Direct Lending: archive
Every Direct Lending story in Private Credit, newest first. 141 stories
3 stories
Kohlberg prices $448m private credit CLO, second of 2026
The mid-market specialist's repeat deal signals CLOs are now a routine funding tool.
Andalusian's $200m quarter leans on repeat borrowers
Twelve of 22 deals were follow-ons, and the platform's deployment hit a record.
Private investors should seek defence specialists beneath the primes
Connection Capital argues durable defence opportunities sit with founder-led, software and dual-use technology companies below the major contractors.
15 stories
Latin America's private credit growth runs into regulation
PDI points allocators to investment-grade and asset-backed paper in Latin America; heavy-handed local regulation is the obstacle.
Bridgepoint resets first CLO for €307.85m, extends reinvestment to 2031
The reset lowers the vehicle's cost of capital and stretches its reinvestment horizon to 2031, per ACI.
Middle-market leverage nears 2021 peak, platform debt lags
Total debt coverage is back near its high-water mark while platform senior lending stays at a cycle low.
CIC Private Debt resets Victory Street CLO I at €307.5m
Tier-one pricing helped keep nearly 90% of the existing investor base in. The third CLO is next.
TPG Twin Brook argues for underwriting discipline
Conservative leverage and active portfolio management, the firm's executives tell Private Debt Investor, will separate the managers who hold the line from those who don't.
KKR reopens Lending Partners shelf with $624m static CLO
The static, non-reinvesting deal turns an existing KKR portfolio into rated term funding while direct-lending volume stays thin.
Silver Point buys Learning Care 2028 loan as Ares, Carlyle sell
A distressed-debt specialist takes the other side as two big private-credit managers trim the same 2028 term loan.
Capital One's fund-side buildout points to NAV-lending territory
The bank's new Capital Solutions mandate puts it next to the fund-finance business private credit runs on.
LSTA sets a documentation baseline for private credit
The LSTA's model provisions apply its syndicated loan forms to private credit, with a blackline to show the changes.
KKR and Sculptor bring seasoned European CLOs back to market
Avoca XXI and Sculptor CLO VI reset through Citi and JPMorgan, a sign that seasoned European collateral still has carry.
CIFC and Palmer Square price third CLOs of 2026 at 121 bp
Repeat issuers hold new-issue spreads at 121 basis points while the direct-lending calendar turns quiet.
LSTA posts SLOO review, keeps it behind member wall
The trade group's second-quarter read on loan officer opinion is reserved for members.
TPG Twin Brook pitches lower mid-market as patience play
A sponsored feature argues the segment's pricing premium and protections go to lenders who stay committed.
NVIDIA signs six firms to $500 billion compute financing push
Memorandums of understanding could open a new private credit channel for AI infrastructure, but the hard terms are not public.
HPS: AI buildout moves private credit beyond buyouts
HPS says AI infrastructure loans are judged on counterparty strength, not technology calls.
2 stories
Carlyle expects more amend-and-extends ahead of the 2028 wall
The firm's second-half outlook sees direct lenders pushing maturities past the wall.
PGIM takes full Deerpath control as credit consolidation accelerates
Minority stakes are turning into full buyouts in private credit's 2026 M&A wave.
1 story
US direct lending volume sinks below half its first-quarter pace
A quarter-over-quarter collapse of this size resets near-term calculations for lenders and allocators.