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

PGIM Fixed Income poaches Blackstone exec for private ABF effort
The firm is building a dedicated asset-based finance platform

BC Partners secures USD 1.4bn for flexible, opportunistic credit
The private credit arm of the firm held a final close for its Special Opportunities Fund III

AXA IM Alts launches diversified private credit fund for individual investors
The new strategy will invest across the entire private credit spectrum, covering not just direct lending but also asset-backed finance

IG private credit market could swell to USD 23trn: Carlyle’s Mark Jenkins
Podcast: "Credit Exchange with Lisa Lee" interviews Carlyle's global head of credit Mark Jenkins on investing in the era of uncertainty and shifting secular trends

Balbec raises USD 1.7bn for global ABL fund
Alternative investment manager Balbec has closed on its 6^th flagship fund that has already called 51% of commitments

Expanding investor base and ABL will propel private credit growth says BlackRock
The private credit asset class will continue to grow in 2025 as the underlying investor base diversifies and the definition of private credit expands to include asset-backed finance held by private lenders

Brookfield Credit invests USD 1bn in 17Capital
Brookfield Asset Management’s private credit investment division, Brookfield Credit, has agreed to invest USD 1bn into 17Capital’s private credit strategies

Ninety One closes EUR 150m ABL fund
Global investment manager Ninety One has held a final close for its European asset-based private credit fund, raising EUR 150m

Doug Cruikshank, Managing Partner & Founder at Hark Capital, on opportunities in NAV Financing
In a recent Fireside Chat, Giovanni Amodeo sat down with Doug Cruikshank of Harc Capital, to explore alternative financing strategies

JP Morgan CIO PM finds his way to ABL fund
Doug Nicholson, a portfolio manager in the chief investment office at JP Morgan for over 15 years, has jumped to a buy-side private credit firm

New Mexico pension system allocates USD 200m to specialty finance
The new commitment is the latest in a string of investments in private credit from the New Mexico State Investment Council, totaling hundreds of millions of dollars

Florida-based credit specialist raises USD 130m for opportunistic credit fund
A new opportunistic credit and asset-based finance fund will back companies in the media, tech, telecommunications, intellectual property and specialty finance sectors

Avenue Capital raises billion dollar European special situations fund
New York-headquartered Avenue Capital Group held the final close of a new European special situations fund with more than USD 1bn in commitments

Private credit firms chase opportunities in asset based lending as US banks withdraw
Lending against assets is becoming the fastest growing part of private credit. The market is expected to grow from roughly USD 787bn in 2024 to more than USD 1.26trn in 2028, according to a report by Research and Markets, a data and statistics firm.

Credit hedge funds
Credit hedge fund performance

Pensions specialist Broadstone snaps up credit risk shop
Broadstone has acquired credit and analytics firm Vestigo Partners Limited for an undisclosed amount, as the UK-based pensions, investments and employee benefits specialist expands its credit risk capabilities

Evolution hires new managing director from JP Morgan
Evolution Credit Partners has added a managing director on the investment team, helping grow the Boston-headquartered firm's working capital finance and leveraged finance businesses

Funds round up: private credit reaches for retail
A number of new credit funds launched last month to round out 2024's first quarter, including ones in Europe aimed at retail investors

Ninety One launches infrastructure credit fund aimed at South African market
Asset manager Ninety One has launched the Ninety One SA Infrastructure Credit Fund, focused on the South African market

Funds round-up: Feb-2024 - managers turn to European wealth
European private credit managers turn to the wealthy in our roundup of notable fundraising in February 2024. 

Brevet Capital names new chief commercial officer
Boutique financial advisor Brevet Capital has promoted Mei-Li da Silva Vint to chief commercial officer

Patria launches new infrastructure credit fund

BNP Paribas launches climate impact infrastructure debt fund
BNP Paribas Asset Management has launched the BNP Paribas Climate Impact Infrastructure Debt fund as interest in impact investing and ESG-related causes continues to grow around the world

DigitalBridge closes USD 1.1bn digital infra credit fund
DigitalBridge has closed a digital infrastructure fund called DigitalBridge Credit (Onshore), raising USD 1.1bn in commitments