Private Credit archive
Every Private Credit story, newest first. 419 stories
7 stories
- 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.
8 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.
- The Wrap
Brightwood Capital Advisors prices $253.55m CLO with GreensLedge as placement agent
Insurers, banks and asset managers indicated interest in notes rated AAA through BB, Brightwood Capital Advisors said.
- Fund launches & raises
Partners Group launches evergreen multi-sector private credit income strategy
The $186bn private markets firm is offering the strategy to institutional and private wealth investors and targets high single-digit to low double-digit returns.
7 stories
- Direct Lending
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.
- The Wrap
Endowus launches CVC-managed European direct lending strategy in Singapore and Hong Kong
The announcement names the manager and the two markets but not target size, minimum commitment, fees, liquidity terms or vehicle structure.
- The Wrap
Liberty Mutual gets a $750m Orion option; HanseMerkur fund targets €500m
Orion and Liberty Mutual have jointly committed $240m so far to the Credit Income Strategy, and HanseMerkur Grundvermögen has already issued a €40m green loan.
- Direct Lending
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.
- Direct Lending
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.
- The Wrap
Debtwire counts 39 French H1 2026 restructuring mandates as lenders take ownership
The counted mandates cover €14.57bn of debt; Alvarez & Marsal ties lenders' stronger hand to a 2021 cram-down reform.
- The Wrap
Debtwire counts 39 French H1 2026 restructuring mandates as lenders take ownership
The counted mandates cover €14.57bn of debt; Alvarez & Marsal ties lenders' stronger hand to a 2021 cram-down reform.
2 stories
- Distressed & restructurings
France records 39 restructuring mandates in H1 2026 as lenders take ownership
Debtwire counted €14.57bn of debt across those mandates; Alvarez & Marsal ties creditors' stronger hand to a 2021 cram-down reform.
- The Wrap
M&G rehires Duncan Batty to lead real estate finance; Triple Point lends £55m to Perch Group
Batty returns to the £14bn-plus real estate finance arm after 12 years at M&G and a Revolut lending role; the Triple Point loan sits inside a £400m package with NatWest, Shawbrook and Paragon.