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Friday, October 2, 2026The Morning Brief →Sign in

The Direct Lending Desk 10 stories this week · 112 total

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.
August 20

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.
August 20

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.
August 19

New York Life, Invesco price CLOs at tighter end

Roughly $970 million of CLO paper cleared without forcing issuers to pay up.
August 19

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.
August 19

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.
August 19

CarVal prices $505m US CLO with Deutsche Bank

Creditflux reports Carval CLO XIII-C, a $505m new issue in the US CLO market.
August 19

Kohlberg prices $448m private credit CLO, second of 2026

The mid-market specialist's repeat deal signals CLOs are now a routine funding tool.
August 19

Andalusian's $200m quarter leans on repeat borrowers

Twelve of 22 deals were follow-ons, and the platform's deployment hit a record.
August 19

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.
August 19

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.
August 18

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.
August 18

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.
August 18

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.
August 18

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.
August 18

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.
August 18

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.
August 18

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.
August 18

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.
August 18

KKR and Sculptor bring seasoned European CLOs back to market

Avoca XXI and Sculptor CLO VI reset through Citi and JPMorgan, a sign that seasoned European collateral still has carry.
August 18

CIFC and Palmer Square price third CLOs of 2026 at 121 bp

Repeat issuers hold new-issue spreads at 121 basis points while the direct-lending calendar turns quiet.
August 18

LSTA posts SLOO review, keeps it behind member wall

The trade group's second-quarter read on loan officer opinion is reserved for members.
August 18

TPG Twin Brook pitches lower mid-market as patience play

A sponsored feature argues the segment's pricing premium and protections go to lenders who stay committed.
August 18

NVIDIA signs six firms to $500 billion compute financing push

Memorandums of understanding could open a new private credit channel for AI infrastructure, but the hard terms are not public.
August 18

HPS: AI buildout moves private credit beyond buyouts

HPS says AI infrastructure loans are judged on counterparty strength, not technology calls.
August 18

Carlyle expects more amend-and-extends ahead of the 2028 wall

The firm's second-half outlook sees direct lenders pushing maturities past the wall.
August 17

PGIM takes full Deerpath control as credit consolidation accelerates

Minority stakes are turning into full buyouts in private credit's 2026 M&A wave.
August 17

US direct lending volume sinks below half its first-quarter pace

A quarter-over-quarter collapse of this size resets near-term calculations for lenders and allocators.
August 16
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