European BSL market upped risk to win deals in 2025 – White & Case
The BSL market issued a higher percentage of loans rated below BB against a backdrop of patchy M&A flow

Pantheon backs Eurazeo in EUR 480m private debt secondaries deal
Eurazeo announced it has closed a continuation vehicle, allowing some LPs to liquidate their shares early

Prepare for a swift credit pullback when the bullish run ends – Deutsche Bank
The likely new US Federal Reserve chair may be more hawkish, and the progress made in artificial intelligence could disrupt credits in the software sector, DB analysts warn

Moody’s prepares to enter European private credit CLO rating space
EXCLUSIVE: Moody’s is in discussions about rating private credit CLOs in Europe for the first time, as the market continues to grow

London leveraged finance leaders turn out for melanoma fight
The British Museum played host to the second edition of Leveraged Finance Fights Melanoma (LFFM) London on Wednesday evening, with some 700 attendees from 90 firms across the leveraged finance and private equity helping raise over GBP 1.6m for melanoma research

LBP AM raises EUR 500m for infra debt backing climate change fight
The European alternative investment firm will use the latest debt fund to invest in low-carbon or de-carbonizing infrastructure

Investec raises EUR 600m for oversubscribed private debt fund
Investec Alternative Investment Management held a final close for the sophomore Investec Private Debt Fund II, which focuses on lending in the European lower middle market

We’re looking at a multi-year M&A uptick – Morgan Stanley head of private credit and equity David Miller
PODCAST: Speaking on the latest episode of Credit Exchange with Lisa Lee, Miller highlighted the impact of the large amount of fundraising and deployment that occurred in the 2020-2022 period as significant for his positive outlook

EQT targets secondaries expansion with Coller Capital acquisition
The Swedish private equity firm has acquired credit secondaries specialist Coller Capital in a deal worth USD 3.2b

Private credit investors chase higher risk-return—Campbell Lutyens
A new survey shows investors are seeking higher returning strategies amid expectations of lower rates, while also turning away from the dominant North American market

PGIM rolls out private credit secondaries platform
The asset manager will deploy up to USD 1bn into private credit secondaries over the next two years

CAPZA appoints co-head of private debt
New parent company BNPP AM Alts seeks to accelerate the growth of the mid-market private debt franchise in Europe, the company said

Pemberton reorganizes, appoints new private credit leaders
The firm’s chief credit officer is leaving at the end of March, the company said

Multi-currency private credit CLOs will become the status quo in Europe - S&P

The multi-currency approach to European private credit CLOs will become the status quo this year, with new entrants helping to drive this growth, S&P has predicted

Sixth Street raises EUR 7bn for European direct lending
FUND LAUNCH: The Sixth Street Specialty Lending Europe III fund held a final close at its hard cap

Ares preparing to issue second private credit CLO as multi-currency deal
EXCLUSIVE: Ares European Direct Lending CLO 2 will be a euro/sterling deal and is expected to price soon

Former Permira and ICG execs join Oaktree’s expanding European private debt team
Permira’s ex-CEO James Greenwood has been named senior advisor, while former ICG managing director Kieran Thind is now senior vice president in Oaktree's European private debt team

Credit funds take aim at clubs and many other sports assets
Sports investing is no longer just a hobby for well-heeled executives. Private credit funds are providing debt and taking minority equity positions in deals a world away from the major US leagues, with examples including English football teams, sailing competitions, sports equipment firms, sports-related media and more

Can funds find pots of gold in Europe?
For years, US private credit has been tapping high net worth individuals. Now funds are trying to do the same in Europe — but markets across the pond are fragmented and heavily regulated

How direct lending took off in Europe
In the second of our two-part history, we look at the evolution of direct lending in the UK, the sector’s expansion to other parts of Europe, and its growth into a dominant asset class

Huge lending from banks to private credit could cause systemic problems
There is little evidence of ‘cockroaches’ in credit. But in one sector, problems may just be hidden

CAPZA raises EUR 1bn for senior direct lending strategy
The latest fund is already 60% deployed, and CAPZA is planning to launch the next vintage in the series in 2026

Individuals account for nearly a quarter of private credit investor base – Alternative Credit Council
The global private credit market grew to around USD 3.5tn in assets at the end of 2024, according to a new report from the Alternative Credit Council and Houlihan Lokey 

Allianz GI raises EUR 1.2bn to fund private debt secondaries
The sophomore fund held a first close and will pursue private debt secondaries deals globally

Bain special situations, SMBC launch European lending joint venture
The two will provide up to EUR 1.5bn in senior secured debt to borrowers across the UK and Europe in a flexible strategy