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.
Published Oct 1, 9:44 AM ET
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.
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.
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Kartesia prices debut European BSL CLO at €459m, upsized from €400m
Fund Watch · 2d ago
Pemberton hires Investcorp's Courtman to run its €1.6bn CLO platform
Direct Lending · 3d ago
Värde Partners backs Valcia to take over its liquid credit fund
Direct Lending · 3d ago
The CloseColumn →
A $407.7m Golub CLO print and the collateral question behind it
Golub priced $407.7m through BNP Paribas while CVC, Trinitas and Guggenheim moved through the pipeline; the real test is what the vehicles hold.
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The Credit OpenNew York Life takes majority stake in $20bn Invictus as M&G prices €457m CLO
The deal brings Invictus's Verus Mortgage Capital loan-sourcing platform under New York Life; M&G's fifth Margay CLO prints at €457m after Ontario Teachers' July €200m commitment.
The Credit Open
The wealth wrapper is now the product
Same-day moves from Blackstone and Infranity show private credit's next scarcity is the distribution shelf.
The Momentum
Private credit's 1.7% quarter came from the wrong sleeve
The composite improved on the sleeve allocators don't buy, and the week's deals show the industry paying for origination instead of capital.
Fund Flow
Blackstone pre-wires housing and structured credit with zero sold
Six credit vehicles filed on one Monday, none with a dollar raised: the containers for private credit's next wave now exist.
MovesThe full wire →
Movement coverage returns with the next weekday edition.
The Wire
Mar 31Onur Erzan — AllianceBernstein L.P. → AllianceBernstein L.P.
Mar 31Onur Erzan — AllianceBernstein → AllianceBernstein
Mar 31Onur Erzan
Mar 30Seth Bernstein — AllianceBernstein L.P. → AllianceBernstein L.P.
Jan 30Jase Auby
Dec 31Martin Seay, Richard Shaw
Fund WatchAll Fund Watch →
New York Life Investment Management takes majority stake in Invictus Capital Partners
The $20bn residential credit manager brings its Verus Mortgage Capital loan-sourcing platform under the $837.6bn insurer-owned asset manager, with no price or exact stake disclosed.
Oxford Finance raises $368m for asset-based lending within a year of launch
Five transactions from $25m to $160m average above $70m, leaving the first-year pool concentrated.
Blackstone wraps its perpetual funds for non-US wealth
One subscription, four asset classes — and a test of whether packaging now decides the wealth channel's economics.
Direct LendingAll Direct Lending →
SEC restates private credit valuation rules as registered-fund holdings reach $270bn
Kurt Hohl and Brian Daly say disclosure of the context around valuations and their inherent uncertainties can be material for investors in private assets.
Golub Capital invests $5m in AI credit developer F2
The manager will run F2's software across screening, diligence, underwriting and monitoring, and David Golub will chair a new invitation-only AI council.
M&G prices fifth Margay European CLO, upsized to €457m
The first Margay print since Ontario Teachers' Pension Plan agreed in July to commit up to €200m to help scale M&G's European CLO business.
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Earlier coverage
Direct Lending
Iwoca lent £1.5bn to UK SMEs in 2025 as revenue rose 56%
Direct Lending