Private credit managers consider smaller fund targets
ANALYSIS: Some private credit managers are considering a smaller fundraise, bucking the convention of always aiming for bigger funds 

Investing in Europe has changed dramatically in past weeks – Apollo’s Tristram Leach
PODCAST: We're on the cusp of profound change in Europe, observes Apollo's co-head of European credit, in the latest edition of the 'Credit Exchange' podcast  

Ares raises biggest ever European private credit fund

Cost of direct private credit highlighted as giant AIMCO shutters New York office

ELTIF 2.0 funds take off with 80 launches in just over a year

Regulators scrutinise fund loans

Lord Abbett looks to increase liquidity for private credit fund for individual investors
The asset manager is asking the SEC permission to offer monthly redemption opportunities to investors from the current quarterly schedule

Partners Group seeks to more than double private credit AUM
The alternative investment firm plans to grow private credit AUM to more than USD 70bn and could consider acquisitions

Banner Ridge targets USD 3.2bn for private credit secondaries
The firm will use the latest secondaries fund to buy stakes in private credit funds focused on special situations, distressed debt and opportunistic credit

Capitala Group raises USD 1bn for flexible debt, equity financing
The oversubscribed fund focuses on lending to lower middle market companies in the US

CalPERS reveals USD 3.9bn in private credit commitments
Public Pensions, Private Pursuits: CalPERS discloses 3Q24 private credit commitments, invests USD 16.9bn in 2024, and Connecticut, Oregon, Indiana, Texas, Jacksonville make investments   

Blue Owl plans debut asset-backed fund for wealthy individuals
The direct lending firm filed for what would be its first interval fund with the SEC

L Catterton raises USD 450m in first close for debut direct lending fund
EXCLUSIVE: The direct lending arm of L Catterton launched the fund in 2024 and is targeting USD 1bn in commitments.

IG private credit market could swell to USD 23trn: Carlyle’s Mark Jenkins
Podcast: "Credit Exchange with Lisa Lee" interviews Carlyle's global head of credit Mark Jenkins on investing in the era of uncertainty and shifting secular trends

Blackstone receives SEC approval for private credit interval fund
The new fund will invest across private corporate credit, asset-based credit, real estate debt, structured credit and liquid credit

M&G plans private credit fund for UK defined contribution plans
UK regulator, the Financial Conduct Authority, recently approved the private credit feeder fund  

Indonesian sovereign wealth fund and Ares collaborate to provide financing in nation
Ares plans to use its Asia Credit Funds to invest up to USD 500m annually in hybrid capital and securitization deals

BC Partners Credit strikes USD 500m partnership with KingsRock
The agreement will see BC Partners Credit invest alongside credit and special opportunities deals structured by boutique investment bank KingsRock

Goldman's private credit venture with Saudia Arabia's PIF shows Middle East growth
ANALYSIS: The last few years has seen private credit managers court large Middle Eastern LPs or seek to start investing in the region

Ares alum launches opportunistic credit firm backed by Millennium
The new firm will focus on opportunistic credit across public and private markets.

Private credit managers need valuation process around market events - UK regulator
The FCA released a private markets review recommending firms identify and manage potential issues around valuations, especially those conducted as a result of asset-level or market events.

Blackstone partners with ITE to push into IG private credit
Blackstone Credit & Insurance has been focused on building its private origination pipeline for IG private credit

400 Capital raises USD 1.39bn for oversubscribed asset-based credit strategy
The asset-based credit specialist held a final close for Asset Based Term Fund IV, which surpassed its USD 1bn target

Northleaf raises over USD 1bn for flexible lending strategy
The USD 1bn includes the final close of its fund, Northleaf Private Credit III

Morgan Stanley launches European direct lending fund open to Europe's wealthy
The investment management arm of Morgan Stanley hopes to leverage its US wealth experience to distribute the new product to European clients