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Private Credit Daily

from Private Wealth Daily

The edition as it went to readers: 5 stories.

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The lead

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.

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.

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.

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.

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.

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