Direct Lending: archive
Every Direct Lending story in Private Credit, newest first. 138 stories
3 stories
Bain pegs average buyout hold at seven years
TPG Twin Brook's Betsy Booth expects holds to stay above the three-to-five-year model lenders underwrote.
Obra Capital closes fifth CLO at $403.6 million
Obra CLO issuance passes $2 billion across five deals in under two years.
Tikehau deploys €943 million of credit in busiest 2026 quarter
Add-on loans to existing borrowers were about 45% of its direct lending deployment in the first nine months, the quarterly update says.
1 story
Sound Point hires Ninety One trio for European secured lending
Chris Rust and Lei Lei join as co-heads of European secured lending; the partnership is also intended to support completion of the Ninety One European Credit Opportunities Fund 1.
1 story
Arini closes inaugural European direct lending fund with $4bn-plus deployment target
Commitments came from pensions, sovereign wealth funds and other institutions; close to $2bn has already been deployed, Alternative Credit Investor reported.
3 stories
CIC Private Debt prices €403.75m Victory Street CLO III through BNP Paribas
The vehicle drew ten new investors alongside existing backers and priced above the €307.5m August reset of Victory Street CLO I.
iwoca adds €185m German line with ABN AMRO senior, Neuberger mezzanine
The refinancing takes iwoca's total German commitment past €560m as it targets a €1bn loan book by 2028.
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.
2 stories
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.
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.
3 stories
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.
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.
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.
1 story
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.
2 stories
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.
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.
2 stories
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.
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.
3 stories
Brightwood Capital Advisors prices tenth CLO at $253.55m with GreensLedge as placement agent
The middle-market manager says it received indications of interest for notes rated AAA through BB from insurers, banks and asset managers.
Lender commentary uses April 2025 bank survey to argue for broader underwriting
The Middle Market Growth piece includes a $5 million loan example and an $80 million-revenue business; its bank-tightening argument cites older survey data.
Symetra closes second CLO at $459m, upsizing from $400m
The manager says the deal carries a two-year non-call period and a five-year reinvestment period.
2 stories
Triple Point lends £55m to Perch Group in £400m package
The Blackpool debt purchaser adds a non-bank lender to a group that already includes NatWest, Hampshire Trust Bank, Shawbrook, Paragon Bank and Lloyds.
M&G rehires Duncan Batty to lead real estate finance arm with £14bn-plus deployed
Batty spent 12 years at M&G, latterly as co-head of real estate finance, and joins from Revolut, where he led commercial real estate lending.
1 story
Endowus launches first standalone European direct lending strategy with CVC
The CVC-backed vehicle is open to investors in Singapore and Hong Kong, but the announcement omits target size, minimum commitment, fees, liquidity terms and vehicle structure.
2 stories
Barings names Sloan Sutta global head of its $60bn asset-based finance platform
Sutta joins from Crayhill Capital Management and reports to Martin Horne, with a remit to expand what the $60bn platform can underwrite.
Private credit sees opportunity in defence tech as mini prime contractors need capital
Connection Capital says it has held a defence tailwind view for six to nine months, and Celis research finds US investors supply 60 per cent of financing in European rounds above $200m.
1 story
Arrow Global's Toni McDermott maps three private credit origination models
The Private Debt Investor commentary argues the route a loan takes into a fund shapes what the end investor can underwrite, and Arrow's €5.2bn fundraising went more to legacy credit than new origination.
1 story
Apollo extends daily pricing to direct lending across $850bn credit book
The $1tn manager is carrying the cadence it launched on investment-grade products in July into loans that rarely change hands, where marks come from internal models rather than trades.
2 stories
LSTA reissues outbound-investment credit agreement guidance without naming pending Treasury amendments
The September 30 market advisory updates the May 4 exposure draft and offers model provisions for credit and pledge agreements, but the public summary stops short of identifying the two developments behind the expected changes.
Bank of England warns private credit vulnerable as financing conditions tighten
The FPC's September record flags elevated risk-taking and floating-rate debt-servicing pressure, with its private-market stress test still unpublished.
3 stories
Pemberton hires Investcorp's Courtman to run its €1.6bn CLO platform
Courtman starts in January 2027 as managing director and head of the CLO group, while Rob Reynolds steps back from the role to pursue other opportunities.
Värde Partners backs Valcia to take over its liquid credit fund
Valcia Asset Management would take over the 2023 Värde Liquid Credit Fund on 1 January 2027, pending regulatory approval.
SEC restates private credit valuation rules as registered-fund holdings reach $270bn
Kurt Hohl and Brian Daly say disclosure of the context around valuations and their inherent uncertainties can be material for investors in private assets.
3 stories
Golub Capital invests $5m in AI credit developer F2
The manager will run F2's software across screening, diligence, underwriting and monitoring, and David Golub will chair a new invitation-only AI council.
M&G prices fifth Margay European CLO, upsized to €457m
The first Margay print since Ontario Teachers' Pension Plan agreed in July to commit up to €200m to help scale M&G's European CLO business.
Iwoca lent £1.5bn to UK SMEs in 2025 as revenue rose 56%
The London fintech funded about 100,000 loans last year and launched a business credit card on 28 September 2026.
1 story
Orix sells 11 CLOs; the middle of the market thins
Anchorage's platform now runs $26.1 billion of CLO collateral. The fixed cost of managing a CLO does not shrink with the book.
2 stories
AI is thinning the analyst bench direct lending cannot spare
Creditflux's recruitment slowdown is a bet that software replaces the apprenticeship which produces workout lenders.
Britain's state bank is lending where private credit's economics stop
The second regional fund in a month puts £140m behind £25,000-to-£2m loans, a bracket no unitranche fund can originate at cost.
1 story
KKR's $350m equipment platform is an origination bet
The asset-based finance strategy has $91bn and no shortage of capital; what the $350m Akrapoint launch buys is a desk that finds mid-ticket collateral.