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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

Apollo extends daily pricing to direct lending across $850bn credit book

The $1tn manager is carrying the cadence it launched on investment-grade products in July into loans that rarely change hands, where marks come from internal models rather than trades.

The Wrap

Golub Capital invests $5m in AI credit developer F2 and deploys it across underwriting

9fin's Q2 BDC watchlist shows information technology at just under 36% of $4.19bn in marked-down fair value, with more than half the flagged credits maturing by 2029.

Who's investing

Liberty Mutual gets option to deploy $750m with Orion Infrastructure Capital

The pair have jointly committed $240m so far to the Credit Income Strategy, which will sit inside Orion's existing infrastructure credit business.

Fund launches & raises

Oaktree closes debut asset-backed finance fund at $2bn

The Brookfield-owned manager raised the money across ABF I and related vehicles, with US public pensions and sovereign wealth funds among the backers.

The Wrap

Metrics Credit Partners suspends three ASX fund redemptions after KPMG valuation dispute

The Australian manager marked the vehicles down by as much as 12.16 per cent, and the coverage describes no borrower default behind the gate.

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