Higher inflation and wider credit spreads weigh on European markets - Europe Macro View
Inflation pressures and geopolitcal uncertainity dampened the debt markets

Allianz GI leads secondaries deal for Jefferies’ European direct lending fund
Jefferies Credit Partners, the asset management division of Jefferies, held a first close for the fund and now has an estimated USD 4bn for the strategy

Bridgepoint closes EUR 1.2bn private credit secondaries deal
Secondaries specialist Pantheon backed the transaction, which involved using a continuation vehicle to buy up assets in Bridgepoint Credit’s 2017 vintage direct lending assets

Private credit trading has reasons to grow despite slow take off in Europe
Banks try to establish a secondary market for private credit; large unitranche deals drive private credit trading growth, while semi-liquid funds require asset trading to manage portfolios and meet redemptions

Secondaries emerge as preferred solution to liquidity and deployment pressures – Private Credit Comment
With a subdued M&A market stymying sponsors’ exit opportunities, and confronted with a more challenging backdrop for fundraising, some direct lenders in Europe are eagerly exploring private credit secondaries as a new avenue that can bolster liquidity for the asset class

Coller’s head of credit says volatility benefits secondaries market growth
PODCAST: Volatility is "a very good thing" for private credit secondaries, says Michael Schad, head of credit at Coller Capital, on the latest episode of Credit Exchange with Lisa Lee

Coller and Cherry Bank to raise capital for private credit secondaries from Italian wealth market
Coller Capital has announced a distribution partnership with Cherry Bank to better sell its private credit secondaries investment product to affluent individuals in Italy

Pantheon backs Eurazeo in EUR 480m private debt secondaries deal
Eurazeo announced it has closed a continuation vehicle, allowing some LPs to liquidate their shares early

EQT targets secondaries expansion with Coller Capital acquisition
The Swedish private equity firm has acquired credit secondaries specialist Coller Capital in a deal worth USD 3.2b

PGIM rolls out private credit secondaries platform
The asset manager will deploy up to USD 1bn into private credit secondaries over the next two years

CVC launches dedicated private credit secondaries platform
The alternative asset manager tapped Henri Lusa, a former managing director at Partners Group, to lead the new effort

Polus raises EUR 890m for European special situations fund
The latest fund exceeded its original EUR 750m target, a source familiar told Creditflux

Pantheon closes oversubscribed private credit secondaries fund
The secondaries specialist raised USD 2.2bn for its Pantheon Credit Opportunities III fund and related vehicles

Investors opt for debt as alternative to secondary sales to generate liquidity
Investors are increasingly seeking financing as an alternative to selling their fund stakes on the secondaries market

Generali Investments, Partners team up on private credit secondaries fund
Generali Investments’ debut private credit secondaries fund will invest globally and is available to professional investors

Partners Group launches dedicated private credit secondaries effort
EXCLUSIVE: The firm already has experience in private equity secondaries, infrastructure secondaries and real estate secondaries