PGIM names Frankfurt-based head for DACH direct lending
The M&G hire puts a proven regional operator on sponsor-led origination as European direct lending volume sags.
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Claret beats target with €575m growth-debt fund
European growth debt has become an allocation lane: Fund IV closed 15 percent above target, with a third already deployed and an ELTIF channel for private wealth.
Blackstone sets October test for hybrid CLO
A euro-denominated hybrid blending private credit and broadly syndicated loans would put Blackstone's private assets under public CLO pricing; October's print will show what that access costs.
Loan trading's second-quarter dip masks a record tape
Underwrite the $978 billion trailing volume, not the quarter that followed a record.
BCRED's redemption queue stabilizes, but the cap still binds
Blackstone's nontraded BDC broke its run of rising exit requests last quarter, but the 5% repurchase limit remains the constraint and the backlog unresolved.
Blue Owl borrows to grow; BDC Reporter wants spread math
The new debt is a growth trade whose spread math has not been disclosed.
Phil Tseng out at BlackRock TCP as credit stress persists
BlackRock's listed BDC has tapped a successor, but the underperforming credits weighing on the shares will outlast the corner-office handoff.
Oak Hill CLO reissue prices AAA debt under SOFR plus 120
A sub-120bp senior note print makes repricing a seasoned CLO cheap enough to widen the set of managers who can fund existing books through resets.
Antares prices $850M private credit CLO, AAA at 145bp
The upsized Antares CLO 2026-4 shows new-issue private credit collateral still has liability buyers.
IFM opens Singapore office to push Asia private credit
The Australian pension-backed investor plans to put up to half of its $1bn private credit fund in Asia, backed by A$175m in Australian government support.
Sona plans more all-credit CLOs in Europe
A second European print would turn the hybrid from proof of concept into a repeatable funding channel.
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.
Arini hires Bain private equity partner to run hybrid capital
A buyout veteran moves into a credit seat as the firm leans into flexible financing.
Goldman's ABF pitch is a construction argument
Kevin Sterling framed asset-based finance as a diversification play. The next asset-based finance sleeve from a large manager will show whether the line holds.
The PEI 200 ranks fundraising, not performance
Committed capital is not deployed capital, and the new North America-heavy list is best read as a map of fundraising momentum, not a quality rating.
Pallas Capital secures £200m facility for UK bridging growth
A £200m senior line from a European debt fund gives the January-launched UK lender committed capital before it has a track record of its own.
KKR hires BofA, JPMorgan bankers for European credit
A former EMEA debt capital markets head and a JPMorgan M&A dealmaker join KKR as CLO resets make funding cheaper and sourcing assets the harder problem.
European CLO pipeline stirs as reset wave rolls on
Capital Four, PGIM and Silver Point are set to price new deals while Fair Oaks markets a second reset of its 2019-vintage vehicle, keeping the funding valve open for private credit books.
LACERA puts Cheyne in charge of $750m credit mandate
The $93.9bn pension is folding hedge-fund and illiquid credit into one managed account rather than a series of separate commitments.
Faes & Co's London hire is a distribution move
Michael Tschirley joins from LendInvest to market the US residential bridge-loan fund to UK and European investors.
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.
Blue Owl plants a Zurich flag for European private wealth
The firm's new Swiss base, led by a Schroders veteran, targets private banks and wealth managers as the private-credit distribution race crosses the Atlantic.
Pollen Street backs £110m Morpheus bridge line
A senior line to Morpheus makes Pollen Street a funder to a funder, wagering on the lender's technology and underwriting.
Gordon Brothers pitches flexibility as asset-based lending's edge
The Feb. 3 PDI byline offers no numbers, just a bet that collateral, not narrative, will decide the next credit cycle.
Eagle Point turns to infrastructure CLOs as the BSL market crowds
The alternative credit firm is shifting into a corner of the CLO market with fewer players, testing whether the structure can fund long-duration real assets.
Ares sees first real dispersion in direct lending in years
After years of uniform pricing, direct lenders are diverging, and allocators who buy the asset class on beta are underwriting yesterday's market.
Crescent pitches CLO equity to insurers as a distribution play
The $232m fund's cash-on-cash yield is the hook as private equity's distribution drought pushes allocators to income-paying structured products.
Sound Point hires Cerberus MD to lead CRE capital formation
The $44bn manager's CRE credit book spans 167 loans and $4.3bn, and Faris AbiNader is the hire meant to fund the next leg.
MUFG's Japan platform makes origination the scarce asset
The bank's parallel talks with BlackRock and MSIM would rent out its corporate relationships instead of building a credit book from zero.
Ares prints $510M CLO at 121bp as new-issue meets reset
A fresh-issue print one basis point from last week's reset wave puts a floor under direct lending's funding costs.
Fortress bets two hires on Japan and EMEA savings shift
The $55bn manager is wagering that reform will push household cash off the sidelines in two markets where deposits still dominate.
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.
Four Australian institutions put A$705m into Arcmont’s European direct lending
A bespoke mandate for four Australian investors points private credit toward dedicated portfolios, with Europe the main beneficiary of US headwinds.
Shenkman raises $400m for a first-loss book on its own CBOs
A dedicated first-loss fund makes a forward bet against the reset wave.
New Mountain reprices $178M rated feeder via Wells Fargo
The $178 million repricing shows rated feeders have become standard funding tools.
AMMC, Warwick and Centerbridge keep the new-issue CLO shelf open
Three repeat issuers price through RBC, Nomura and SMBC Nikko, a sign the primary shelf remains open even as resets dominate the tape.
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.
Second quarter puts BDC books to the test
The market has already priced the downturn. Second-quarter reports will show which BDC managers accepted it.
Muted exits turn LPs toward emerging private credit managers
Private Debt Investor's LP Perspectives Study 2026 finds allocators weighing new-fund backing as the exit environment stalls.
KCPSRS sets private debt policy, reviews managers
A public pension plan moves on private credit, with the size of the allocation and the manager list still undisclosed.
LSTA draws fund-level ABLs into one diligence framework
Two new LSTA practice notes map collateral controls across cash-flow loans, operating-company ABLs, and CLO warehouses.
Blackstone prices the week's only Euro CLO as supply thins
The week's only new European CLO cleared at the tight; the empty calendar says supply, not demand, is the constraint.
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.
Private credit's $208bn half hides a tech pullback
CVC Credit's second-quarter report shows a widening gap between the capital flowing in and the assets managers are willing to touch.
Capital Southwest locks in 2026; 2027 is the test
BDC Reporter's review weighs whether Capital Southwest can hold its payout pace into 2027 and 2028.
Eagle Point readies first infrastructure CLO
A Creditflux exclusive says the alternative credit firm's debut is imminent, testing whether the CLO funding structure can work on infrastructure debt.
Jana launches A$270m trust to fix private credit's cash drag
Customised mandates with Arcmont and Jefferies Credit Partners give wholesale investors control over deployment and the fees they pay during ramp-up.
Crescent doubles CLO equity bet with $232m final close
The sophomore fund more than doubles its 2018 predecessor and keeps first-loss risk in-house.
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.
BridgeInvest banks $612M for open-ended RE credit fund
The Miami manager's open-ended fifth vintage is on pace to top $1 billion in LP commitments by 2027.