Mizuho taps head of sponsor coverage and levfin for EMEA
The bank named Waqaas Lone to the role and also appointed a deputy head of sponsor coverage and leveraged finance for the region

SocGen targets third-party capital for new private credit vehicle
EXCLUSIVE from DW: Substantial commitment to seed fund, attract external investors; Laurent Petit heads private debt team after rejoining from Amundi in 2023
 

First Brands' distorted balance sheets serve as warning to private credit lenders – Market React
Company secured fresh debt despite missing payments to Onset Financial; Special committee investigates double invoice pledging

CVC closes latest European direct lending fund with EUR 10.4bn
The firm’s fourth fund, EUDL IV, has already committed to more than 30 investments

Deutsche Bank’s Florian Jacob named head of private corporate credit at DWS
Jacob’s appointment will build on the existing DWS and Deutsche Bank private credit partnership

Aviva’s new pension strategy to allocate 20%-25% to private markets
My Future Vision has partnered with Neuberger, KKR, Apollo and others to deliver private markets access to pension savers 

Apollo launches sports lending strategy with new hires
The sports and live entertainment-focused strategy will invest in private credit and hybrid capital solutions opportunities

HSBC AM launches evergreen fund targeting trade, working capital assets
The new private credit strategy will invest in assets such as receivables and payables finance, trade loans and other instruments around the world

Deutsche Bank, DWS and Partners Group to launch alts fund for wealthy European investors
The new private markets fund will be available in the third quarter and distributed to the bank’s qualified private clients

Apollo to launch three evergreen funds in Europe to tap individual investors
Apollo has secured regulatory approval in Luxembourg for three semi-liquid evergreen private markets funds including two credit ones

Clearstream deal broadens access to BlackRock’s private market evergreen funds
New agreement will expand wealth manager access to BlackRock’s private market solutions

Crescent hires MDs for significant risk transfer strategy
The private credit manager’s bank capital solutions strategy focuses on credit risk-sharing deals

Hayfin hires two MDs for product and sales
The two managing directors will join the firm’s partner solutions group that focuses on creating new products and reaching new investors

Private credit has won the buyout financing game – Churchill’s Randy Schwimmer
PODCAST: “Long-term, I think the game is over from a buyout perspective. I think private capital has won that game,” says Randy Schwimmer, vice-chairman and chief investment strategist at Churchill Asset Management, on the latest episode of Credit Exchange with Lisa Lee

Alts firms turn to sports sponsorship to get their names out in the stands
Carlyle strikes partnership with F1 team Oracle Red Bull, following Blue Owl tennis tie-up and Apollo golf sponsorship; the efforts come amid a broader push into private wealth channels

Carlyle nabs head of direct lending origination from Golub
EXCLUSIVE: The firm also hired a second managing director focused on originations as it re-staffs its direct lending franchise

Evolving M&A is transforming the capital formation landscape – KKR
'Critical' link between M&A and credit is set to fuel growth in private markets

Hayfin hires head of capital markets
The new managing director joins as the firm seeks to pursue larger private credit deals

The health of the consumer is a canary in the coal mine – Arena’s Dan Zwirn
The CEO, CIO and co-founder of Arena Investors discusses stress in consumer spending, and prospective responses from policymakers, on the latest episode of Credit Exchange with Lisa Lee

Play quality as stress builds in corporate credit – Oak Hill Advisors’ Alan Schrager
Corporate credit stress is beginning to show, creating more opportunities for credit managers to show some differentiation after years of relatively smooth sailing, says Alan Schrager, senior partner at Oak Hill Advisors, in the latest episode of Credit Exchange with Lisa Lee

European Investment Fund backs Kartesia’s asset finance fund
The EIF has invested EUR 50m in the Flexam Invest-managed Kartesia Asset Finance III fund, bringing the fund’s commitment to almost EUR 200m.

AlbaCore hires four to launch infra debt strategy
The European credit specialist jumps into the infrastructure space for the first time, tapping the former head of infrastructure debt at UBS Asset Management to lead the effort

Park Square raises EUR 4bn for junior debt strategy 
The firm’s latest fund, Park Square Capital Partners V, surpassed its initial target and is significantly larger than the EUR 2.2bn predecessor fund

Corinthia Global Management hires Ares alum in New York
The global private credit manager has hired former Ares partner Craig Shirey to serve as a managing director

Pemberton raises USD 1.7bn for NAV lending to private equity firms
The London-based private credit shop has met its fundraising target for its debut NAV Financing Core Fund I