Private Credit archive
Every Private Credit story, newest first. 429 stories
3 stories
- The Wrap
Goldman, Phoenix form credit partnership; Japan PFA lifts alternatives to $19bn
Phoenix Financial gains access to Goldman Sachs Alternatives' private investment-grade, senior direct lending and opportunistic credit capabilities.
- Distressed & restructurings
Hamburg Commercial Bank hires Alantra's Fabrizio Sicilia to head NPL financing
Sicilia, who Alternative Credit Investor reports underwrote more than €200bn of non-performing exposure portfolios at Alantra, will be based in London and report to Bryant Lau.
- Direct Lending
Debrett's launches debt advisory team, hires FRP's Simon Sherliker to lead
Umito Choji joins as senior director; the UK adviser adds debt funding advice alongside its M&A work for mid-market clients.
6 stories
- The Wrap
Direct lenders shift origination toward energy, defence and hard assets
Investec's Greg Betz says activity has centred on "old economy sectors," while Canyon and Federated Hermes cite energy and defence spending, per Alternative Credit Investor.
- Direct Lending
Goldman Sachs, Phoenix Financial partner; Phoenix to deploy more than $4bn
The Israeli asset manager gains access to Goldman Sachs Alternatives' private investment-grade, senior direct lending and opportunistic credit capabilities.
- Direct Lending
Permira Credit prices $401.9m Menlo CLO VI, lifting liquid credit AUM to $9.5bn
The pricing is Permira Credit’s fifth CLO priced in 2026 and its 21st globally, according to Alternative Credit Investor.
- Fund launches & raises
Carlyle agrees to acquire $7.7bn Truist consumer loan portfolio
The unsecured personal loan pool is mostly fixed-rate, fully amortising loans to prime and super-prime borrowers.
- The Wrap
Main Street Capital's preliminary Q3 metrics point to a softer quarter, BDC Reporter says
BDC Reporter's weekly recap also says BDC common stocks dropped again in the week ended Oct. 9.
- Who's investing
Japan's Pension Fund Association lifts alternative holdings to about $19bn
Alternatives reached 21.3 per cent of the basic pension portfolio and 31.7 per cent of the corporate pension portfolio in the year to March 2026.
9 stories
- Distressed & restructurings
LSTA submits Third Circuit amicus brief in W.R. Grace on absolute priority
The trade group says its brief addresses the rule requiring a debtor's creditors be paid in full before stockholders recover.
- Fund launches & raises
Victory Park launches tokenized feeder for asset-backed credit fund
The Janus Henderson affiliate built the feeder with Tradable on Stellar; it expects quarterly liquidity and monthly stablecoin payouts.
- Who's investing
Liberty Mutual Investments, Elda River partner on $500m mid-market credit
The arrangement extends an existing relationship and broadens the senior credit financing Elda River can offer middle-market borrowers in energy and infrastructure, power and renewables, and energy efficiency.
- BDCs
Main Street Capital discloses preliminary third-quarter 2026 metrics
BDC Reporter, comparing the figures with second-quarter actuals, says they suggest a BDC performing more weakly than three months before.
- The Wrap
Monroe Capital lists Vienna ETN for lower-middle-market direct lending
The US dollar note, issued by PM Alpha Designated Activity Company, carries a $50,000 minimum and is not offered in the United States or to US persons.
- Direct Lending
Monroe Capital launches Vienna-listed ETN for lower middle-market direct lending
The US dollar-denominated note, issued by PM Alpha Designated Activity Company, carries a $50,000 minimum and is not offered in the US or to US persons.
- The Wrap
Arcmont CIO says US lender retreat reduced European mid-market competition
Arcmont is seeing extra spread, better terms and less leverage on mid-market loans, according to Mattis Poetter.
- Direct Lending
Kartesia Asset Finance deploys €88m across three asset-backed deals
The financings cover Spanish search-and-rescue helicopters, Spanish logistics equipment and US offshore-wind vessels.
- Direct Lending
Arcmont CIO Mattis Poetter says US lenders' retreat has reduced European mid-market deal competition
Mattis Poetter says Arcmont is often getting extra spread, better terms and less leverage on mid-market loans.
4 stories
- Fund launches & raises
Benefit Street Partners adds Encina team and $480m seed portfolio to ABF platform
A Franklin Templeton and BSP-affiliated fund acquires the Encina-originated commitments, and BSP says the combined platform can originate more than $3bn a year.
- Fund launches & raises
New Holland Capital acquires majority stake in municipal credit manager Foundation Credit
New Holland, which runs more than $8.3bn in absolute return strategies, will invest in Foundation's municipal credit and infrastructure debt strategies.
- Direct Lending
Star Mountain hires Comvest co-founder Daniel Lee for origination
Lee joins from Comvest Capital Partners, where Star Mountain said the direct lending platform grew to $12bn over his 14 years there.
- The Wrap
Moody's estimates 35% of US life insurer investments go to private credit
The NAIC review of the rated-note feeder structures insurers use to reach the asset class is ongoing.
5 stories
- Fund launches & raises
Ares files two feeders for Infrastructure Debt VI
SEC Form D notices for Ares, BH3, Blackstone Credit and Astatine vehicles list no offering amount and $0 sold.
- Who's investing
Moody's says US life insurers use rated note feeders to reach private credit
Moody's Ratings estimates 35% of US life insurance investments go toward private credit, and a NAIC review of the structures is ongoing.
- The Wrap
Bridgepoint, GFH Bank and AIP Capital are building a $1bn engine leasing platform
GFH Bank holds the cornerstone investor and strategic partner roles, and AIP Capital will lead engine sourcing and trading as the partners raise outside capital.
- Fund launches & raises
Pemberton opens Tokyo office to serve Japanese demand for European credit
The $34bn manager names Jun Narui to lead the office and plans a second Asia office.
- Fund launches & raises
Bridgepoint, GFH Bank and AIP Capital build $1bn aircraft engine leasing platform
GFH Bank is the cornerstone investor and strategic partner; AIP Capital will lead engine sourcing and trading as the partners raise outside capital.
6 stories
- Direct Lending
Private credit managers shift lending from software to manufacturing and defence
Investec's Greg Betz says activity has centred on "old economy sectors," while Canyon and Federated Hermes point to energy and defence spending, according to Alternative Credit Investor.
- Direct Lending
Canyon Partners names Chris Hansen partner and chief information officer
He joins from TPG Angelo Gordon, where he led a cloud migration and a rebuild of its portfolio analytics platform.
- Fund launches & raises
NorthWall appoints Attila Takacs as co-portfolio manager of its CLO platform
He joins from Sound Point Capital, where he worked across nine European CLOs with €3.8bn of assets under management.
- The Wrap
M&G seeds £74m private credit LTAF in part with with-profits cash
The Diversified Private Credit Feeder LTAF targets UK defined contribution schemes and sits inside M&G's £28bn private and structured credit platform.
- The Wrap
Apollo extends daily pricing as Deloitte finds 4% fully revalue daily
Deloitte counts 48% of private credit fund groups refreshing valuations daily on observable market inputs, while BlackRock puts first-lien software loans at about 97% of cost in the second quarter.
- Fund launches & raises
M&G launches £74m private credit LTAF seeded in part by with-profits fund
The Diversified Private Credit Feeder LTAF targets UK defined contribution schemes and sits inside M&G's £28bn private and structured credit platform.
1 story
- BDCs
BDC common stocks drop again in week ended October 9
BDC Reporter's weekly recap reviews the sector and several BDCs in the news and lays out where the sector stands year to date.
6 stories
- The Wrap
Tokio Marine anchors $300m first close of BlueOrchard and IFC's $2bn emerging-market debt fund
The evergreen vehicle targets pension funds, insurers and sovereign wealth funds.
- Fund launches & raises
CVC Credit prices roughly €400m Cordatus XXXIX, its second European CLO of 2026
CVC CLO Equity IV takes the majority of the equity tranche, and CVC says its 13 European CLO transactions this year make it the market's most active issuer.
- Direct Lending
BlackRock: software loan markdowns reflect AI uncertainty, not weaker Ebitda
First-lien software loans were valued at about 97 per cent of cost in the second quarter, while Lincoln data shows software borrowers grew adjusted Ebitda faster than the wider pool.
- Direct Lending
WhiteHorse Capital builds asset-based finance platform with Alex Knowland and Brenden Gallinek
Knowland says he runs originations for the specialty finance business and Gallinek structures the loans, on a Middle Market Growth episode sponsored by WhiteHorse.
- Fund launches & raises
Deloitte: 48% of fund groups refresh private credit daily using observable market inputs
Only 4% carry out a full daily update that revisits unobservable inputs, cash flow assumptions and methodology; Apollo has begun extending daily pricing across its $850bn credit business.
- Fund launches & raises
BlueOrchard and IFC seek $2bn for emerging market private debt fund
Tokio Marine Group anchored the $300m first close of the evergreen vehicle, which is aimed at pension funds, insurers and sovereign wealth funds.