AIMCo private markets head departs as New York office shutters
The New York office, open for just a year, was established last February to accelerate the growth of the institutional investor’s private credit portfolio and source investments

StepStone to launch private debt vehicle for European wealth investors
The ELTIF will invest in private credit asset classes across the European Union

Antares launches private credit fund for wealthy individuals
The new vehicle, started with USD 1.4bn in investable capital, will target the private wealth channel, a growing investor base to the private credit asset class

NYS, San Francisco, Arizona, Virginia, Texas, Fresno County disclose nearly USD 1.3bn private credit commitments

Fears about rates and the economy have dwindled and the outlook is positive
Bond yields are rising but capital markets remain full speed ahead

Need for scale fuels BDC consolidation
Business development companies (BDCs) — a popular type of private credit fund vehicle — have been merging to gain scale and lower costs, and more consolidations are expected in 2025.

Candriam partners with Kartesia on private debt fund for European retail investors
European private debt firms Candriam and Kartesia are launching a private debt fund for individual investors via European Long-Term Investment Fund 

Zips Car Wash pursuing bankruptcy to facilitate hand off to lenders
Financial sponsor Atlantic Street Capital is preparing to hand over control of portfolio company Zips Car Wash to its direct lenders through a Chapter 11 bankruptcy process

M&G to acquire majority stake in P Capital Partners
London-based investment firm to take 70% share in Swedish private credit business  

17Capital hires MD from Barclays to grow NorthAm presence
NAV specialist 17Capital has hired Ari Landsberg as managing director for investments in North America

Antares hires Olga Kosters to head credit secondaries
Antares Capital has hired Olga Kosters to head its credit secondaries business

GP-led deals to reach 50% of credit secondaries volume in 2025: Jefferies
Private credit secondaries volume will be increasingly driven by GP-led transactions this year, said Jefferies in a report

AXA IM Alts launches first evergreen private credit fund under ELTIF 2.0
AXA IM Alts has launched its first evergreen private credit fund that conforms to ELTIF 2.0

Global Private Credit AUM to reach USD 3trn by 2028 - Moody’s
Global private credit AUM is poised to hit USD 3trn by 2028, Moody's predicts, with momentum expected to grow over the next three years

Middle market private credit default climb significantly to 4.7% – Proskauer
The US direct lending market saw a big increase in middle market defaults in the fourth quarter of 2024

Corinthia Global Management secures USD 5bn in capital commitments
Corinthia Global Management has raised about USD 5bn for its first direct-lending fund and expects to fund deals by March at the latest

Thoma Bravo raises USD 3.6bn for tech and software credit fund
Thoma Bravo has raised USD 3.6bn for its latest software and technology focused credit fund, the firm’s largest credit pool of capital ever

Coller Capital sets up Singapore office and hires Peter Wu
Coller Capital set up a Singapore office and made a new hire, in a push to expand in the Asia Pacific

Mega direct lenders break records despite sluggish fundraising cycle
The new year kicked off with Ares Management showcasing the largest ever fundraise for a European direct lending strategy, suggesting that investors are preferring to pile into the largest private credit managers

BlackRock envisions private credit in retirement accounts
BlackRock seeks to be a pioneer in bringing alternative investments such as private credit to the retirement channel.

A holiday funds roundup
A recap of end-of-year happenings as the industry kept moving right through the holidays and the new year celebrations

Princely Family of Liechtenstein’s LGT raises USD 2.17bn for latest credit fund
Royal family-owned LGT Capital Partners has successfully fundraised USD 2.17bn for its evergreen credit fund, according to an SEC filing  

Daniel Loeb’s Third Point agrees to acquire Birch Grove
Billionaire Daniel Loeb’s Third Point said it will acquire AS Birch Grove from American Securities, in a move designed to expand the hedge fund's credit capabilities, according to a press release

GP-led transactions set to fuel private credit secondaries in 2025 as deal sizes increase
Private credit secondaries volume has skyrocketed over the past year, and industry participants believe the momentum will continue into 2025 thanks to an environment ripe for GP-led transactions.

UBS forecasts strong private credit returns in 2025, but also downside risks
UBS Global Research has tipped double-digit returns for US investors in its 2025 private credit outlook, but emphasised the risks are skewed to the downside