Direct Lending: archive
Every Direct Lending story in Private Credit, newest first. 138 stories
1 story
Antares prices $850M private credit CLO, AAA at 145bp
The upsized Antares CLO 2026-4 shows new-issue private credit collateral still has liability buyers.
2 stories
IFM opens Singapore office to push Asia private credit
The Australian pension-backed investor plans to put up to half of its $1bn private credit fund in Asia, backed by A$175m in Australian government support.
Arini hires Bain private equity partner to run hybrid capital
A buyout veteran moves into a credit seat as the firm leans into flexible financing.
4 stories
Pallas Capital secures £200m facility for UK bridging growth
A £200m senior line from a European debt fund gives the January-launched UK lender committed capital before it has a track record of its own.
KKR hires BofA, JPMorgan bankers for European credit
A former EMEA debt capital markets head and a JPMorgan M&A dealmaker join KKR as CLO resets make funding cheaper and sourcing assets the harder problem.
Faes & Co's London hire is a distribution move
Michael Tschirley joins from LendInvest to market the US residential bridge-loan fund to UK and European investors.
Blue Owl plants a Zurich flag for European private wealth
The firm's new Swiss base, led by a Schroders veteran, targets private banks and wealth managers as the private-credit distribution race crosses the Atlantic.
6 stories
Pollen Street backs £110m Morpheus bridge line
A senior line to Morpheus makes Pollen Street a funder to a funder, wagering on the lender's technology and underwriting.
Gordon Brothers pitches flexibility as asset-based lending's edge
The Feb. 3 PDI byline offers no numbers, just a bet that collateral, not narrative, will decide the next credit cycle.
Ares sees first real dispersion in direct lending in years
After years of uniform pricing, direct lenders are diverging, and allocators who buy the asset class on beta are underwriting yesterday's market.
Sound Point hires Cerberus MD to lead CRE capital formation
The $44bn manager's CRE credit book spans 167 loans and $4.3bn, and Faris AbiNader is the hire meant to fund the next leg.
MUFG's Japan platform makes origination the scarce asset
The bank's parallel talks with BlackRock and MSIM would rent out its corporate relationships instead of building a credit book from zero.
Ares prints $510M CLO at 121bp as new-issue meets reset
A fresh-issue print one basis point from last week's reset wave puts a floor under direct lending's funding costs.
1 story
LSTA draws fund-level ABLs into one diligence framework
Two new LSTA practice notes map collateral controls across cash-flow loans, operating-company ABLs, and CLO warehouses.
1 story
Private credit's $208bn half hides a tech pullback
CVC Credit's second-quarter report shows a widening gap between the capital flowing in and the assets managers are willing to touch.
3 stories
Velocity takes on Toorak's $3bn book and buys the platform that runs it
Velocity Financial is acquiring KKR-backed Toorak's business-purpose lending platform and taking over management of its $3bn loan portfolio, a consolidation play in direct lending.
BSP tells lenders to underwrite a wider rate path
Ahead of Jackson Hole, Benefit Street Partners' Anant Kumar says volatility should be priced in, not waited out.
Bridge's $500m supplier fund bets on order-backed lending
The Citi-backed platform is aiming to turn the retail payment cycle into a repeatable direct lending product.
3 stories
Noble puts debt and exits under one capital markets hire
The $5bn hospitality manager adds Matt Noland to a role spanning debt origination and strategic asset realizations, as exits become the scarce skill in direct lending.
Sona hybrid CLO opens Europe's private credit market to smaller managers
The BSL/private credit structure lowers the scale barrier that kept European CLO funding in the hands of the largest direct lenders.
Victory's real prize in First Eagle deal is a CLO engine
The $41bn CLO platform inside the transaction gives Victory the machinery to fund its private credit book in-house.
3 stories
Four managers price $1.8bn of US CLOs into summer break
Fresh issuance from Sixth Street, FS, Aegon and Polus shows the funding valve is still open, and who prints now may set next cycle's cost of capital.
The new front in credit: staffing the syndication desk
A staffing spree across banks and private credit managers shows the two loan markets are becoming one—and the prize is control of the mark.
European direct lending hits a half-year record as Q2 volumes slide
Debtwire's league table shows a front-loaded 2026: a record first half, a 25% second-quarter drop, and Ares atop a concentrated market.
1 story
Partners Group exits Gong cha, adds $1bn Asia mandate
A 2019 sole-lender package realizes on Bain Capital's acquisition, and a fresh $1bn senior-and-junior mandate says the Asia bet is only moving.
1 story
Park Square's credit pitch is selection, not exposure
The pitch fits a crowded market; the next vintage will decide.
2 stories
LSTA's latest credit forms adjust the market's baseline
The trade group's revised templates are the default starting point for direct-lending documentation, and a short list of clarifications still moves the terms of the next wave of deals.
LSTA survey gives private credit a benchmark to live up to
The trade group's landmark survey promises a common measure of size and leverage; the release offers no figures and no commitment to repeat the work.
1 story
Onex and Aristotle Pacific keep the CLO reset wave rolling
Two managers brought $756 million of CLO paper to market this week, extending a reset wave that now governs which private credit managers can keep their cost of capital low.
3 stories
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.
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.
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.
8 stories
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.
New York Life, Invesco price CLOs at tighter end
Roughly $970 million of CLO paper cleared without forcing issuers to pay up.
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.
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.
CarVal prices $505m US CLO with Deutsche Bank
Creditflux reports Carval CLO XIII-C, a $505m new issue in the US CLO market.
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.