AI blockbuster deals surge as Middle East conflict test dealmaker confidence
Mergermarkets M&A Highlights 1Q26: Global M&A volume jumped 22% to the second highest start ever

Antares launches USD 1bn+ GP-led private credit secondaries deal
EXCLUSIVE: The firm is back in the market with its second continuation vehicle and has hired advisors to help run the process

Pemberton reorganizes, appoints new private credit leaders
The firm’s chief credit officer is leaving at the end of March, the company said

LPs seek cyclical private credit play amid US economic uncertainty
Many LPs pivoted to all-weather private credit strategies in recent years, but interest in more opportunistic and special-sits strategies reliant on a credit downturn are picking up once more

Investors fear SonicWall under attack by naked short seller
EXCLUSIVE: Term loan price declining sharply since September, with some trades unsettled for up to eight months;potential party who is shorting now needs to purchase loan to settle trades

Former Claren Road execs launch new private credit business
EXCLUSIVE: The new firm, Claren Road Private Credit Solutions, has already started managing assets for SMA clients

CFA warns of conflicts of interest in continuation funds
The growing popularity of continuation funds has raised questions around manager processes, the CFA Institute said

Private credit secondaries poised for record year
Deals in the market are only getting larger and volumes are expected to surpass USD 18bn this year, a new Evercore report shows

PineBridge explores sale of structured capital fund
EXCLUSIVE: PineBridge Structured Capital Partners III looks to sell debt and equity portfolio; fund invests in junior capital, closed at USD 600m in 2016

Coller Capital backs Twin Brook in record USD 3bn private credit continuation vehicle
The continuation vehicle will acquire a diversified portfolio of sponsor-backed, senior direct loans from TPG Twin Brook’s 2016 and 2018 vintage funds

Morgan Stanley loses head of direct lending and co-head of North America private credit
EXCLUSIVE: the head of direct lending had also served as co-head of North America Private Credit at Morgan Stanley Investment Management; bank assigns new head  

17Capital raises USD 5.5bn for NAV lending to private funds
The alternative credit firm claims its 17Capital Strategic Lending Fund 6 is the largest NAV lending fund seen in the market to date

Man Group to acquire CLO and private credit manager Bardin Hill
The USD 3bn credit manager, now named Bardin Hill, is a private credit and US CLO shop based in New York

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

JPMorgan’s asset management arm seeks to raise direct lending fund
EXCLUSIVE: The asset management unit is raising capital from institutional investors for direct lending as the bank steps up lending from its balance sheet.

PAG raises USD 1.25bn for significant risk transfers
The Hong Kong-based alternative asset manager is expecting the SRT market to grow at a 30% to 40% rate annually over the next few years

L Catterton raises USD 450m in first close for debut direct lending fund
EXCLUSIVE: The direct lending arm of L Catterton launched the fund in 2024 and is targeting USD 1bn in commitments.

Legal analysis of Serta Simmons decision
Serta Simmons’ excluded lenders ring in the new year celebrating appellate wins across the board - debt exchange not conducted on 'open market'

Blue Owl delays fundraising launch of opportunistic credit fund
Blue Owl has put fundraising for its upcoming opportunistic credit fund on pause as it evaluates the market opportunity, according to sources familiar with the matter. 

PGIM to bring mezz fund back to market in 2025
PGIM Private Capital, the middle market private debt business of global investment manager PGIM, plans to launch its latest private credit mezzanine fund next year

Nuveen Private Capital taps Ares partner for private wealth distribution
The platform encompassing Churchill Asset Management and Arcmont Asset Management, has hired Moshe Bajnon for the newly created position of global head of private wealth

Direct lenders debate new protections to avoid being Pluralsight-ed
Direct lenders are starting to ask for “Pluralsight Protection” when negotiating new deals to head off a repeat of the standoff this summer

Ares scoops up Riverside Credit Solutions for undisclosed amount
Ares Management has completed the purchase of lower middle market specialist Riverside Credit Solutions

HPS closes one of the largest direct lending funds ever
HPS held the final close of its Specialty Loan Fund VI, or SLF VI, together with parallel funds and accounts, having raised USD 21.1bn in investable capital

SRT market grows to EUR 18.5bn of junior tranches in 2023
Banks executed 89 synthetic securitizations for SRT globally in 2023, according to the IACPM’s latest synthetic securitization survey