Experienced direct lenders invest in resilient sectors, leaving banks with the riskiest LBO assets
Expect banks to keep shifting the blame — even if they have cockroaches

Neuberger goes smaller on flagship fund even as platform grows
The firm’s latest Private Debt Fund V clocked in around USD 1bn short of the predecessor fund as investor capital flows into other vehicles under the same strategy

Neuberger Berman raises USD 7.3bn for US direct lending
The firm held a final close for NB Private Debt V, which will be used to invest in senior secured, first-lien and unitranche direct loans

Polus raises EUR 890m for European special situations fund
The latest fund exceeded its original EUR 750m target, a source familiar told Creditflux

Nontraded BDC liquidity concerns grow after listed BDC sell-off
The rapid growth in these semi-liquid vehicles has meant many more individual investors in the wealth channel are exposed

Sixth Street Specialty Lending starts CEO transition
The BDC’s current CEO Joshua Easterly will step down from his position at the end of the year but continue his role as co-CIO of the greater Sixth Street platform

Ares readies next flagship alternative credit, senior lending funds
The alternative credit manager also recorded its highest fundraising quarter, corralling USD 30bn from investors

Crestline launches perpetual, private BDC to attract private wealth investors
This is the firm’s first business development company and commingled perpetual vehicle

BDT & MSD launches senior direct lending fund
The new fund comes after the firm hired Goldman Sachs Asset Management’s former global head of private credit earlier this year

Blackstone raises USD 1.6bn for new high-yield ABF strategy
The alternative asset management giant is targeting USD 4bn for its new high yield, private-asset-based finance fund

Oaktree raises USD 2.35bn for insurer-friendly evergreen direct lending fund
The fund, designed for institutional investors, will follow a senior direct lending strategy and focus on the middle market

Private equity firms believe M&As and exits are looking up — and they still like continuation vehicles
Continuation vehicles are mainly being used to hold on to trophy businesses

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

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

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

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

Simplify Asset Management launches private credit ETF
The new exchange traded fund will track the universe of business development funds and listed funds that invest in private credit as captured by the VettaFi Private Credit Index

CFA warns of conflicts of interest in continuation funds
The growing popularity of continuation funds has raised questions around manager processes, the CFA Institute said

Hunter Point lends to Willow Tree in GP financing deal
The direct lender brings in a new partner that should help the firm expand its presence in the wealth channel and launch new strategies

Direct lending stress to remain high despite rate cut – Moody's
A report from BofA also shows that even if interest payment costs ease slightly, the direct lending market faces a high percentage of payment-in-kind deals coming due

Apollo Debt Solutions issues second direct lending CLO
The print follows the manager’s inaugural such deal at the end of April, arranged by RBC and Apollo

Carlyle nabs head of direct lending origination from Golub
EXCLUSIVE: The firm also hired a second managing director focused on originations as it re-staffs its direct lending franchise

Evolving M&A is transforming the capital formation landscape – KKR
'Critical' link between M&A and credit is set to fuel growth in private markets

Ex-Morgan Stanley head of originations starts as Octagon’s head of private credit
EXCLUSIVE: The new hire will lead the liquid credit shop’s new direct-lending strategy, launched earlier this year

Principal Asset Management hires MD for sponsor-backed direct lending
EXCLUSIVE: Jordon Thompson, who most recently worked for Cerberus Capital Management, now covers sponsor relationships for Principal Asset Management