Pemberton co-founder says M&A will drive European growth over the next decade
PODCAST: Symon Drake-Brockman, co-founder and managing partner at Pemberton Asset Management, tells Lisa Lee on the latest epiosde of Credit Exchange that the speed of the corporate market can contribute to creating highly competitive businesses which look more like the US

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

CVC hires TPG's Sisitsky as future co-CEO as Rob Lucas plans to step back
CVC’s CEO Rob Lucas will step back from his role, to be replaced with former TPG president Todd Sisitsky and current CVC President Peter Rutland as co-CEOs, according to a company announcement

Oak Hill Advisors’ CIO says private credit shops could end up owning more companies than in the past
PODCAST: The impacts of ongoing AI dislocation and over-levered deals mean private credit managers could end up owning more companies than they have traditionally done, predicts Alan Schrager on the latest episode of Credit Exchange with Lisa Lee

Bridgepoint closes EUR 1.2bn private credit secondaries deal
Secondaries specialist Pantheon backed the transaction, which involved using a continuation vehicle to buy up assets in Bridgepoint Credit’s 2017 vintage direct lending assets

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

Blackstone aims to price first hybrid CLO in October
EXCLUSIVE: Blackstone is planning to price its first private credit-BSL hybrid CLO in October as an all-euro-denominated deal, according to a source familiar

AI, hybrids and staffing anxieties dominate at Dublin’s Opal conference
EXCLUSIVE: At the first Opal-hosted CLO and Private Credit Forum in Dublin, managers and investors were laser-focused on a handful of key issues

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

Sona hybrid deal opens up European PC CLO market to smaller players – KBRA
EXCLUSIVE: Sona’s market-first BSL/PC CLO could lead to smaller managers entering Europe’s fledgling private credit CLO market, says KBRA’s Gabriele Gramazio

Banks, managers add staff for private credit syndication
Banks see private credit syndication as a way to reclaim fees as more borrowers tap both private credit and broadly syndicated loan markets, Mission Staffing managing director Eric Vaheb told Creditflux

Sona prices market-first hybrid European CLO
Sona has broken new ground in the European CLO market by becoming the first manager to price a hybrid BSL-private credit CLO, with Goldman Sachs serving as the arranger for the EUR 403.9m Sona Aclai CLO I

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

Private credit trading has reasons to grow despite slow take off in Europe
Banks try to establish a secondary market for private credit; large unitranche deals drive private credit trading growth, while semi-liquid funds require asset trading to manage portfolios and meet redemptions

Foreign currency movements erase credit net returns at CPP Investments
Net returns across private and public credit fell to 3.7% in fiscal 2026 from 14.4% in 2025, the Canadian institutional investor reported

‘Private credit is in a Darwinian moment and returns are lower’
Private credit is having a “Darwinian moment”, says Golub Capital co-CEO David Golub, with the private credit veteran predicting the once-hot alternative asset class is about to experience a temporary period of lower returns and lower capital inflows, leading to fewer — but larger — firms

The character of your sourcing determines your portfolio’s destiny
Private credit should rediscover its middle market roots, writes Randy Schwimmer

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

Coller’s head of credit says volatility benefits secondaries market growth
PODCAST: Volatility is "a very good thing" for private credit secondaries, says Michael Schad, head of credit at Coller Capital, on the latest episode of Credit Exchange with Lisa Lee

Investor demand strongest for European PC CLOs – Golub
EXCLUSIVE: Investor demand is stronger for European private credit CLOs than any other segment of the CLO market, according to Golub Capital’s Landis Wood

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

Barings resets first European private credit CLO as reinvesting deal
The manager's inaugural 2024 static issue was reworked on a 1.5Y/4.5Y timetable, and now includes a sterling-denominated triple A tranche, with the dual-currency format establishing itself as the standard for this type of deal

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