MidOcean Partners closes USD 765m opportunistic credit fund
MidOcean's latest direct lending strategy focuses on lending to mid-sized stressed, distressed and dislocated performing businesses.

Comvest aims to become the first debut US manager of the year
Comvest Capital Advisory Services is in the market with its debut CLO: Comvest Credit 2024-1 CLO, a middle-market deal. The deal will make Comvest the first new US CLO manager of 2024. 

SFERS commits another USD 75m to private credit
The San Francisco City & County Employees' Retirement System's latest commitment to private credit comes in the form of a USD 75m allocation

Crowell & Moring hires funds formation lawyer in New York
Christopher Mendez will serve as senior counsel in the firm's financial services group.

Briarcliffe hires Morgan Stanley alumni
A new executive director has been hired at Briarcliffe Credit Partners, a placement agency that works exclusively with private credit

Guggenheim closes USD 1.2bn private credit vehicle
Guggenheim Investments has closed a USD 1.2bn levered private credit vehicle backed by Apollo

Middle market CLO reset spreads tighten dramatically in new Golub reset
Golub had a busy Friday last week, with a reset of a massive middle-market deal from 2018 showing the tightest such triple A spreads this year

Another US MM CLO reset prices from Deerpath
The reset of the 2021-vintage middle-market Deerpath Capital CLO 2021-1 equalled 2024 tights for this type of deal

StepStone launches private credit interval fund
New evergreen fund from StepStone is available to both individual and institutional investors  

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

Iowa-based manager launches new direct lending interval fund
A new direct lending interval fund has been launched with a strategy that focuses on lending to lower and core middle market companies

Golub signs strategic partnership with Nassau Financial Group
The private credit manager announced the partnership with Nassau Financial Group, including an investment of USD 200m in equity into Nassau's insurance arm

Funds round up: May 2024
The demand for SRT strategies and special situations funds are on the uptick, as is the demand for managers and funds outside of North America. 

Paul Hastings taps nine attorneys from King & Spalding team
Paul Hastings has upped the ante on its expansion plans in the world of private credit and restructuring by hiring nine seasoned attorneys from King & Spalding

Carlyle gets tightest middle-market reset senior spreads of 2024
Carlyle has reset its Carlyle Direct Lending CLO 2015-1R, a 2015 vintage with an unusual history, with the tightest senior spread in a middle-market reset this year

Sagard targets North American middle market opportunities with new senior lending fund - partner
Sagard, a Power Corporation of Canada alternative asset investment platform, will provide first-lien financing to lower middle market and middle market US and Canadian companies

GSAM raises USD 21bn for large-cap private credit
Goldman Sachs Alternatives announced on Wednesday that it had raised more than USD 20bn for large-cap private credit investments

Sycamore Tree hires Mizzen Capital’s Head of Business Development
Sycamore Tree has expanded its business development team with the addition of an ex-Mizzen Capital industry veteran

Dechert hires Fried Frank private credit lawyer
Dechert has hired a private credit and funds formation expert as a partner in the firm's financial services practice group

Montana Board of Investments makes USD 75m commitment to private credit
The Montana Board of Investments has allocated USD 75m to a San Francisco-based direct lending fund

Corinthia eyes mid-June start
Corinthia Global Management, the start-up firm that’s shaking up the USD 1.7trn private credit space, is laying the foundations for mid-June market entrance

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.