Credit issuance pipeline continues to build despite temporary pause—KBRA
Issuance will be ready to resume once the market stabilises, according to Gordon Kerr, European macro strategist at KBRA

Lipton raises EUR 50m equity and EUR 160m secured loan from CVC

NAV lending concerns abate, borrowing costs decline – survey
Survey respondents in the Haynes Boones fund financing report said pricing for net-asset-value loans and subscription lines has come down in 2025 compared to 2024 

Guggenheim’s Zable warns on rapid pace of AI disruption
EXCLUSIVE: Most managers are not prepared for the pace of change in the software loan space, Guggenheim CLO chief Rob Zable said at the Creditflux CLO Symposium

CLO community turns out in force for 18th annual Creditflux Symposium and Awards
EXCLUSIVE: Award winners celebrated, while the stars of the CLO industry came out in force to share predictions, tips and deal making opportunities

Cautious optimism prevails at second day of Creditflux CLO Symposium
EXCLUSIVE: Hundreds of delegates gathered at the Chancery Rosewood in London to talk software, shipping, and the shifting dynamics in the global CLO market

Benefit Street Partners CEO says private credit’s doomsday scenario is overblown
PODCAST: The ‘doomsday scenario’ for software loans represents a complete over-exaggeration, says David Manlowe, CEO of Benefit Street Partners, on the latest episode of Credit Exchange with Lisa Lee

Iran War to increase corporate default rates globally — IACPM Survey
Though the credit market is absorbing new leveraged loan issuance amid geopolitical uncertainty, credit managers expect the war to drive a rise in defaults

ICG’s head of US liquid credit says Iran war will cause pain for consumers, housing
PODCAST: Consumer-related aspects of the economy – ranging from housing and travel to apparel and retail – are already “feeling a decent amount of pain”, and the trend is expected to continue, according to ICG's David Saitowitz, speaking on the latest episode of the Credit Exchange podcast with Lisa Lee

UK pension fund taps Crescent for US direct lending mandate
UK pension fund Nest has appointed Crescent Capital to manage a GBP 450m US direct lending mandate

Ares backs Arcmont’s USD 2.5bn private credit continuation vehicle
The vehicle acquires senior direct lending assets from Arcmont’s 2019-vintage fund and marks the largest credit secondaries transaction in Europe, according to Ares

Private credit in the crosshairs: stick to the plan or relax rules?
The private credit industry has faced a test of nerves in recent months as a swarm of investors rushed for the exits only to find their off-ramp blocked. As the pressure builds, credit managers are asking themselves whether they should stick to the advertised redemption rules for their vehicles, or lift the barricade to let skittish investors exit with their money

Tikehau looks to develop Asia direct lending product via JV
The French alternative asset manager has struck a joint venture with Amova Asset Management, formerly known as Nikko Asset Management, to solidify its presence in Asia

Hayfin co-head of direct lending says European private credit better geared to weather uncertainty than US
PODCAST: European private credit is less exposed to software as well as retail withdrawals, making them better positioned than their US counterparts to weather uncertainty, says Marc Chowrimootoo, co-head of direct lending at alternative asset manager Hayfin, on the latest episode of the Credit Exchange podcast with Lisa Lee

Hybrid BSL and private credit CLOs coming to Europe – KBRA
EXCLUSIVE: KBRA is in discussions with managers and arrangers about bringing hybrid BSL/PC CLOs to the European market to improve diversification for investors

European direct lending opportunity grows as US faces headwinds—AlbaCore
EXCLUSIVE: Outflows from select US direct lending vehicles could result in European direct lending spreads, particularly on larger deals, widening even further, Luke Gillam, head of senior direct lending, told Creditflux

Ares unitranche to back Nordic's acquisition of TradingHub defies AI concerns
The deal showcases that private credit shops are still willing to lend to software companies  

Majority of LPs expect to mix public and private credit despite liquidity challenges – BSP survey
Within the next five years, 59% of global institutional investors expect to take an integrated approach to public and private credit investments, new research from Benefit Street Partners shows 

Napier Park’s CIO says firm has stockpiled cash to buy mispriced assets
PODCAST: The alternative asset manager, which oversees USD 40bn in AUM, has been prepping for a repricing of financial assets that predates the Iran war and the software crisis, according to its Chief Investment Officer, Jonathan Dorfman, speaking on the latest episode of Credit Exchange with Lisa Lee

Eurazeo expands evergreen push across Europe as wealth inflows rise 18%
EUR 922m in wealth inflows in 2025, up 18%; Two evergreen launches in 2025, wealth AUM now EUR 5.8bn

Kennedy Lewis, Bank of Ireland strike European LBO financing partnership
The US private credit manager is committing EUR 2bn so the partners can offer tailored financing options to mid-market private equity sponsors that will span bilateral, club, and syndicated loan structures

Direct lenders hit hard as credit market reels from war and AI
Volatility has come back to credit markets. Artificial intelligence’s impact on corporate earnings, a war in Iran that is ensnaring the rest of the Middle East and upticks in inflationary pressures are weighing on managers

Direct lending braces for redrawn landscape
After a stellar 2025, direct lenders are coming under pressure. Large-cap financings are colliding with record tight spreads in public markets, while competition is rising in mid-market lending

Germany plans to invest EUR 108bn on defence in 2026 and EUR 152bn in 2029
Procurement struggles and foreign investment rules mean German defence spending isn’t quite the boon to private credit it might seem

AI will upend operational models in a very short space of time
With online travel firm equities and life insurer CDS already off by a third, the systemic risk of AI is real