Mid-market repricings keep coming, with deals from Deerpath and MidCap
The two transactions at the end of last week together totalled USD 1.3bn

Golub prints largest CLO ever in reset of 2023-vintage middle market deal
The USD 2.32bn reset brings the total capitalisation of Golub Capital Partners CLO 65(M) to USD 2.5bn

Antares resets another super-sized middle market CLO
The transaction added USD 72m in equity and USD 450m worth of triple A paper

Canada's CDPQ taps head of PE to oversee private credit investments
The Canadian institutional investor giant previously grouped private and public credit together as a single segment

KKR, Capital Group set to launch a hybrid private-public credit fund for individuals
The new fund with a low minimum will invest across corporate direct lending, private asset-based lending and public fixed income

AXA IM Alts launches diversified private credit fund for individual investors
The new strategy will invest across the entire private credit spectrum, covering not just direct lending but also asset-backed finance

Managers shift to nontraded BDCs in direct sell to individual investors—Raymond James
EXCLUSIVE: Creditflux sits down with Raymond James managing director and BDC expert Larry Herman for a Q&A

Marathon ditches distressed strategy to raise USD 2.7bn for opportunistic credit
EXCLUSIVE: The asset manager originally launched the fund with a distressed debt strategy but has since switched the focus to making opportunistic private credit and equity investments  

PennantPark prints second new middle market CLO in two months
The private credit deal priced the top of the stack at SOFR plus 145bps

Total fees paid to direct lending funds dip as yields fall —Cliffwater
Institutional investors in direct lending funds are paying fewer dollars in performance fees despite private credit managers refusing to lower fee rates

Divergent ratings analysis for NAV loans presents risk—KBRA
The lack of standardization for rating more complex instruments like net asset value loans is a growing risk in the private credit market, the ratings agency said

Lincoln Financial partners with Bain, Partners Group on private credit products for US wealth channel
Lincoln aims to launch the two new private credit products in late 2025

Deutsche Bank and DWS strike private credit agreement
The asset manager is also bringing on a Deutsche Bank executive to head its global private credit business

Golub and Arcmont win GBP 350m private credit mandate from UK pensions
The GBP 52bn pension investor is expanding its private market investments

Golub prices tight with latest five-year middle market deal
The new issue equalled the market low for triple A spreads on private credit CLOs

Ares adds to middle market issuance with first new deal for the year
Ares Direct Lending CLO 5 priced the top of the stack at SOFR plus 138bps

Private credit managers consider smaller fund targets
ANALYSIS: Some private credit managers are considering a smaller fundraise, bucking the convention of always aiming for bigger funds 

CLO manager M&A driven by search for talent and scale

Cost of direct private credit highlighted as giant AIMCO shutters New York office

Regulators scrutinise fund loans

Jamie Dimon’s JPMorgan is angling to be a major private credit lender. But it may come back to bite

Lord Abbett looks to increase liquidity for private credit fund for individual investors
The asset manager is asking the SEC permission to offer monthly redemption opportunities to investors from the current quarterly schedule

Partners Group seeks to more than double private credit AUM
The alternative investment firm plans to grow private credit AUM to more than USD 70bn and could consider acquisitions

Banner Ridge targets USD 3.2bn for private credit secondaries
The firm will use the latest secondaries fund to buy stakes in private credit funds focused on special situations, distressed debt and opportunistic credit

Capitala Group raises USD 1bn for flexible debt, equity financing
The oversubscribed fund focuses on lending to lower middle market companies in the US