Ares raises USD 8.5bn for alternative credit in under six months
Pathfinder III, which held a final close, was oversubscribed and will focus on asset-based finance investments

StepStone leverages advisory biz to drive private credit co-investments for interval fund
In a competitive co-investment landscape, StepStone has been able to source deals for its asset management business by taking advantage of GP relationships it has on the advisory side of its business

Trading private credit: a market evolution or a risky mutation?
It is a process years in the making, but little by little private credit is developing a secondary market in which loan assets can be traded between investors

Private credit comes under scrutiny from US regulators
Global watchdogs sounded the alarm, then European central bankers weighed in with concerns about systemic risk. Now US lawmakers and regulators are putting private credit under the magnifying glass

Goldman Sachs scopes out private credit opportunity
Opportunities are “everywhere” in private credit, as the dust starts to settle around the software sell-off, according to Goldman Sachs’ co-head of private credit James Reynolds

US direct lending holds steady in 1Q
Fears about AI-impacted software companies took their toll on US direct lenders in the first quarter, yet overall market volume remained resilient as other sectors took up the slack

Private credit acts as a cycle dampener rather than an amplifier
Direct lending definitely won’t cause a new financial crisis — and it may mitigate its effects

CalPERS expands Goldman Sachs credit commitments, South Carolina picks Barings fund
CalPERS commits another USD 750m to West Street credit vehicles; South Carolina RSIC allocates USD 250m to a Barings fund

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

Blackstone's Marshall coins new ‘era of dispersion’ for private credit – Debtwire Private Credit Forum
Lenders defends private credit vehicle structures; executives see stable credit performance despite negative headlines

Hamilton Lane sold USD 330m private credit portfolio to Abry, Coller
EXCLUSIVE: Abry Private Debt partnered with Coller Capital to acquire the senior direct lending portfolio from Hamilton Lane’s evergreen fund

BDC portfolio stress may be overstated – Moody’s
BDC portfolios may be exhibiting less stress than recent headlines might suggest, as a Moody’s analysis finds that many discounted positions do not represent significant valuation deterioration

North Carolina, Wyoming among systems pursuing alternative credit strategies
North Carolina commits USD 500m, plans another USD 2.8bn; Wyoming, Texas, Illinois target ABL, tactical, opportunistic strategies

Blackstone caps redemptions on BCRED as exit requests increase to 10%
Rather than pulling levers to fulfill all exit requests as it did last quarter, the semi-liquid BDC will cap exits at the original term of 5% of shares outstanding

Private credit valuation volatility trouble media more than investors – Debtwire Private Credit Forum New York 2026
Panellists and attendees at this year’s Debtwire Private Credit Forum complained that pushing for more transparency is not the same as seeking more frequent marks for direct lending assets

Guggenheim resets three-year-old private credit CLO
The triple As priced at SOFR plus 163bps, narrowing 87bps from their existing spread level

Crescent raises USD 10.8bn for direct lending, targeting lower mid-market
The firm’s fourth US direct lending fund was oversubscribed and exceeded its target by more than USD 2.5bn

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

Barings co-head of global investments says investors can expect to see more trading of private credit loans
PODCAST: Speaking on the latest episode of the Credit Exchange podcast with Lisa Lee, David Mihalick says it is natural to expect an increase in activity as people increase their portfolio allocations to private markets

US private credit CLO performance shows resilience—S&P
A new report from S&P Global Ratings shows US private credit CLO performance continued to show resilience in April, despite negative headlines

Older, US direct lending funds hold more equity positions, adding risk – MSCI
EXCLUSIVE: Around 15% of the total assets across US senior direct lending funds tracked by MSCI are equity positions of some kind, MSCI head of private credit research Patrick Warren told Creditflux

Blackstone’s big effort on private credit
As the world’s largest CLO manager by AUM, Blackstone is a prolific issuer, but rarely has it priced such large volumes in a single day

Ares’ semi-liquid BDC boosts borrowing capacity
Ares Strategic Income Fund, a semi-liquid private credit fund designed for individual investors, increased the amount of liquidity available on hand after an uptick in investor exit requests

New Mexico, Los Angeles systems make tactical credit allocations
New Mexico re-ups USD 550m for Silver Rock's tactical allocation strategy; Los Angeles pension commits USD 80m to Hayfin's European credit fund

Blackstone prices billion-dollar static BCRED CLO
The deal follows a similar, but smaller, transaction from the manager in March