Monroe Capital launches continuation vehicle process for Fund III loan portfolio
EXCLUSIVE: Monroe Capital is raising a continuation vehicle for a portfolio of loans originated out of its third flagship fund, according to two sources familiar with the matter; Fund III closed on USD 1.33bn in 2018

Moelis taps Barclays alum to lead private credit secondaries
Kyle Reidy previously served as global head of structured credit origination at Barclays.  

Coller backs continuation vehicle for Ares direct lending
Ares closed a GP-led secondaries transaction for its 2018-vintage US direct lending fund

BlackRock TCP’s BDC waives Q4 fees, anticipating NAV drop
The listed BDC faces nearly a 20% plunge in net asset value after making a series of bad bets

CPP Investments open to buying another asset manager
The Canadian institutional investor, which acquired Antares a decade ago, would be open to another deal, head of capital solutions David Colla said at a media roundtable

Blackstone starts new fundraising round for institutional, evergreen US direct lending fund
The alternative asset management giant is back to raise more capital for Blackstone Senior Direct Lending Fund after previously closing on USD 22bn in October 2024

Barings BDC taps new CEO for the new year
Thomas McDonnell, who has spent two decades at the firm, will step in as CEO for the listed business-development company

Ares to acquire systematic credit shop BlueCove
The London-based fixed income manager invests in high-yield, corporate investment grade, convertible bonds and other liquid credit assets

New York State Common Retirement Fund commits USD 200m to Oak Hill's CLO fund
The pension fund has committed the funds to OHA CLO Equity Fund III, which will target investments in North America and Europe

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

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

Rithm acquires Crestline, creating USD 98bn alts platform
Crestline adds USD 17bn in assets under management and capabilities across direct lending, fund liquidity solutions and insurance

Bow River Capital acquires asset-based lending firm
The acquisition will add a 12-person team and a strategy focused on providing private, asset-based loans to companies in the lower middle market

BC Partners LPs roll into third unitranche-focused private debt fund
The latest Great Lakes III fund kicked off its investment period and began deploying capital on 1 August, the company said.

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

Sound Point scores USD 1.1bn first close for asset-based lending fund
The fund, which expects a final close by the end of the year, has already blown past its USD 1bn total target

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

Investcorp passes halfway mark on second GP stakes fund
EXCLUSIVE: USD 600m raised to date against USD 1bn target of a strategy that was launched in 2019 and focuses on mid-market

Deutsche Bank and DWS strike private credit agreement
The asset manager is also bringing on a Deutsche Bank executive to head its global private credit business

Invesco closes fundraising for flagship direct lending with USD 1.4bn
Direct Lending Fund II will pursue senior secured loan investments in the middle market

Francisco Partners closes USD 3.3bn opportunistic credit
Francisco Partners has raised an opportunistic credit fund that exceeded its 2.3bn target

Blue Owl raises more than USD 2bn for evergreen direct lending strategy
Blue Owl has raised more than USD 2bn for its sophomore direct lending fund that focuses on senior, first-lien loans

Carlyle’s AlpInvest and Mubadala establish fund financing partnership
Carlyle Group subsidiary AlpInvest Partners and Mubadala have set up a new credit co-investment partnership to provide portfolio senior fund financing on a global basis  

Pantheon raises USD 1.19bn for latest private credit secondaries fund
Pantheon has raised USD 1.19bn in its latest fundraising for Pantheon Senior Debt Secondaries III, to invest in the private debt secondaries space