Pemberton reorganizes, appoints new private credit leaders
The firm’s chief credit officer is leaving at the end of March, the company said

KKR raises USD 2.5bn for Asia private credit
The sophomore fund focuses on performing credit and will lend to companies across Australia, China, India, Japan, Korea, New Zealand and South Asia

Oaktree collaborates with parent Brookfield on ABF product for US individuals
The new product launched with USD 400m in committed capital and will give wealthy US individual investors access to Oaktree’s asset-backed finance expertise

Amid rising caution, US public funds seek to de-risk private credit portfolios
Defaults, excessive capital raised in private credit drive caution, with senior direct lending and SMAs favoured for de-risking and savings

Sixth Street raises EUR 7bn for European direct lending
FUND LAUNCH: The Sixth Street Specialty Lending Europe III fund held a final close at its hard cap

SocGen creates insurance solutions group, hires MD
EXCLUSIVE: Bradley Schneider most recently served as head of private credit at Cresset

Ares raises USD 7.1bn for private credit secondaries
The firm held a final close for its first dedicated credit secondaries fund, doubling its initial target

TPG to launch upper middle market direct lending business
EXCLUSIVE: The alternative investment firm historically offered lower middle market and middle market direct lending exposure via its TPG Twin Brook platform

Davidson Kempner raises USD 1.1bn for private ABF strategy
The firm also held a final close for its Davidson Kempner Income Fund II, the second vintage fund under this global private asset-backed debt strategy

North American secondaries surge even as exit market recovers
Secondaries volume is estimated to surpass USD 200bn for first time in 2025

Monroe raises USD 6.1bn for senior direct lending
The firm held a final close for its Monroe Capital Private Credit Fund V and raised additional capital from separately managed accounts

TPG, Jackson Financial strike partnership focused on private credit
TPG will take a minority stake in Jackson and start by managing at least USD 12bn of the insurer’s assets

Ares hires CapitaLand exec for Asia special sits credit
The new partner will oversee activities in China, Hong Kong and South Korea

Banner Ridge hits USD 4.2bn hard cap for credit secondaries fund
The oversubscribed fund, Banner Ridge Secondary Fund VI, will acquire stakes in opportunistic credit and special situations funds

Former Permira and ICG execs join Oaktree’s expanding European private debt team
Permira’s ex-CEO James Greenwood has been named senior advisor, while former ICG managing director Kieran Thind is now senior vice president in Oaktree's European private debt team

US public pensions seek ABL, Europe, and fee savings in private credit – Year in Review
Public pensions increasingly seek co-investments, custom accounts; Asset-based lending, specialty finance strategies gain traction from Debtwire Municipals

Expect direct lending performance dispersion in 2026 – Antares
EXCLUSIVE: Managers that maintain underwriting discipline and active portfolio management will be able to differentiate themselves, the firm's co-head of originations Doug Cannaliato told Creditflux

Blackstone-backed ASK Alternates closes first private credit fund in India
ASK Private Credit was oversubscribed with USD 63m raised, following strong demand from India’s wealth market investors

South Carolina, Texas among systems disclosing recent credit allocations
Ares Pathfinder Fund III to launch in 1Q26 with USD 5bn target, while South Carolina system allocates USD 550m to two managers and Illinois and Montana systems commit USD 150m across various funds

US private credit defaults rose to 5.7% in November - Fitch
Fitch recorded 13 default events in November – more than half the monthly average in the year to date

KKR confirms lack of exposure to First Brands, rejects concerns about cracks in private credit
In a new investment insight, KKR’s Daniel Pietrzak said that the failure of First Brands and Tricolor does not indicate cracks in private credit 

Giant deals, fundraising beyond US direct lending dominate 2025
While unpredictable tariff policies introduced volatility into public credit markets, direct lenders stepped up in 2025

Credit funds take aim at clubs and many other sports assets
Sports investing is no longer just a hobby for well-heeled executives. Private credit funds are providing debt and taking minority equity positions in deals a world away from the major US leagues, with examples including English football teams, sailing competitions, sports equipment firms, sports-related media and more

Private credit managers throw open warehouses for cash-strapped PE firms
Private credit managers are breaking new ground by extending warehouse lines to cash-starved private equity firms desperate to win deals

Blue Owl’s unwise BDC merger rekindles liquidity risk worries
A bungled attempt by Blue Owl to merge two of its credit funds highlights the risks wealthy investors in non-listed debt vehicles run in trading off the promise of consistent returns for limited liquidity