Private Credit archive
Every Private Credit story, newest first. 419 stories
14 stories
- 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.
26 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.
- Direct Lending
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.
- BDCs
BDC Reporter updates Main Street Capital's dividend outlook for 2027
BDC Reporter's revised 2027 payout projection gives income investors a fresh benchmark for Main Street Capital's dividend.
- Direct Lending
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.
- Direct Lending
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.
- Fund launches & raises
Janus Henderson AAA CLO ETF draws $5.7bn in 2026 inflows
Year-to-date inflows make it the second-largest active fixed income ETF, a daily-liquidity buyer of triple-A CLO paper.
- The Wrap
Carlyle, CVC, Golub lead Creditflux's July CLO rankings
Creditflux's July tables show Carlyle near $10bn in US BSL, CVC first in Europe, and Golub at 10% in private credit.
- The Wrap
Mountain Point prices second CLO, keeps BofA as arranger
A second CLO six months after its debut starts to build a repeatable track record for the new manager.
- Direct Lending
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.
- BDCs
MidCap Financial may not last in current form, BDC Reporter says
The Apollo-managed BDC's latest conference call caused a stir over its future, according to the outlet.
- Direct Lending
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.
- Direct Lending
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.
- Fund launches & raises
LSTA filed a 2012 comment on the SEC's securitization conflicts rule
A gated, dated comment letter keeps the trade group on the record in a rulemaking CLO managers still watch.