Metric raises EUR 1bn for fifth flexible private capital fund
Under the strategy, the asset manager provides flexible financing that does not fit into traditional private debt or private equity

Direct lending competition ramps up, even in middle market and small cap
Proprietary deal flow is increasingly rare, Barings President Matthew Freund said on a panel during DealCatalyst’s conference in Nashville

Canadian manager SAF launches private ABF strategy with hire from RBC
The new managing director spent 20 years working at RBC Capital Markets

Clearlake abandons bank-led option for a private credit loan to replace Dun & Bradstreet financing
EXCLUSIVE: The private equity firm is going with the Ares-led private credit loan rather than tapping banks to raise debt in the capital markets 

Economic uncertainty clouds Milken conference but lev fin markets keep moving
Attendees leave a cloudy LA with few answers but a little more faith in the US leveraged finance markets

Blackstone prices static BCRED CLO
The transaction is the first non-reinvesting deal to price under the BCRED shelf

Clearlake set to seal private credit loan to replace risky Dun & Bradstreet financing
EXCLUSIVE: Ares leads USD 5bn unitranche loan with JPMorgan among expected lenders that will replace original 364-day financing

Uncertainty challenges credit underwriting but deal making continues
Panelists at the annual Milken Institute Global Conference this week said the environment is more favorable than many initially expected post 2 April

Clearlake launches Clearlake Credit to chase private and public credit investments
The new platform will integrate the newly acquired MV Credit and WhiteStar Asset Management

Bessent compares Trump to Milken, champions bank deregulation
The US Treasury Secretary also noted that the growth of private credit is a sign the banking system has been too tightly constrained

Private credit’s golden era never really ended – Blackstone’s Michael Zawadzki
On the Credit Exchange podcast, Lisa Lee speaks with the CIO of Blackstone Credit and Insurance about opportunities in volatile markets and the durability of private credit premiums

Crescent taps Jason Breaux for head of private credit
Breaux will also continue to serve as CEO of Crescent Capital’s business development fund

Apollo raises USD 8.5bn for opportunistic credit
The fundraise includes commitments for Accord+ Fund II as well as for separately managed accounts and other related vehicles

DE Shaw closes USD 1.3bn private credit fund to back risk transfers, capital relief
The sophomore Diopter II fund will fund investments related to capital relief, risk transfer, risk sharing and other transactions by financial institutions

Apollo Debt Solutions BDC prices its debut CLO
The private credit transaction from the fund, which is run by Apollo Credit Management, is the market’s second debut CLO pricing in three days

Squire Patton Boggs boosts funds capabilities with recruitment of fund formation specialist
Cassandra W. Borchers has joined the firm as a partner from Thompson Hine

New York, New Mexico pensions lead recent private credit investment
New York State, New Mexico pension systems disclose recent private credit investment worth USD 800m

Churchill prices new mid-market CLO, first since January
The USD 499.7m Churchill NCPCIF CLO-II priced its senior triple-A paper at SOFR plus 166.5bps

Apera secures EUR 2.9bn for European lower middle market lending
The fundraise for Apera Private Debt Fund III is double the size of its predecessor vehicle

KKR, Capital Group expand partnership with plans for public-private market product
The private market specialist is joining forces with a traditional asset manager to better reach individual investors

Mid-market PE firm becomes newest CLO manager with USD 402m print
Kohlberg & Co. priced its inaugural deal on Monday, with the market’s first new private credit CLO in three weeks

Private credit funds, partner banks present risks as global growth slows—IMF
Private credit funds and their partner banks can face losses as a slowing economy will challenge borrowers’ ability to repay loans

JPMorgan enters private credit big leagues with USD 4bn Boeing unit financing
EXCLUSIVE: The bank takes down the third-largest piece of the giant unitranche, lending shoulder-to-shoulder with direct-lending giants

M&A rebound will come – Goldman Sachs’ Vivek Bantwal
Goldman Sachs' co-head of global private credit chats with Lisa Lee on the Credit Exchange podcast

ABF specialist Balbec names new CEO
Peter Troisi to take the helm as Charles Rusbasan transitions to an executive chairman role