White Oak buys niche lender FNCC
White Oak Global Advisors has acquired specialist direct lender Federal National Commercial Credit (FNCC), in a bid to “focus on growing its asset-based lending platform”

Blackstone taps Australia's mortgage loan market with new acquisition
New York-based Blackstone is tapping into Australia’s lucrative mortgage loan market by acquiring an 80% stake in direct lending company La Trobe Financial

Dyal purchases minority stake in Cerberus's mid market credit unit
Neuberger Berman affiliate Dyal Capital Partners has purchased a minority stake in Cerberus Business Finance (CBF), the middle-market direct lending unit of Cerberus Capital Management

First Eagle completes deal to buy NewStar
New York-based First Eagle Investment Management has completed its previously announced acquisition of Boston-based direct lending specialist NewStar Financial

NewStar sale set to go ahead after no further bids emerge
New York-based First Eagle Investment Management looks set to get its hands on mid market credit manager NewStar Financial after the end of a 30-day “go-shop” period

BNP Paribas acquires stake in SME credit specialist Caple
BNP Paribas Asset Management has acquired a 10% stake in Caple, which facilitates lending to small and mid-sized enterprises through a fintech platform

Mid-market lender NewStar agrees to sell itself for more than $500 million
New York-based asset manager First Eagle Investment Management announced this morning that it plans to buy mid-market loan specialist NewStar Financial

Private credit manager eyes merger amid tough fundraising conditions
A direct lender operating a in one of the sparsely-populated parts of the market is open to a strategic partnership with a fund manager after scrapping a fund launch 

Oaktree set to buy mid-market specialist Fifth Street, reports WSJ
Oaktree Capital Management is leading the chase to buy middle-market US lender Fifth Street Asset Management, according to a report by the Wall Street Journal

Dyal takes minority equity stake in private credit manager
Dyal Capital has acquired a minority stake in private credit manager Atalaya Capital Management

Fifth Street looks to quit CLO management as it winds down credit hedge fund
Fifth Street Asset Management is streamlining its business and its three middle-market CLOs and credit hedge fund will be cut as part of this process

Direct lenders look to spread their wings and cross the Atlantic
Middle-market lending is becoming a global business amid talks of JVs