“People overvalue liquidity” – Oak Hill Advisors
Individual investors end up taking on riskier investments like public equities rather than alternatives like private credit because of the liquidity profile, founder and CEO Glenn August said on a panel

Private fund CFOs ape CLOs to give investors access to diversified alternative assets
One sort of CFO, the chief financial officer, needs no introduction. The second type of CFO, the collateralised fund obligation, is less well-known, but is growing fast

Private credit managers seek a toehold in financial advisors’ model investment portfolios
The model portfolio, with pre-selected managers and asset class exposures, has become a convenient way for investors to access public asset classes through mutual funds and ETFs in a single package

IMF sounds alarm on bank exposure to private credit
A new IMF report found that the growing appeal of non-bank financial institutions, such as private credit funds, poses a risk to global financial stability

Private credit incentivized to seek more protection than BSL
With the First Brands fallout still in the headlines, private credit managers sought to differentiate themselves from the banks that underwrote the troubled auto lender

First Brands bankruptcy seems to be a problem separate from private credit - Blue Owl
CEO Marc Lipschultz is not seeing an uptick in private credit defaults and says concerns around the asset class are misplaced

Private credit adds 2% additional yield for North American insurers
S&P Global predicts growth in insurance allocations towards private credit as the asset class delivers extra yield

Värde appoints head of ABF, hires ex-KKR MD
The appointments come as the firm looks to expand in the asset-based finance sub-sector of private credit

There’s tremendous fragility in the system – PGIM’s co-CIO Greg Peters
PODCAST: “Underneath is a lot of volatility. Companies are struggling. You’re seeing really wide dispersion,” says Greg Peters, co-chief investment officer at PGIM Fixed Income, on the latest episode of Credit Exchange with Lisa Lee

Runway to acquire healthcare-focused specialty finance company
The acquisition is part of the firm’s push to grow its platform through organic and inorganic means

HarbourVest taps leaders for new credit secondaries team
The announcement comes after the firm launched its first dedicated credit secondaries fund

Golub starts GP-led secondaries strategy
The private credit shop’s new strategy is meant to complement its existing equity co-investment business

Ex-Muzinich co-head of US private debt joins Colbeck
The new hire adds to Colbeck Capital Management’s capabilities across the US middle market

HPS partners with Vistina on investment grade ABF
The new collaboration will give HPS parent company BlackRock greater access to the growing ABF market for its investors

Eagle Point and Apple Bank strike equipment finance JV
The new platform will offer bespoke financing options to companies with limited access to traditional bank lending programs

Most private credit managers now offer semi-liquid vehicle options—Dechert
The number of private credit products that offer periodic redemptions have increased as more investors, both institutional and retail, demand more liquidity

Workout teams are absolutely critical in private credit – Antares’ Tim Lyne
PODCAST: “It’s a huge differentiator” to have dedicated and experienced personnel to deal with struggling borrowers, says Tim Lyne, CEO of private credit specialist Antares Capital, in the latest Credit Exchange podcast with Lisa Lee

First Brands' distorted balance sheets serve as warning to private credit lenders – Market React
Company secured fresh debt despite missing payments to Onset Financial; Special committee investigates double invoice pledging

Third Point adds three MDs from Apogem
The new private credit team members will help source middle market direct lending deals

South Carolina, Virginia among pensions revealing recent credit-focused investments
South Carolina Retirement System Investment Commission allocates over USD 900m to four managers; Virginia, Los Angeles pensions also disclose recent private credit investments, while East Bay Municipal Utility District and City of Jacksonville pensions seek to expand private credit exposure

Aviva’s new pension strategy to allocate 20%-25% to private markets
My Future Vision has partnered with Neuberger, KKR, Apollo and others to deliver private markets access to pension savers 

Smaller issuers default at more than twice the rate of their mid-sized peers – Fitch
Issuers with EBITDA below USD 25m saw a 9.3% default rate in the 12 months to the end of 2Q25

Apollo launches sports lending strategy with new hires
The sports and live entertainment-focused strategy will invest in private credit and hybrid capital solutions opportunities

HSBC AM launches evergreen fund targeting trade, working capital assets
The new private credit strategy will invest in assets such as receivables and payables finance, trade loans and other instruments around the world

OHA closes in on USD 6bn for large cap senior direct lending fund
The open-ended fund is targeting sponsor-backed corporate borrowers with an EBTIDA greater than USD 75m, the firm previously told institutional investors