Private Credit archive
Every Private Credit story, newest first. 431 stories
6 stories
- Direct Lending
Four managers price nearly $2bn of US CLO resets
Onex, KKR, Ares and Kennedy Lewis repriced seasoned vehicles, showing where private credit liability demand stands.
- Fund launches & raises
Crestline's second European capital solutions fund closes at $625m
Nearly 75 percent above Fund I, the final close points to allocator appetite for collateral-backed lending in Europe's lower middle market.
- Direct Lending
PGIM backs GreenSky with $3bn home improvement forward flow
The three-year facility puts PGIM's asset-based finance platform at the consumer end of the housing value chain.
- Direct Lending
Private credit secondary market gets two trading engines
Large unitranches and semi-liquid fund redemptions are driving early volume, even as Europe's take-off lags.
- Fund launches & raises
M&G puts special-situations credit inside an ELTIF
A retail wrapper for the niche Private Debt Investor calls the most attractive since the financial crisis.
- Distressed & restructurings
Moody's: CLO firebreak contains single-obligor risk
Moody's says CLO concentration limits are the wall a single borrower's exposure hits first.
20 stories
- BDCs
Saratoga's unsecured borrowing will test the BDC funding market
A mid-market BDC's hundreds of millions in unsecured paper will reveal how much demand the BDC funding market has left.
- Direct Lending
Eagle Point leads $1.3bn holdco loan in Anthropic data center financing
A CLO specialist's infrastructure team is taking holding-company risk inside Anthropic's $16bn Texas data center buildout.
- Direct Lending
New York Life, Invesco price CLOs at tighter end
Roughly $970 million of CLO paper cleared without forcing issuers to pay up.
- Direct Lending
NAIC fast-tracks Apollo securitization bond ruling
A fast-track NAIC review will decide whether insurers can book Apollo's AMAPS and APADS as bonds, setting the cost of insurance capital for private credit securitizations.
- Fund launches & raises
Ninety One closes $404m Africa credit fund
The final close adds capital to an emerging-market credit series that has deployed $1.4 billion.
- Who's investing
CLO collateral quality improving, three investors tell Creditflux
Anonymous investor views in an August 14 Creditflux report point to better CLO collateral metrics; the underlying data stays behind the paywall.
- Who's investing
Wider manager return gaps make some LPs wary of sponsored lending
Private debt allocators weigh manager dispersion and disputed market data as some grow cautious on sponsor-backed direct lending, according to Private Debt Investor.
- Direct Lending
Carlyle Sees New European CLO Managers Pressuring Arbitrage
Carlyle's new European liquid credit head expects an influx of CLO managers to compress the trade's returns further.
- Who's investing
CPP Investments posts strongest quarter in more than a decade
The pension fund also committed US$1bn to Blackstone Private Credit Fund while selling legacy European non-performing loans.
- The Wrap
NVIDIA's $500 billion compute push picks six incumbents
A first list of six asset managers puts AI infrastructure credit in the hands of balance-sheet incumbents.
- Fund launches & raises
Northleaf closes first asset-based specialty finance fund at $450m
A $450m final close formalizes a $1.4bn track record in low-correlation private credit.
- Direct Lending
CarVal prices $505m US CLO with Deutsche Bank
Creditflux reports Carval CLO XIII-C, a $505m new issue in the US CLO market.
- Direct Lending
Kohlberg prices $448m private credit CLO, second of 2026
The mid-market specialist's repeat deal signals CLOs are now a routine funding tool.
- Fund launches & raises
GPs pitch opportunistic credit as an all-weather evergreen
Private Debt Investor reports managers are selling opportunistic strategies as open-ended capital for every stage of the cycle.
- Direct Lending
Andalusian's $200m quarter leans on repeat borrowers
Twelve of 22 deals were follow-ons, and the platform's deployment hit a record.
- The Wrap
Leveraged loan sentiment sours as February tariff worries bite
Secondary prices tumbled and opportunistic borrowers pulled back even as new-issue spreads held near decade tights.
- The Wrap
Private credit caught between an oil shock and an AI boom
Fitch's 2026 forecast splits between an oil shock and an AI boom, and private credit feels both.
- Direct Lending
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.
- Fund launches & raises
Neuberger tokenized fund puts CLOs and leveraged loans on-chain
The $230bn manager's Securitize-built fund brings the private credit income stream to on-chain investors.
- The Wrap
Private credit finds its liquidity valve in CLOs
Managers are resetting and securitizing seasoned direct-lending portfolios, and a retail ETF is providing the bid that makes the math work.
14 stories
- Fund launches & raises
Churchill launches capital solutions strategy with King Street hire
The Nuveen unit's new desk for customized financing shows where Churchill expects demand as direct lending volume sags.
- Direct Lending
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.
- BDCs
BDC Reporter's post-Fed view: prices stay under pressure
BDC Reporter's July 30 investment view says the Fed's no-move leaves BDC shares without the support a rate bump might have offered.
- Direct Lending
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.
- Fund launches & raises
LSTA's 2012 CLO conflict letter awaits an SEC answer
The trade group's comment on the SEC's securitization conflict proposal predates today's CLO market. No final rule has landed since.
- BDCs
BDC stocks pause after relief rally leaves ground shifted
The sector's biggest weekly ETF gain in years gave way to a flat week, with BlackRock TCP's portfolio sale a reminder of what relief buying can't fix.
- Fund launches & raises
Danish pensions anchor Urban Partners' €200m real estate credit close
Industriens Pension and Lægernes Pension supplied the first-close capital for the firm's second property debt vehicle.
- Direct Lending
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.
- Direct Lending
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.
- Fund launches & raises
Manager selection becomes the H2 2026 return driver
Wider return spreads make the manager pick the decisive call for allocators in H2 2026.
- Fund launches & raises
Janus Henderson's AAA CLO ETF tops $30bn as demand swells
The $5.7bn that has flowed into JAAA this year shows retail demand for CLO paper has staying power.
- Fund launches & raises
Serone hires three, targets first US CLO by year-end
Serone's year-end goal would add a new issuer to the US CLO primary market as direct lending cools.
- Direct Lending
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.
- BDCs
BDC Reporter splits verdicts on Golub and Capital Southwest
Two performance reviews separate a miss from a match, giving allocators a test for the rest of BDC earnings.