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

Mid-market CLO rankings – August 2025
Market leader Golub approaches USD 10bn in year-to-date issuance in our monthly mid-market rankings, while Wells Fargo leads BNP Paribas in the arranger tables

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

Mizuho EMEA names former BNP Paribas exec as CIB head
Matthew Ponsonby will become head of Mizuho EMEA’s corporate and investment bank, and president and CEO of Mizuho International on 1 October

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

Former Claren Road execs launch new private credit business
EXCLUSIVE: The new firm, Claren Road Private Credit Solutions, has already started managing assets for SMA clients

A Texas pension discloses investment in CLO equity fund
Texas Municipal Retirement System commits USD 775m in Q2 2025, including investment in OHA's CLO equity fund

Golub prices middle-market CLO with 10-year reinvestment period
The innovative deal sees the reinvestment period set to expire in October 2035, with the non-call period running until 2033

Insurer CNO takes minority stake in Janus Henderson’s Victory Park
CNO Financial Group also agreed to commit a minimum of USD 600m to new and existing investment strategies by the private asset-backed credit firm

Audax reworks 2021-vintage issue with fifth deal of the year
The triple A paper, split as part of the reset into discrete loan and note tranches, issued at SOFR plus 150bps

CFO issuance hitting new record and running hot — KBRA
Total issuance of collateralized fund obligations have already reached USD 15.7bn this year, a new record, and is expected to hit USD 20bn by year end

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

Crescent hires MDs for significant risk transfer strategy
The private credit manager’s bank capital solutions strategy focuses on credit risk-sharing deals

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

Hayfin hires two MDs for product and sales
The two managing directors will join the firm’s partner solutions group that focuses on creating new products and reaching new investors

Antares massively upsizes 2021 mid-market CLO with USD 1.4bn reset
The reworking of Antares CLO 2021-1 priced its triple As at the tightest level for a mid-market reset since mid-March

Private credit has won the buyout financing game – Churchill’s Randy Schwimmer
PODCAST: “Long-term, I think the game is over from a buyout perspective. I think private capital has won that game,” says Randy Schwimmer, vice-chairman and chief investment strategist at Churchill Asset Management, on the latest episode of Credit Exchange with Lisa Lee

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

Alts firms turn to sports sponsorship to get their names out in the stands
Carlyle strikes partnership with F1 team Oracle Red Bull, following Blue Owl tennis tie-up and Apollo golf sponsorship; the efforts come amid a broader push into private wealth channels

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