GoldenTree hits USD 2.75bn hard cap for sophomore private credit fund
The firm’s employees and partners committed USD 50m to the fund, the company announced

Temasek to bump up private credit allocation to 5% by 2031
The Singaporean institutional investor giant says private credit offers compelling opportunities in the near term, despite recent negative sentiment surrounding the asset class

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

Hormuz disruption builds case for energy infrastructure investment, lenders and private capital maintain support
Hormuz disruption exposes fragility, drives urgent calls for energy infrastructure investment; banks and investors remain committed to financing energy and supply chain resilience

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

Canyon’s CIO says more distressed opportunities await
PODCAST: A looming maturity wall and problems in the software space point toward a return to more traditional distressed opportunities, says Jeff Kivitz, chief investment officer at Canyon Partners, on the latest episode of Credit Exchange with Lisa Lee

Private markets fundraising challenges to persist despite easing geopolitical concerns
LPs plan to maintain or increase deployments but more selectively; sanguine views on geopolitics suggest tailwind for China rebound

HSBC AM raises USD 1bn for new NAV financing strategy
The strategy invests in senior secured loans financing European and Asian-based private equity funds’ portfolio growth

Investcorp launches AI investment framework for private markets
The asset manager has rolled out targeted argentic AI use cases across its portfolio, such as autonomous research, origination and reporting tools, and more

Eurazeo closes its largest ever direct lending fund with EUR 3.9bn raised
Eurazeo Private Debt VII raised EUR 3.9bn at closing, exceeding its EUR 3bn target

PGIM launches new private credit UCI for European and Asian wealth investors
The Luxembourg-domiciled vehicle invests in senior secured loans to middle market companies in North America, Europe and Australia, targeting companies with EBITDA between USD 10m and USD 75m

Capital Group and KKR expand public-private investment strategy to Europe and Asia-Pacific
The Global Multi-Sector+ fund aims to provide current income by investing across multiple sectors in both publicly-traded fixed income securities and private credit securities

Energy demand creates opportunities in EM private credit – Ninety One
The credit specialist remains “highly committed” to emerging market private credit as demand for energy grows

Citi, HPS strike EUR 15bn private debt program
BlackRock-owned HPS and Citi are working together to offer private capital solutions to sponsor-backed and corporate-owned borrowers

Temasek taps Pinegrove for venture debt partnership
The Singaporean state investment firm intends to lend directly to growth stage technology and life sciences companies

Neuberger, SMBC ink deal to back Japan-focused private debt funds
A joint venture between Neuberger Berman and Sumitomo Mitsui Banking Corp. will manage private debt funds that invest primarily in LBO loans 

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

Benefit Street Partners targets Japanese private credit, CLO investments with new hire
Franklin Templeton subsidiary Benefit Street Partners has appointed former Blue Owl MD Takeshi Yamamoto in a newly-created role

King Street wins Saudi backing for new Middle East-focused private credit fund
A new credit fund will seek to provide private capital solutions to corporates and to conduct asset-based lending within Saudi Arabia and MENA

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

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 

Blackstone to launch new private multi-asset products for affluent individuals
The new products, expected to come in the following months, will offer exposure to multiple private market asset strategies at once

Citi announces debt capital markets co-heads, including a hire from BofA
The new co-heads will fill the open spot left by head of global debt capital markets Rich Zogheb, who is retiring after 40 years in the industry

Qatar SWF backs 5C direct lending growth in new partnership
The sovereign wealth fund is agreeing to help the alternative investment manager develop new investment products

Private credit CLOs gather steam in Europe as Ares prices its first euro/sterling deal
The transaction follows the pioneering euro/sterling transaction from Barings last October, which also priced via BNP Paribas, and is the second private credit CLO for Ares in Europe