Golub prints mid-market CLO with tightest triple As since April
The USD 1.15bn transaction priced its senior triple A paper at SOFR plus 163bps

HPS prints new private credit CLO with triple As at 165
The deal is the second mid-market issue for HPS so far this year

Silver Rock raises USD 3.4bn, approaches final close for tactical private credit fund
EXCLUSIVE: The firm will invest across the private credit markets, pursuing deals in areas such as corporate credit, real asset credit and specialty lending

Clearlake seals largest new direct lending deal for Dun & Bradstreet
Ares leads deal, taking USD 1.5bn; Morgan Stanley, Clearlake Capital Markets, Golub and Blue Owl also helped arrange the largest new unitranche ever

Arena raises more than USD 1bn for multi-strategy credit
The firm held a final close for its latest flagship fund

Clearlake, direct lenders plan to ink USD 5bn private credit loan for Dun & Bradstreet
EXCLUSIVE: A group of direct lenders led by Ares are wrapping up a USD 5bn term loan and USD 500m revolver, prepping to sign commitment documents within hours

Millenium-backed Lane42 launches public-private credit strategy
The new firm also made a series of senior hires that previously worked at Apollo, Oaktree Citadel, Oak Hill, and Kirkland

Connecticut, San Francisco among funds making new private credit moves – Public Pensions, Private Pursuits
EXCLUSIVE: Connecticut plans commitment to Anchorage Capital distressed credit funds; San Francisco, North Dakota, and Dallas funds disclose recent commitments

PNC Bank to buy Aqueduct to grow fundraising service capabilities
The acquisition will add to the existing capital advisory services provided by PNC subsidiary Harris Williams

Crestline raises USD 1.7bn to lend to private asset funds
The firm held a final close on its third net-asset-value fund called Portfolio Finance Sentry Fund

Former Platinum Credit MD joins multi-manager platform Schonfeld
Jordan Stevens previously served as a senior credit deal lead for Platinum Equity’s private credit platform

Cleary hires Goldman Sachs MD for capital solutions, private credit
The law firm welcomed back the partner to focus on private credit originations

Beach Point raises more than USD 1.25bn for opportunistic private credit, real estate debt
The alternative asset manager held a USD 750m final close for its latest and largest opportunistic private credit fund

SEC to consider opening private funds to retail investors
US retail investors, deemed too small and unsophisticated to invest in private assets like private credit, represent trillions in untapped assets

Private equity will help private credit weather troubles – Neuberger Berman’s Susan Kasser
People fail to give the private equity funds the credit they deserve, Susan Kasser, head of Neuberger Berman Private Debt, says on the latest ‘Credit Exchange with Lisa Lee’ podcast

Kayne Anderson to debut private BDC to tap affluent investors
EXCLUSIVE: Private BDCs, pioneered by some of the largest direct lenders in the market, are becoming a common vehicle across the private credit manager industry

HIG issues first new CLO in 15 months
The deal is the first new print from the manager since it priced HIG WhiteHorse Trinity CLO 2024-1 in February last year

Invesco raises more than USD 700m for distressed debt, special situations investments
Invesco Credit Partners III has yet to hold a final close and has already surpassed the size of its predecessor

Kohlberg launches debut private credit drawdown fund
The middle-market private equity firm recently priced its first middle market CLO

Kayne Anderson raises more than USD 2bn for middle market direct lending
EXCLUSIVE: The firm plans to hold a final close for Kayne Anderson Senior Credit Fund V at the end of the year

Private credit titans lean on public rivals in bid to enter retirement product race
Private credit titans such as Apollo and Blackstone are teaming up with their long-time rivals, asset management giants, in a race to package a mix of public and private credit assets into retirement products

Cliffwater’s evolution: from consultant to co-investor
Cliffwater

News in brief
Blackstone plays offense amid volatility

Are unusual deals from Clearlake and JPMorgan signs of things to come?
Deals that would have gone to public markets switched to private credit

Remora Capital Partners to launch inaugural private BDC
The firm expects the private BDC to reach a size of around USD 500m in around a year’s time