments from New Mexico and Michigan, and Pathlight secures investments from Boston and Ventura County

Australian regulator joins chorus voicing private-credit concerns
ASIC has warned of sector failings in Australia’s private-credit market and suggested legal reform

Ex-AIMCo private credit veteran Scudellari reappears at ICG
David Scudellari previously exited the Canadian pension giant amid an organizational shakeup

Ares readies next flagship alternative credit, senior lending funds
The alternative credit manager also recorded its highest fundraising quarter, corralling USD 30bn from investors

Blue Owl completes Dyal IV strip sale, raises USD 2.7bn for GP stakes strategy
EXCLUSIVE: USD 2.5bn strip sale made up bulk of capital raised for GP stakes strategy; Dyal Capital Partners VI is now 35% deployed
 

Ares to acquire systematic credit shop BlueCove
The London-based fixed income manager invests in high-yield, corporate investment grade, convertible bonds and other liquid credit assets

Regulators will see the benefits of private credit – Blackstone
The resilience of private credit will become clear following a review of the sector by UK regulators, says Blackstone’s Daniel Leiter

Private credit’s record dry powder reshaping competition and deployment
Record dry powder levels and weak M&A volumes are intensifying competition across European private credit

Eyre Street Capital targets USD 800m for sustainable private credit
The firm is launching its second “sustainable” private credit fund, which will find complex private credit opportunities that will help businesses build environmental resilience

Apollo partners with Coinbase on private credit, stablecoin strategies
The two firms aim to bring new investment products that focus on private credit and digital assets to the market in 2026

ABF increases the lending toolkit – Apollo co-head of asset-backed finance Bret Leas
PODCAST: Bret Leas, co-head of asset-backed finance at Apollo Global Management, says asset-backed financing has contributed to a significant widening of the financing toolkit, on the latest edition of the Credit Exchange podcast with Lisa Lee

Crestline launches perpetual, private BDC to attract private wealth investors
This is the firm’s first business development company and commingled perpetual vehicle

BDT & MSD launches senior direct lending fund
The new fund comes after the firm hired Goldman Sachs Asset Management’s former global head of private credit earlier this year

New York State Common Retirement Fund commits USD 200m to Oak Hill's CLO fund
The pension fund has committed the funds to OHA CLO Equity Fund III, which will target investments in North America and Europe

Blackstone raises USD 1.6bn for new high-yield ABF strategy
The alternative asset management giant is targeting USD 4bn for its new high yield, private-asset-based finance fund