‘Private credit is in a Darwinian moment and returns are lower’
Private credit is having a “Darwinian moment”, says Golub Capital co-CEO David Golub, with the private credit veteran predicting the once-hot alternative asset class is about to experience a temporary period of lower returns and lower capital inflows, leading to fewer — but larger — firms

The character of your sourcing determines your portfolio’s destiny
Private credit should rediscover its middle market roots, writes Randy Schwimmer

Share prices soar as Apollo, BlackRock, Blackstone, Brookfield, Goldman and KKR plan AI financing partnerships with NVIDIA
The technology company specializing in GPU development has signed memorandums of understanding with the six firms to establish independent compute financing platforms and deploy more than USD 500bn of capital

Private credit overthrows public fixed income as insurers’ top allocation priority – Mercer
Many insurers are seeking higher yielding investment options and have excess liquidity in their current investment grade portfolios, Mercer head of insurance solutions Eryn Bacewich told Creditflux

Some BDCs find early success in race to bring down redemption requests
EXCLUSIVE: Most perpetual nontraded BDCs, however, are expected to see elevated redemption activity throughout 2026 and possibly into 2027

Listed BDC BlackRock TCP will continue to realize losses even after portfolio sale – Fitch Ratings
The ratings agency is holding its negative rating outlook as the USD 523m portfolio sale to deleverage the listed BDC is unlikely to be enough to fight pressure on net investment income and dividend coverage

BC Partners' Rovner joins Runway Growth Capital as co-CEO
Michael Rovner, former managing director at BC Partners, has been named co-CEO and co-CIO at Runway Growth Capital

Coller’s head of credit says volatility benefits secondaries market growth
PODCAST: Volatility is "a very good thing" for private credit secondaries, says Michael Schad, head of credit at Coller Capital, on the latest episode of Credit Exchange with Lisa Lee

HarbourVest backs Willow Tree’s USD 730m private credit continuation vehicle
The continuation vehicle acquired a portfolio of primarily first-lien loans to sponsor-backed companies from the late 2020-vintage Willow Tree Fund II and parallel funds

Goldman’s Americas direct lending head David Miller to retire
Miller, who has spent 22 years at the firm, will transition to become an advisory director and chairman of Americas direct lending at the end of 2026, according to an internal memo seen by Creditflux

BlackRock’s listed BDC sells USD 523m private credit portfolio to Pantheon
The sale of assets will significantly cut the listed BDC’s exposure to the software sector

BlackRock HPS readies latest opportunistic direct lending fund
The predecessor fund in the series, Specialty Loan Fund VI, had raised more than USD 21bn

Ares prices USD 1.2bn static private credit CLO
Ares Direct Lending CLO 9 printed via BNP Paribas with its senior triple As clearing at SOFR plus 134bps

Former FS KKR BDC co-president joins NAV, fund finance lender Velocity
Brian Gerson had stepped down from his position as co-president of the listed BDC, FS KKR Capital Corp., in June 2025

Manulife Comvest raises USD 5.4bn for North American direct lending
This fund close comes after Manulife Financial Corporation acquired 75% of Comvest Credit Partners in November

Investor demand strongest for European PC CLOs – Golub
EXCLUSIVE: Investor demand is stronger for European private credit CLOs than any other segment of the CLO market, according to Golub Capital’s Landis Wood

Latest Ares private credit CLO sees AAAs clear at 145bps
Ivy Hill Middle Market Credit Fund XXV issued with a value of USD 403.2m and a 2Y/5Y schedule

BlackRock becomes latest to issue static private credit CLO
The manager's latest print follows static private credit CLO prints in recent months from Fortress, Blackstone and Barings, as well as the manager's own BlackRock DLF IX-L CLO 2026 Static in January, which issued as an unusual single-tranche CLO

Golub co-CEO sees a Darwinian moment for private capital
PODCAST: The private equity industry is in a Darwinian moment, according to David Golub, co-CEO of direct lending specialist Golub Capital, on the latest episode of Credit Exchange with Lisa Lee

T. Rowe Price launches private market interval fund with Goldman Sachs
The T. Rowe Price Goldman Sachs Private Markets Fund will allow individual investors to access private credit, leveraged loans and other private market opportunities

PGIM acquires outstanding 25% interest in direct lender Deerpath
The purchase of the remaining one-quarter share follows PGIM’s initial acquisition of a 75% stake in 2023

Blackstone’s BCRED co-CEO resigns
Jonathan Bock, co-CEO of Blackstone’s flagship private credit fund BCRED, has resigned from his role, leaving Brad Marshall to manage the fund alone

Golub logs record amount of private credit trading this year
EXCLUSIVE: Golub Capital has logged more than USD 2bn in private credit trading over the first half of 2026, a record for the firm

Private credit drives nearly half of Blackstone inflows in Q2
The alternative asset management giant said institutional investors are continuing to commit capital but also that redemption requests for its semi-liquid direct lending fund BCRED appear to be slowing

Blackstone, Wellington and Vanguard collaborate on all-in-one private market vehicles for wealth channel
The three asset managers have launched two products that will give individual investors exposure to a mix of private market assets within a single allocation