Jefferies Credit Partners reaches European direct lending first close in just six months
EXCLUSIVE: The asset management business accelerated the first close by tapping the bank’s private capital advisory team to run a dual secondaries and primary capital raising process

Allianz GI leads secondaries deal for Jefferies’ European direct lending fund
Jefferies Credit Partners, the asset management division of Jefferies, held a first close for the fund and now has an estimated USD 4bn for the strategy

Audax ties Churchill in 1H26 US direct-lender rankings as deal sizes increase – 1H26 US Direct Lender Rankings
US direct lending volume was broadly stable in the first half of 2026, reaching USD 155.6bn across 1,645 deals, compared with USD 154.2bn across 1,716 transactions in 1H25, according to Debtwire's 1H26 US Direct Lender Rankings report

Direct lending leads M&A funding and sustains new-money volumes through periods of volatility – DebtDynamics EMEA
Direct lending has consolidated its position as the main source of funding for leveraged mergers and acquisitions in Europe, according to Debtwire data

PGIM appoints Robert Scheer as head of DACH direct lending
The newly-created role will see Frankfurt-based Scheer leading PGIM’s sponsor-led direct lending activity with responsibility for originating, structuring, negotiating and underwriting transactions across the DACH region

BlackRock’s listed BDC taps successor as CEO Phil Tseng exits
Tseng’s resignation comes as BlackRock TCP Capital Corp. has seen its share price tumble and battle underperforming credits in its portfolio

Ares co-head of US direct lending says there is real dispersion for the first time in years
PODCAST: Speaking with Lisa Lee on the latest episode of Credit Exchange, Kort Schnabel notes that dispersion among direct lenders is manifesting in a few different ways

North American private credit fundraising tumbles, ceding ground to global strategies—S&P Global
While fundraising boomed for European and multi-region private credit strategies, private credit focused on North America dropped 13% year-over-year

US direct lending deal volume falls off in 2Q, even as lenders become more open to AI risk—Configure
Sponsor-backed direct lending deal volume tumbled to less than half of what was recorded for the first quarter

Secondaries emerge as preferred solution to liquidity and deployment pressures – Private Credit Comment
With a subdued M&A market stymying sponsors’ exit opportunities, and confronted with a more challenging backdrop for fundraising, some direct lenders in Europe are eagerly exploring private credit secondaries as a new avenue that can bolster liquidity for the asset class

BlackRock HPS readies latest opportunistic direct lending fund
The predecessor fund in the series, Specialty Loan Fund VI, had raised more than USD 21bn

Manulife Comvest raises USD 5.4bn for North American direct lending
This fund close comes after Manulife Financial Corporation acquired 75% of Comvest Credit Partners in November

Bridgepoint closes fourth direct lending fund with EUR 5.1bn, topping target
The fund had previously set a fundraising target of EUR 4bn for Bridgepoint Direct Lending IV

PGIM acquires outstanding 25% interest in direct lender Deerpath
The purchase of the remaining one-quarter share follows PGIM’s initial acquisition of a 75% stake in 2023

Private credit drives nearly half of Blackstone inflows in Q2
The alternative asset management giant said institutional investors are continuing to commit capital but also that redemption requests for its semi-liquid direct lending fund BCRED appear to be slowing

Golub adds managing director to European direct lending team
Timothée Delisle previously held positions at firms such as Morgan Stanley, Alcentra, BlackRock, and HSBC

Blackstone, Wellington and Vanguard collaborate on all-in-one private market vehicles for wealth channel
The three asset managers have launched two products that will give individual investors exposure to a mix of private market assets within a single allocation

Private credit secondaries deals more than doubled in 1H—Evercore
The first half of the year saw private credit secondaries volume balloon to USD 20bn, surpassing full-year 2025 volumes, with GP-led deals dominating, a new report from Evercore shows

Private credit and direct lending to grow their share of the loan market—LMA report
A new LMA survey of 234 loan market professionals found that 43% believe private credit and direct lending will grow their share of the EMEA loan market by 2040

Silver Point hires Goldman MD for private credit origination
Michael Cote previously served as a managing director in Goldman Sachs’s leveraged finance business

Hayfin completes one of Europe’s largest private credit fundraises to date with EUR 15bn
Hayfin’s Direct Lending Fund V ranks among the largest ever direct lending fundraises completed in Europe, the company said

Phoenix and Texas Capital partner on direct lending perpetual nontraded BDC
The new Spurstone Credit fund is anchored by institutional investors and will launch in the third quarter

Ares leads USD 1.7bn direct lending deal backing private country club operator LBO
The large-cap direct lending deal comes at a time when both sponsors and direct lenders are showing more caution amid the uncertainty posed by fast artificial intelligence adoption and the Iran conflict

Canadian giant BCI launches IG private credit strategy with CAD 1.8bn
British Columbia Investment Management Corp., an institutional investor with more than CAD 300bn, seeded the new strategy and is creating a dedicated team

Saudi private credit winning bigger tickets, but broad deal boom remains elusive
Saudi borrowers increasingly seeking over USD 50m private credit facilities, while approval processes and structuring constraints still limit repeatable deal flow