Pathlight secures USD 1.9bn for asset-based lending
The firm held a final close for its fourth fund and raised capital via its parallel evergreen fund

Private credit to fuel growth of hyperscalers – BofA
BofA Global Research rejects ‘dotcom bubble’ concerns and predicts private capital will help today’s hyperscalers keep growing

US senator slams regulators’ hands-off approach to bank, private credit oversight
In a new letter, Senator Elizabeth Warren accused Scott Bessent, US Secretary of the Treasury and Chair of the Financial Stability Oversight Council, of sabotaging the FSOC’s authorities and pushing deregulation

OHA raises USD 17.7bn for large-cap, senior direct lending
The firm held a final close for its OHA Senior Private Lending Fund (OLEND), which raised USD 8bn in equity commitments

CAPZA raises EUR 1bn for senior direct lending strategy
The latest fund is already 60% deployed, and CAPZA is planning to launch the next vintage in the series in 2026

Individuals account for nearly a quarter of private credit investor base – Alternative Credit Council
The global private credit market grew to around USD 3.5tn in assets at the end of 2024, according to a new report from the Alternative Credit Council and Houlihan Lokey 

Alternative assets come for investors across the wealth spectrum – CAIS, Mercer survey
Meanwhile, private equity replaced private debt as the most popular asset class among surveyed financial advisors

TD Asset Management steps into private credit, launching new fund
The Canadian asset manager has added origination staff and is collaborating with investment banking division TD Securities Inc for direct lending origination

TPG Credit raises USD 6.2bn for all-weather, special sits strategy
The latest fund exceeded the USD 4.5bn target by nearly 40%, the company said

Allianz GI raises EUR 1.2bn to fund private debt secondaries
The sophomore fund held a first close and will pursue private debt secondaries deals globally

Oklahoma system allocates USD 1.3bn as others set 2026 targets
OTRS commits USD 1.3bn to Blackstone, KKR private credit funds, while Los Angeles, New Hampshire, San Antonio pensions disclose recent moves

Eldridge, Arctos tapped to manage sports and media fund for affluent investors
Registered investment advisor CAIS Advisors has selected the two managers for a new private markets fund that will become available to investors in January

Bain special situations, SMBC launch European lending joint venture
The two will provide up to EUR 1.5bn in senior secured debt to borrowers across the UK and Europe in a flexible strategy

Opacity and falling returns create pessimism around private credit – Morningstar
EXCLUSIVE: Morningstar’s Dan Kemp warns of too much money chasing too few opportunities, and urges investor caution in private credit

AI capex set to expand at unprecedented speed and scale – BlackRock
The 2026 outlook from the BlackRock Investment Institute notes that capital spending ambitions tied to the buildout of the artificial intelligence boom are so large that the micro is becoming macro

Muzinich names new co-head of US private debt in flurry of senior hires
Jens Ernberg has joined Muzinich from Camberline Capital Management, along with Matthew Bandini and Rocco DelGuercio

17Capital plans close of second credit fund in early 2026
EXCLUSIVE: The fund's AUM is expected to substantially exceed the first fund's EUR 2.6bn AUM

Leverage constraints, dividend potential was a driver in Blue Owl’s failed BDC merger
EXCLUSIVE: Investors in the nontraded BDC may have taken a hit to the share price as part of the original merger plan, but merging with the more leveraged listed BDC would have improved dividend yield

Florida, New Mexico systems commit hundreds of millions to direct lending
Florida commits USD 1bn to European direct lending; New Mexico allocates USD 450m at November meeting; Illinois, San Diego pensions also disclose recent commitments

Carlyle AlpInvest backs Investec’s debut European senior direct lending fund
AlpInvest led a secondaries transaction that helped launch the EUR 400m fund

Blue Owl’s blunder and risk of retail investment dominate discussions at SuperReturn Private Credit
Blue Owl abandons OBDC and OBDC II merger plan due to market conditions; Retail investors pose risk to private credit, with potential for forced selling in downturn

Private credit downgrades persist despite revenue, EBITDA improvement – S&P
Private credit downgrades were driven by pockets of weaker borrowers, but the upper end of the market shows strong fundamentals, the ratings agency said in its latest report

Wafra backs European private credit manager with minority stake
The Kuwait-linked alternative asset manager made the investment in Ardian via its strategic partnership program

Blue Owl BDC M&A termination highlights the cost of market timing
ANALYSIS: BDC mergers are a common tactic to provide immediate liquidity to investors in less liquid private credit funds, but Blue Owl’s attempt came after a tumble in listed BDC share prices

Blue Owl calls off BDC merger
The firm previously planned to merge its listed BDC, OBDC, with the nontraded BDC, Blue Owl Capital Corporation II