Private and public credits should “price to reality” – Loomis Sayles
Prices for software names in the US BSL market have bounced back, but that does not mean that private credit valuations were wrong

Texas, Wisconsin systems make real estate, distressed debt commitments
SWIB invests USD 200m in private credit in 2Q26; Minnesota SBI, CalSTRS, Indiana PRS bet on European credit

KKR looks to scale multi-asset credit solutions as credit AUM grows
KKR’s credit AUM has grown by 50% since 2021, the firm revealed in a presentation by Christopher Sheldon, the firm’s global co-head of credit and markets

HarbourVest hires from Sixth Street for evergreen private credit strategy
Tony Ranaldi, previously a senior advisor at Sixth Street, will oversee private credit secondaries, direct private credit and more

Private credit funds find their own version of a CLO reset
The private credit secondaries market has seen a rush of activity in recent years, driven by general partner-led deals. These private credit general partners can recruit private credit secondaries investors to essentially reset the clock on an older vintage fund and present an early exit option for limited partners in the existing fund

UBS O’Connor execs launch new private credit shop
EXCLUSIVE: Rodrigo Trelles and Baxter Wasson have launched RiverBay Capital after leaving the former private credit division of UBS last year, sources tell Creditflux

American firms target European private credit expansion in lower mid-market
US-based managers seek to capitalise on growing demand for European credit

Carlyle holds USD 2.3bn close for sophomore infra credit fund, beating target
Carlyle Infrastructure Credit Fund II has already started deploying, committing around USD 500m and making six investments

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

Silver Point taps former Golub head of structured products for new role
Alan George joins Silver Point Capital in the newly-created position of head of credit finance and leverage solutions

ICG launches European private infra debt strategy with new hires
The firm brought on a former executive at Schroders Capital and a managing director from Antin Infrastructure Partners

New Mexico doubles Sixth Street commitment, NYS pensions disclose credit investments
New Mexico SIC upsizes Silver Street TAO commitment to USD 800m; NYSTRS commits to Turning Rock, NYSCRF commits to 57 Stars

Jefferies Credit Partners reaches European direct lending first close in just six months
EXCLUSIVE: The asset management business accelerated the first close by tapping the bank’s private capital advisory team to run a dual secondaries and primary capital raising process

Local California pensions disclose recent direct lending, distressed credit investments
Los Angeles pensions allocate funds to Audax, Monarch, Macquarie; San Francisco, Alameda County commit to special situations funds, while Sacramento County pension commits USD 100m to GoldenTree

Audax ties Churchill in 1H26 US direct-lender rankings as deal sizes increase – 1H26 US Direct Lender Rankings
US direct lending volume was broadly stable in the first half of 2026, reaching USD 155.6bn across 1,645 deals, compared with USD 154.2bn across 1,716 transactions in 1H25, according to Debtwire's 1H26 US Direct Lender Rankings report

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

North Carolina, CalPERS disclose billions in recent debt SMA allocations
NCIA commits USD 3.3bn to private credit across three managers; CalPERS discloses USD 2.3bn in 1Q26, including Blue Owl investment

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

Blackstone’s BCRED sees redemption requests level out in Q3
But while the latest quarter's results put a stop to recent quarter-over-quarter increases in the amount of investors seeking an exit from the product, exit requests for the perpetual nontraded BDC still exceeded the 5% of outstanding shares that the alts manager was willing to repurchase

BlackRock’s listed BDC taps successor as CEO Phil Tseng exits
Tseng’s resignation comes as BlackRock TCP Capital Corp. has seen its share price tumble and battle underperforming credits in its portfolio

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

Smaller, midsize insurers follow the trend into private credit, as managers find solutions to regulatory hurdles
Asset managers saw private fixed income investment from insurance clients jump 141% from 2021 to 2025, more than any other asset category, according to a report from Clearwater Analytics

Crescent CEO says US Treasuries are spiking due to rising risk of persistent inflation
PODCAST: Markets are recognising the risks around longer-term inflation, and paying greater attention to the ballooning deficits of governments around the world, says Chris Wright, CEO and president of Crescent Capital Group, on the latest episode of Credit Exchange with Lisa Lee

CVC launches debut private credit secondaries fund with USD 500m target
The new strategy broadens CVC’s existing secondaries platform, which has largely focused on private equity secondaries until now

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