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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

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.

The Wrap

Pemberton hires CLO head as Kartesia prices €459m and Värde hands off liquid fund

Kartesia's €459m debut clears at +129bp without arranger participation, four months after its loan-management launch.

BDCs

9fin's Q2 BDC watchlist flags 118 credits marked down 5 points or more

Information technology accounts for just under 36% of the $4.19bn in affected fair value, and more than half the credits mature in 2029 or sooner.

Fund launches & raises

Metrics Credit Partners suspends redemptions after KPMG valuation dispute

The Australian manager, which runs around A$40bn, halted trading in three ASX-listed funds and marked them down by as much as 12.16 per cent.

Direct Lending

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record flags elevated risk-taking and floating-rate debt-servicing pressure, with its private-market stress test still unpublished.

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