Private credit veteran returns to Barings
Barings is rebuilding its private credit team with the return of a veteran private credit alumni as a managing director in its global private finance group

Audax sees senior spreads come in 30bps in 3 months as new MM CLO prices
Audax Senior Debt, the senior debt direct lending arm of Audax Private Debt, has priced its second new middle-market CLO of the year

CLOs and Private Credit can learn to coexist, conference hears
A discussion led by Debtwire's Head of Leveraged Loans Jelena Cvejic, brought together an audience of lawyers, CLO managers and private credit players to hear about the battle between the two. 

Major banks embrace private credit partnerships as they target non‑traditional lending
PNC Financial Services Group and TCW Group are the latest to team up to launch a private credit platform, as non-traditional bank lending continues to attract established banks.

Alliance Bernstein grows alternatives business
AllianceBernstein continues to expand its alternatives business with the launch of a new BDC, as well as a further push into strategies such as energy transition, asset-based lending and opportunistic credit

Silver Point prices new middle-market deal
Silver Point Capital on Wednesday priced Silver Point SCF CLO III, a new US middle-market deal

US MM CLO Rankings - April 2024
Our latest rankings for the US MM CLO market, including arranger and manager league tables

Higher interest rates have caused more private credit downgrades, new report says
The lagging impact of higher interest rates is resulting in a sizeable uptick in private credit downgrades, according to a new report from KBRA

Raymond James and Eldridge Industries launch private credit platform
Raymond James and Eldridge Industries are the lastest additions to the growing list of traditional banks and asset managers teaming up to expand their private credit platforms

New York pension system makes USD 500m commitment to credit secondaries
The New York State Common Retirement Fund has revealed its latest allocations in its March monthly transaction report, and private credit was one of the big winners

2020 vintage MM CLO gets a reset
PennantPark has priced its third middle-market CLO offering of 2024, a reset of a 2020-vintage CLO that was the manager’s second transaction

Apollo raises funds for special sits
Apollo Management has pushed ahead with its plans to raise funds for the second iteration of its credit special situations fund

Colbeck Capital hires new head of originations
Middle market manager Colbeck Capital Management has hired a new managing director and head of originations

Former Capital Dynamics' employees launch Camberline Capital Management
A former Capital Dynamics managing partner has launched Camberline Capital Management in New York, a boutique investment firm, will specialize in private credit

Golub raises USD 2bn for sixth credit opportunities fund
Golub Capital has held the final close of the sixth vintage of its credit opportunities fund, raising USD 2bn

Man Group hires new senior managing director for private credit business
Man Group has hired a New York-based senior managing director to lead the firm's client engagement and strategic efforts in private credit and direct lending

Golub hires from MetLife for new insurance solutions team
Golub Capital has launched a new insurance solutions team, as the firm continues its multi-year plan to build out its investor partners group

Twin Brook grows MM CLO business with upsized deal number three
Angelo Gordon yesterday priced the third iteration of its Twin Brook series of middle market CLOs in a USD 445.75m transaction, upsized from an initial USD 350m

US pension fund makes fresh USD 250m allocation to private credit
A US pension system has recently disclosed hundreds of millions of commitments to alternative funds, including USD 250m for private credit

Massachusetts retirement system looks for private credit manager
A Massachusetts-based pension system is searching for a manager as it looks to join the growing list of pension systems opting into private credit investments. 

Middle market portfolios aren't immune to rate stress, according to new research
Two research reports published this week highlighted ongoing risks in middle market structured credit portfolios

New Mexico pension system approves USD 150m top-up to distressed debt fund
The New Mexico State Investment Council continued to pump money into credit alternatives on Tuesday, as the board approved its latest commitment