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.
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All Private Credit Daily reporting, newest first.
Four managers price nearly $2bn of US CLO resets
Onex, KKR, Ares and Kennedy Lewis repriced seasoned vehicles, showing where private credit liability demand stands.
Crestline's second European capital solutions fund closes at $625m
Nearly 75 percent above Fund I, the final close points to allocator appetite for collateral-backed lending in Europe's lower middle market.
PGIM backs GreenSky with $3bn home improvement forward flow
The three-year facility puts PGIM's asset-based finance platform at the consumer end of the housing value chain.
Private credit secondary market gets two trading engines
Large unitranches and semi-liquid fund redemptions are driving early volume, even as Europe's take-off lags.
M&G puts special-situations credit inside an ELTIF
A retail wrapper for the niche Private Debt Investor calls the most attractive since the financial crisis.
Moody's: CLO firebreak contains single-obligor risk
Moody's says CLO concentration limits are the wall a single borrower's exposure hits first.
Saratoga's unsecured borrowing will test the BDC funding market
A mid-market BDC's hundreds of millions in unsecured paper will reveal how much demand the BDC funding market has left.
Eagle Point leads $1.3bn holdco loan in Anthropic data center financing
A CLO specialist's infrastructure team is taking holding-company risk inside Anthropic's $16bn Texas data center buildout.
New York Life, Invesco price CLOs at tighter end
Roughly $970 million of CLO paper cleared without forcing issuers to pay up.
NAIC fast-tracks Apollo securitization bond ruling
A fast-track NAIC review will decide whether insurers can book Apollo's AMAPS and APADS as bonds, setting the cost of insurance capital for private credit securitizations.
Ninety One closes $404m Africa credit fund
The final close adds capital to an emerging-market credit series that has deployed $1.4 billion.
CLO collateral quality improving, three investors tell Creditflux
Anonymous investor views in an August 14 Creditflux report point to better CLO collateral metrics; the underlying data stays behind the paywall.
Wider manager return gaps make some LPs wary of sponsored lending
Private debt allocators weigh manager dispersion and disputed market data as some grow cautious on sponsor-backed direct lending, according to Private Debt Investor.
Carlyle Sees New European CLO Managers Pressuring Arbitrage
Carlyle's new European liquid credit head expects an influx of CLO managers to compress the trade's returns further.
CPP Investments posts strongest quarter in more than a decade
The pension fund also committed US$1bn to Blackstone Private Credit Fund while selling legacy European non-performing loans.
NVIDIA's $500 billion compute push picks six incumbents
A first list of six asset managers puts AI infrastructure credit in the hands of balance-sheet incumbents.
Northleaf closes first asset-based specialty finance fund at $450m
A $450m final close formalizes a $1.4bn track record in low-correlation private credit.
CarVal prices $505m US CLO with Deutsche Bank
Creditflux reports Carval CLO XIII-C, a $505m new issue in the US CLO market.
Kohlberg prices $448m private credit CLO, second of 2026
The mid-market specialist's repeat deal signals CLOs are now a routine funding tool.
GPs pitch opportunistic credit as an all-weather evergreen
Private Debt Investor reports managers are selling opportunistic strategies as open-ended capital for every stage of the cycle.
Andalusian's $200m quarter leans on repeat borrowers
Twelve of 22 deals were follow-ons, and the platform's deployment hit a record.
Leveraged loan sentiment sours as February tariff worries bite
Secondary prices tumbled and opportunistic borrowers pulled back even as new-issue spreads held near decade tights.
Private credit caught between an oil shock and an AI boom
Fitch's 2026 forecast splits between an oil shock and an AI boom, and private credit feels both.
Private investors should seek defence specialists beneath the primes
Connection Capital argues durable defence opportunities sit with founder-led, software and dual-use technology companies below the major contractors.
Neuberger tokenized fund puts CLOs and leveraged loans on-chain
The $230bn manager's Securitize-built fund brings the private credit income stream to on-chain investors.
Private credit finds its liquidity valve in CLOs
Managers are resetting and securitizing seasoned direct-lending portfolios, and a retail ETF is providing the bid that makes the math work.
Churchill launches capital solutions strategy with King Street hire
The Nuveen unit's new desk for customized financing shows where Churchill expects demand as direct lending volume sags.
Latin America's private credit growth runs into regulation
PDI points allocators to investment-grade and asset-backed paper in Latin America; heavy-handed local regulation is the obstacle.
BDC Reporter's post-Fed view: prices stay under pressure
BDC Reporter's July 30 investment view says the Fed's no-move leaves BDC shares without the support a rate bump might have offered.
Bridgepoint resets first CLO for €307.85m, extends reinvestment to 2031
The reset lowers the vehicle's cost of capital and stretches its reinvestment horizon to 2031, per ACI.
LSTA's 2012 CLO conflict letter awaits an SEC answer
The trade group's comment on the SEC's securitization conflict proposal predates today's CLO market. No final rule has landed since.
BDC stocks pause after relief rally leaves ground shifted
The sector's biggest weekly ETF gain in years gave way to a flat week, with BlackRock TCP's portfolio sale a reminder of what relief buying can't fix.
Danish pensions anchor Urban Partners' €200m real estate credit close
Industriens Pension and Lægernes Pension supplied the first-close capital for the firm's second property debt vehicle.
Middle-market leverage nears 2021 peak, platform debt lags
Total debt coverage is back near its high-water mark while platform senior lending stays at a cycle low.
CIC Private Debt resets Victory Street CLO I at €307.5m
Tier-one pricing helped keep nearly 90% of the existing investor base in. The third CLO is next.
Manager selection becomes the H2 2026 return driver
Wider return spreads make the manager pick the decisive call for allocators in H2 2026.
Janus Henderson's AAA CLO ETF tops $30bn as demand swells
The $5.7bn that has flowed into JAAA this year shows retail demand for CLO paper has staying power.
Serone hires three, targets first US CLO by year-end
Serone's year-end goal would add a new issuer to the US CLO primary market as direct lending cools.
TPG Twin Brook argues for underwriting discipline
Conservative leverage and active portfolio management, the firm's executives tell Private Debt Investor, will separate the managers who hold the line from those who don't.
BDC Reporter splits verdicts on Golub and Capital Southwest
Two performance reviews separate a miss from a match, giving allocators a test for the rest of BDC earnings.
KKR reopens Lending Partners shelf with $624m static CLO
The static, non-reinvesting deal turns an existing KKR portfolio into rated term funding while direct-lending volume stays thin.
BDC Reporter updates Main Street Capital's dividend outlook for 2027
BDC Reporter's revised 2027 payout projection gives income investors a fresh benchmark for Main Street Capital's dividend.
Silver Point buys Learning Care 2028 loan as Ares, Carlyle sell
A distressed-debt specialist takes the other side as two big private-credit managers trim the same 2028 term loan.
Capital One's fund-side buildout points to NAV-lending territory
The bank's new Capital Solutions mandate puts it next to the fund-finance business private credit runs on.
Janus Henderson AAA CLO ETF draws $5.7bn in 2026 inflows
Year-to-date inflows make it the second-largest active fixed income ETF, a daily-liquidity buyer of triple-A CLO paper.
Carlyle, CVC, Golub lead Creditflux's July CLO rankings
Creditflux's July tables show Carlyle near $10bn in US BSL, CVC first in Europe, and Golub at 10% in private credit.
Mountain Point prices second CLO, keeps BofA as arranger
A second CLO six months after its debut starts to build a repeatable track record for the new manager.
LSTA sets a documentation baseline for private credit
The LSTA's model provisions apply its syndicated loan forms to private credit, with a blackline to show the changes.
MidCap Financial may not last in current form, BDC Reporter says
The Apollo-managed BDC's latest conference call caused a stir over its future, according to the outlet.