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.
Features
Private Credit Daily feature reporting and analysis, newest first.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Tikehau lists private credit ELTIF on iCapital; StepStone and ASB launch Shari'ah fund
Tikehau's Luxembourg evergreen fund reaches wealth managers through iCapital's existing ELTIF 2.0 shelf; StepStone and ASB Capital's open-ended Shari'ah-compliant vehicle will lend mainly to US middle-market companies.
Toni McDermott of Arrow Global maps three private credit origination routes
The Private Debt Investor commentary separates direct origination, bank partnerships and synthetic risk transfer, and Arrow Global's €5.2bn fundraising went more to legacy credit than new loans.
WhiteHorse Finance puts itself up for sale, BDC Reporter reports
The report names no buyer, price or timetable, as BDC Reporter called the sector's week one of its worst and Apollo pushed daily marks across an $850bn credit book.
Oaktree closes $2bn asset-backed fund as four managers still report zero sold
Oxford Finance raised $368m in five loans averaging above $70m, and Fidelity closed a $451m real estate debt fund.
Apollo extends daily pricing to $850bn credit book; Metrics gates three ASX funds
Apollo's $1tn platform carries the July cadence into direct lending marked from internal models, while 9fin's Q2 BDC watchlist puts information technology at just under 36 per cent of $4.19bn in marked-down fair value.
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.
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.
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.
Castlelake, Canyon, Barings and Cerberus file numbered credit funds with zero sold
All five Form D registrations show zero sold and no target raise, leaving structure as the only filled-in part.
New 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.
BDC shares fell again as the wider market rose, leaving third-quarter marks to explain why
A weekly price cannot separate a funding-cost repricing from a credit warning; the marks, especially loans held below 90, will show which.
Private credit's distribution war moves to the insurance shelf
BSP hired the coverage, Aegon built the wrapper, Enercon sold the pipeline. The three moves are one trade, and the firms building now are betting the anchor pool reprices later.
The wealth wrapper is now the product
Same-day moves from Blackstone and Infranity show private credit's next scarcity is the distribution shelf.
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.
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.
MSP Capital's £350m line is not the constraint
A £10 million ticket cap and a named Midlands hire show direct lending competition has moved from capital to boots-on-the-ground sourcing.
Europe's CLO top is pricing an insurer bid that hasn't landed
Two AAA prints and a debut at 124 have put a price on the 24-point hole in European life books before the money moves.
Fasanara’s debut CLO tests Europe’s loan-only pricing
No track record, same 124bp market: Fasanara’s debut CLO next week will show whether European buyers underwrite assets or brands.
Private credit's bottleneck moved from origination to the shelf
Amundi, CIFC, SVP and HarbourVest paid for allocator access in four currencies this week, as insurance balance sheets and UK pension defaults became the buyers worth reaching.
Private credit moves past property into data and tranches
Fina and BlueOrchard are importing data underwriting and securitization into new asset classes, while Hayfin's €15bn close forces origination beyond conventional lending.
Managers are filing 2027's wrappers before they have the money
Bessemer, BDT & MSD and BBR all put closed-end, sub-classed vehicles on file this week with zero dollars sold — a bet that access, not capital, is the scarce input in the next vintage.
Europe's direct lending record rests on a hedge
Hayfin's €15bn close is being bought as American diversification while European deal flow shrinks.
Private credit splits into originators and exposure buyers
Qupital's receivables round and Ares's Asia arranger mark the two sides of that funding trade.
Carlyle wrote a cheque, and the CLO reset stopped being free
Fresh equity is now the price of clearing vintage collateral, and Golub's second pass at the same 2020 book shows why.
A 25-basis-point gap now separates private credit's two senior funding markets
A seasoned CLO reset at SOFR plus 120 and a new-issue print at 145 set the spread; Ares Capital's unsecured notes will test what the balance-sheet route costs on the other side.
France makes private credit the default lender; football shows the scarcity premium is gone
A six-point gain in French deal share and a mid-single-digit football book mark the end of the scarcity premium in European private credit.
Blackstone’s October hybrid CLO will test the cost of private credit’s opacity
Sona’s second all-credit print and Eagle Point’s infrastructure move broaden the question of how far the CLO structure can stretch beyond broadly syndicated loans.
Europe's CLO New-Issue Shelf Is Open, and KKR Is Staffing for It
New European CLOs are pricing alongside a second Fair Oaks reset, and the hires that follow are aimed at sourcing collateral, not just trimming funding costs.
Direct lending finally prices manager selection
Ares reports the first real dispersion in years, and origination and distribution become the premium beta buyers cannot buy.
First-loss CBO risk becomes a standalone product
The CLO funding valve now trades the liability side of managers' own funds, with repriced feeders and new-issue shelves still open.
The CLO reset wave hits infrastructure
Eagle Point tests the structure on real-asset debt while Victory Capital buys the platform to fund its own private credit book.
Private credit secondaries start delivering
CVC's debut fund, Arrow's legacy-book haul and Velocity's Toorak takeover show seasoned loans are a deliberate strategy, not a distress trade.
The CLO complex runs two ways now
Symetra's new-issue print and Crescent's doubled equity fund show resets are not the only game in town.
Private credit finds a door into 401(k)s
Principal's CIT shelf puts fourteen private credit managers in front of default-fund assets as BDC books contract and CLO issuance strains.
BDC books shrink while CLO managers print $1.8bn
A 3.4% non-accrual rate and deliberate balance-sheet contraction have not slowed structured-credit issuance; the separation is the new funding reality.
Perpetual credit funds trade the deployment clock for patience
Clearlake and Callan filed evergreen-style credit vehicles the same week traditional drawdown funds kept raising, building capital that can afford to wait.
Partners Group monetizes Gong cha, funds $1bn Asia mandate
A 2019 sole-lender exit feeds a fresh $1 billion senior-and-junior Asia mandate while the core direct-lending market stays crowded; Park Square's selection-over-exposure pitch says the next vintage will separate the managers.
Hayfin's CLO sale talks mark the reset wave's exit trade
The CLO reset wave is now producing platform sales and equity-layer secondaries as arbitrage compresses.
Private credit's new frontier is the balance sheet
PGIM's GreenSky facility and Crestline's European fund are two versions of the same trade: financing asset pools, not corporate cash flows.
NAIC and Moody's mark the perimeter of private credit's leverage
A fast-track Apollo ruling and Moody's concentration-limit analysis turn fund-level leverage into a regulated asset class.