North Carolina, CalPERS disclose billions in recent debt SMA allocations
NCIA commits USD 3.3bn to private credit across three managers; CalPERS discloses USD 2.3bn in 1Q26, including Blue Owl investment

Ares co-head of US direct lending says there is real dispersion for the first time in years
PODCAST: Speaking with Lisa Lee on the latest episode of Credit Exchange, Kort Schnabel notes that dispersion among direct lenders is manifesting in a few different ways

Ares prints newest US CLO at 121bps
The manager's latest issue priced on Monday as a USD 510m transaction via Mizuho

Almost USD 2bn of US CLO resets price
US CLO reset activity this week has run to just under USD 2bn of fresh paper, with repriced deals issuing from Onex, KKR, Ares and Kennedy Lewis

Silver Point enrolls in Learning Care ahead of crucial school year
Silver Point CLO and BDCs active buyers of Learning Care's 2028 term loan; funds managed by Ares, Carlyle sell or reduce positions in term loan

Ares prices USD 1.2bn static private credit CLO
Ares Direct Lending CLO 9 printed via BNP Paribas with its senior triple As clearing at SOFR plus 134bps

Latest Ares private credit CLO sees AAAs clear at 145bps
Ivy Hill Middle Market Credit Fund XXV issued with a value of USD 403.2m and a 2Y/5Y schedule

Texas, San Francisco among systems disclosing tactical, specialty credit investments
TCDRS commits USD 400m to Silver Point, Gallatin Point funds; Ohio pensions commit to GoldenTree, TPG funds

Ares leads USD 1.7bn direct lending deal backing private country club operator LBO
The large-cap direct lending deal comes at a time when both sponsors and direct lenders are showing more caution amid the uncertainty posed by fast artificial intelligence adoption and the Iran conflict

Non-US investors, family offices drove redemption requests at Ares private credit fund
The firm’s perpetual nontraded BDC once again offered to repurchase 5% of shares outstanding in the second quarter to facilitate exits but was met with excess demand

Virginia, North Dakota among systems pursuing opportunistic, real estate credit
Ares Pathfinder III's fundraising from US public funds tops USD 1bn; North Dakota, Los Angeles commit to real estate debt funds

Ares's latest Pathfinder fundraise exceeds cap by USD 1bn as demand shifts to ABF
EXCLUSIVE: The latest USD 8.5bn Pathfinder III fund, which closed in just six months, originally had a hard cap of USD 7.5bn, Ares told Creditflux

Illinois, Sacramento County among systems targeting asset-backed, real estate debt
Illinois commits USD 250m to direct lending, USD 35m to real estate debt; Sacramento, Louisiana pensions commit to USD 8.5bn Ares Pathfinder III

Direct lenders trade USD 5bn Dun & Bradstreet private credit loan at 95 cents on dollar
EXCLUSIVE: The giant USD 5bn unitranche, which brought together more than 20 direct lenders to back Clearlake’s acquisition of Dun & Bradstreet last year, is now being shown to private credit managers at a discount

Ares raises USD 8.5bn for alternative credit in under six months
Pathfinder III, which held a final close, was oversubscribed and will focus on asset-based finance investments

North Carolina, Wyoming among systems pursuing alternative credit strategies
North Carolina commits USD 500m, plans another USD 2.8bn; Wyoming, Texas, Illinois target ABL, tactical, opportunistic strategies

Ares’ semi-liquid BDC boosts borrowing capacity
Ares Strategic Income Fund, a semi-liquid private credit fund designed for individual investors, increased the amount of liquidity available on hand after an uptick in investor exit requests

New York, Connecticut among systems pursuing alternative credit strategies
NYSCRF allocates USD 450m to net-lease, GP stakes funds; San Diego, San Mateo pensions commit to asset-based finance funds

US CLO AAAs fall to 120bps as end of week sees USD 2bn worth of new issues price
Onex priced its latest deal with its triple As at 120bps above SOFR, while there were also half-billion-dollar new issues from Neuberger Berman, Ares and UBS

Ares expects first close this summer on data center fund
Ares has invested USD 10bn in digital space, seeing massive market opportunity

Virginia, Arkansas among systems expanding into alternative credit strategies
Recent Ares funds gain momentum with allocations from VRS, TCDRS; Arkansas Teachers plan multi-strategy credit SMAs with KKR, Brookfield

Ares to launch new private credit fund with USD 10bn-15bn equity target
The fund has the same equity target as its record-breaking predecessor, Ares Senior Direct Lending Fund III

Ares closes on USD 9.8bn for opportunistic credit
The manager, which held final close for its Ares Special Opportunities Fund III and related vehicles, is also now raising capital for its third alternative credit fund

Michigan, New Mexico make large bets on asset-based credit strategies
Michigan SIB commits USD 800m to Apollo, LGT credit funds; New Mexico SIC allocates USD 400m for Ares, Pemberton funds

Ares issues new CLO valued at over USD 700m
The deal priced almost USD 450m of senior triple A paper at SOFR plus 122bps