400 Capital names leaders for ABS, corporate and distressed strategies
The alternative credit manager also announced two new partners

Pantheon raises USD 5.2bn for senior debt secondaries
The latest fund, Pantheon Senior Debt III, was oversubscribed as interest from the insurance channel grows

US corporate private credit assets surpasses BSL, HY markets—LSTA
Despite the growth, leverage across various private credit vehicles remain modest, according to the industry group’s latest study  

Bank-asset manager partnerships reach European shores
EXCLUSIVE: the recent announcement from Arini and Lazard shows how new entrants into the direct lending market might copy the US model of leaning on bank partners

First Eagle launches nontraded BDC that invests in US middle market private credit
The product will invest in directly originated, senior-secured, first lien loans to US middle market corporate borrowers

Massachusetts, midwest pensions disclose recent private credit moves – Public Pensions, Private Pursuits
ANALYSIS: Massachusetts, Michigan pensions reveal private credit investments totaling USD 225m, Illinois Municipal Retirement Fund commits USD 50m to Pemberton   

Pemberton appoints head of European GP, NAV financing origination
Jürgen Breuer previously helped the manager build out its DACH direct lending effort

Coller Capital buys USD 1.6bn portfolio, claiming largest senior direct lending secondaries deal
The private markets secondaries specialist has acquired a senior direct lending portfolio from a multiline US insurer

Scottish Widows plans private markets push through LTAF launch
EXCLUSIVE: the pension fund plans to invest in both private credit and private eqity with separate managers for each  

BlackRock, a traditional asset manager no more – CEO Larry Fink
In his latest annual letter to investors, Chairman and CEO Larry Fink lays out his ambition to index private markets and bring these illiquid assets to the masses

More volatility, more uncertainty and more tailwind for private credit – KKR’s Dan Pietrzak
PODCAST: The new Trump administration in the US has introduced new uncertainty with its preparedness to employ wide-reaching tariffs, and M&A volumes remain depressed, but KKR’s private credit team is busier than it has been in the past few years. 

Apollo poaches BlackRock’s head of APAC private credit
The new hire will start at the end of June to lead Apollo’s hybrid private capital efforts in the Asia Pacific region.  

Blackstone hires Goldman alum to head European private credit origination
Dominic Ashcroft previously served as head of leveraged finance for EMEA at Goldman Sachs

Macquarie launches European direct lending platform
The company is planning to launch a similar US-focused direct lending business by mid-2025

Marathon ditches distressed strategy to raise USD 2.7bn for opportunistic credit
EXCLUSIVE: The asset manager originally launched the fund with a distressed debt strategy but has since switched the focus to making opportunistic private credit and equity investments  

Total fees paid to direct lending funds dip as yields fall —Cliffwater
Institutional investors in direct lending funds are paying fewer dollars in performance fees despite private credit managers refusing to lower fee rates

Lincoln Financial partners with Bain, Partners Group on private credit products for US wealth channel
Lincoln aims to launch the two new private credit products in late 2025

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

Arcmont launches impact private credit strategy backed by APG, TIAA
The European private debt firm launches a strategy to help address environmental and social challenges as institutional investors around the world increasingly show interest in more than just pure financial returns

Regulators scrutinise fund loans

Partners Group seeks to more than double private credit AUM
The alternative investment firm plans to grow private credit AUM to more than USD 70bn and could consider acquisitions

Banner Ridge targets USD 3.2bn for private credit secondaries
The firm will use the latest secondaries fund to buy stakes in private credit funds focused on special situations, distressed debt and opportunistic credit

CalPERS reveals USD 3.9bn in private credit commitments
Public Pensions, Private Pursuits: CalPERS discloses 3Q24 private credit commitments, invests USD 16.9bn in 2024, and Connecticut, Oregon, Indiana, Texas, Jacksonville make investments   

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.

M&G plans private credit fund for UK defined contribution plans
UK regulator, the Financial Conduct Authority, recently approved the private credit feeder fund