MidCap prints rare static mid-market CLO
The middle market specialist issued the half-billion-dollar new issue via Bank of America

Watch out for the cockroaches
After the collapse of First Brands, some of the biggest hitters in global finance have been quick to argue that any bugs in the system won’t affect them — but are bad news for everyone else

Regulators will see the benefits of private credit – Blackstone
The resilience of private credit will become clear following a review of the sector by UK regulators, says Blackstone’s Daniel Leiter

Apollo partners with Coinbase on private credit, stablecoin strategies
The two firms aim to bring new investment products that focus on private credit and digital assets to the market in 2026

ABF increases the lending toolkit – Apollo co-head of asset-backed finance Bret Leas
PODCAST: Bret Leas, co-head of asset-backed finance at Apollo Global Management, says asset-backed financing has contributed to a significant widening of the financing toolkit, on the latest edition of the Credit Exchange podcast with Lisa Lee

“People overvalue liquidity” – Oak Hill Advisors
Individual investors end up taking on riskier investments like public equities rather than alternatives like private credit because of the liquidity profile, founder and CEO Glenn August said on a panel

Most private credit managers now offer semi-liquid vehicle options—Dechert
The number of private credit products that offer periodic redemptions have increased as more investors, both institutional and retail, demand more liquidity

Apollo launches sports lending strategy with new hires
The sports and live entertainment-focused strategy will invest in private credit and hybrid capital solutions opportunities

Apollo to launch three evergreen funds in Europe to tap individual investors
Apollo has secured regulatory approval in Luxembourg for three semi-liquid evergreen private markets funds including two credit ones

Apollo Debt Solutions issues second direct lending CLO
The print follows the manager’s inaugural such deal at the end of April, arranged by RBC and Apollo

Mid-market flurry continues as three private credit deals price
Private credit CLO issuance is powering ahead with three deals, together valued at USD 1.27bn, pricing in a single day from market heavyweights Golub, Carlyle and MidCap

MidCap hires MD for asset-based lending originations
The new hire previously worked at Apollo-affiliated equipment finance platform Capteris

Apollo looks elsewhere, saying CLOs suffer from commoditization
The alternative asset manager said CLOs have tightened to levels that are unsustainable

Seven managers make up 90% of private credit fundraising – Morningstar
Over the last five years, Apollo alone accounted for 29% of all capital raised for private credit

Canadian giant PSP to deploy CAD 6bn to IG private credit
EXCLUSIVE: The allocation will focus on investment grade opportunities across infrastructure, asset-backed and structured debt financing

Barings moves toward second Euro private credit CLO as Blackstone, Apollo mull initial deals
EXCLUSIVE: The firm that cracked the European private credit CLO market open last year is working on its second such deal, while Blackstone and Apollo eye a market entry

Energy, not software, will drive the next decade – Apollo's John Zito
Private credit is poised to fund those necessary investments in energy and power and help large companies diversify their capital sources

Kayne Anderson to debut private BDC to tap affluent investors
EXCLUSIVE: Private BDCs, pioneered by some of the largest direct lenders in the market, are becoming a common vehicle across the private credit manager industry

Direct lending competition ramps up, even in middle market and small cap
Proprietary deal flow is increasingly rare, Barings President Matthew Freund said on a panel during DealCatalyst’s conference in Nashville

Apollo raises USD 8.5bn for opportunistic credit
The fundraise includes commitments for Accord+ Fund II as well as for separately managed accounts and other related vehicles

Apollo Debt Solutions BDC prices its debut CLO
The private credit transaction from the fund, which is run by Apollo Credit Management, is the market’s second debut CLO pricing in three days

JPMorgan enters private credit big leagues with USD 4bn Boeing unit financing
EXCLUSIVE: The bank takes down the third-largest piece of the giant unitranche, lending shoulder-to-shoulder with direct-lending giants

State Street launches public-private market fund, leaning on Apollo
The new fund is designed for the US retirement channel and provides private market exposure through a pooled investment vehicle managed by Apollo

Apollo’s MidCap resets second mid-market deal in quick order
The reset of middle market CLO Woodmont 2023-11 Trust followed shortly after the manager had repriced another such deal

Mid-market repricings keep coming, with deals from Deerpath and MidCap
The two transactions at the end of last week together totalled USD 1.3bn