Dechert LLP advised Golub Capital Partners, a market-leading direct lender and private credit manager, on a reset of Golub Capital Partners CLO 65(M)-R.The reset, the largest CLO transaction ever, is valued at US$2.494 billion and includes an equity...
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April 24, 2025, 07:46 AM
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MSCI and Moody’s Corporation will jointly create a first-of-its-kind solution to provide independent risk assessments for private credit investments at scale.As the private credit market continues to evolve and grow, the need for consistent standards...
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April 21, 2025, 08:10 AM
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Crayhill Capital Management, a $3 billion alternative asset management firm specializing in asset-based finance, announced the close of Crayhill Principal Strategies Fund III (“Fund III”) with approximately $1.31 billion of capital commitments...
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April 17, 2025, 08:05 AM
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KBRA released a series of three research reports that examine how tariffs, market volatility, economic uncertainty, fluctuating spreads, and other macroeconomic headwinds may impact various segments of private credit’s rated transactions, including...
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April 14, 2025, 07:45 AM
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WhiteHawk Capital Partners, a private credit investment manager, announced that Joseph “Joe” Wells has joined the firm as Managing Director. He will be based out of the firm’s Ponte Vedra, Florida office.Wells brings over 20 years of experience in...
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April 09, 2025, 07:45 AM
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Pantheon, a leading global private markets investor, closed a record $5.2 billion into Pantheon Senior Debt III (“PSD III”) and related vehicles, consisting of closed-end co-mingled funds, evergreen and rated insurance vehicles, and separately...
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April 09, 2025, 07:05 AM
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Canal Road Group (CRG) has secured a new $250 million credit facility agented by Sumitomo Mitsui Banking Corporation (SMBC). The facility will be used to employ back leverage on CRG's private credit portfolio and complements a similar $250 million...
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April 04, 2025, 07:35 AM
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Alternative Fund Advisors ("AFA") announced that the AFA Private Credit Fund has been renamed AFA Asset Based Lending Fund (AMCLX) to help investors quickly recognize the fund's strategy amid the growing number of private credit options available in...
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April 03, 2025, 07:00 AM
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Mitsubishi HC Capital America is strengthening its position in the rapidly growing private credit market with the strategic addition of Ricardo Nunes.As private credit continues to gain traction as a vital source of capital for middle-market...
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March 20, 2025, 08:15 AM
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Liquidity, the global multibillion dollar AUM asset manager specializing in growth-stage private credit, announced the closing of a structured credit facility of up to $450 million. The facility is anchored by senior debt from KeyBank, with the...
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March 20, 2025, 08:00 AM
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Lincoln Financial, a leading provider of insurance, annuities, group benefits and retirement solutions, announced its expansion into the rapidly growing private markets industry, partnering with Bain Capital, a leading global private investment firm...
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March 19, 2025, 08:30 AM
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DWS and Deutsche Bank announced the launch of a strategic cooperation to develop private credit origination and investment opportunities for DWS clients across the private credit space. As part of the cooperation, DWS will have preferred access to...
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March 19, 2025, 08:25 AM
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Wingspire Capital provided a $30 million revolver to Digital Media Solutions, Inc. The transaction was made in conjunction with Digital Media Solutions’ emergence from Chapter 11 bankruptcy reorganization and the completion of a court-supervised sale...
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March 17, 2025, 08:00 AM
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Blackstone announced that the Blackstone Private Multi-Asset Credit and Income Fund (BMACX) has been declared effective by the U.S. Securities and Exchange Commission.This marks a significant milestone for BMACX, which will aim to provide individual...
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March 11, 2025, 08:15 AM
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ITE Management, L.P. (“ITE”), a leading alternative asset manager focused on transportation infrastructure, announced a strategic minority investment from funds managed by Blackstone Credit & Insurance (“BXCI”). The investment and strategic...
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March 06, 2025, 08:00 AM
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Northleaf Capital Partners (“Northleaf”), a leading global private markets investment firm, announced that it held the final closing for Northleaf Private Credit III (“NPC III” or the “Fund”). In aggregate, Northleaf raised more than US$1 billion in...
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March 04, 2025, 08:10 AM
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Churchill Asset Management, the U.S. private capital investment-specialist of Nuveen, closed a $750 million middle market collateralized loan obligation (“CLO”), Churchill Middle Market CLO V LLC (“CLO V”), on February 25, 2025. This transaction...
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February 26, 2025, 08:04 AM
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J.P. Morgan announced a significant expansion to its private credit commitment. The firm is allocating $50 billion from its balance sheet, along with nearly $15 billion from multiple co-lenders. This strategic move is designed to extend the firm’s...
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February 25, 2025, 08:12 AM
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Runway Growth Capital announced that Greg Greifeld has been promoted to Chief Investment Officer. In his new role, Greifeld will oversee Runway's investment strategy, deal structuring, and portfolio management as the firm continues its mission of...
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February 24, 2025, 08:10 AM
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ATC Managers, a direct private lender specializing in flexible real estate financing, successfully closed a loan for the acquisition and refinance of a multifamily portfolio spanning Los Angeles, Miami, Dallas, Phoenix and Atlanta.The portfolio...
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February 14, 2025, 07:00 AM
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Oaktree Capital Management announced the final close of Oaktree Opportunities Fund XII (“Opps XII” or “the Fund”), with approximately $16 billion of commitments, including co-investment and affiliated vehicles.“Oaktree’s Global Opportunities strategy...
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February 13, 2025, 08:15 AM
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o15 Capital Partners (o15), a mission-driven alternative investment firm dedicated to providing growth capital to undercapitalized companies and communities, successfully closed its inaugural fund, o15 Emerging America Credit Opportunities Fund LP...
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February 07, 2025, 08:00 AM
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Ares Management Corporation appointed Kipp deVeer and Blair Jacobson to the newly created positions of Co-Presidents, effective immediately. Both deVeer and Jacobson will report to Michael Arougheti, Ares’ Chief Executive Officer. deVeer and Jacobson...
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February 06, 2025, 08:15 AM
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Ares Management Corporation announced that funds managed by its Credit Group closed approximately $13.8 billion in U.S. direct lending commitments across 90 transactions during the fourth quarter of 2024 and approximately $48.2 billion in direct...
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February 05, 2025, 08:15 AM
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Balbec Capital, an alternative investment manager with over $16 billion in platform assets, announced the successful final closing of InSolve Global Credit Fund VI (“IGCF VI”), which between the flagship fund and related vehicles, raised over $1.7...
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February 05, 2025, 08:05 AM
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Antares Capital, an alternative credit manager with approximately $80 billion in capital under management and administration, announced the appointment of Olga Kosters as Managing Director, Head of Credit Secondaries.Kosters will help oversee the...
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January 30, 2025, 07:50 AM
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Thoma Bravo announced the completion of fundraising in connection with its Thoma Bravo Credit Fund III at $3.6 billion in total available capital, including anticipated leverage. This represents the firm's largest credit pool of capital to date and...
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January 22, 2025, 08:15 AM
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Percent, a platform powering the modern private credit marketplace, released their 2025 Private Credit Outlook. This annual report highlights how private credit is one of the most resilient and dynamic asset classes in global finance, nearing $2...
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January 17, 2025, 08:10 AM
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The Goldman Sachs Group announced several actions to better serve corporate and investor clients and grow its business in private credit, private equity and other asset classes. The firm is creating the Capital Solutions Group, which will combine and...
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January 16, 2025, 08:15 AM
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Colbeck Capital Management raised $700 million in capital commitments for its third flagship fund, Colbeck Strategic Lending III (the “Fund” or “CSL III”), exceeding its target by 40%. The Fund received strong support from both existing Colbeck...
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January 16, 2025, 08:03 AM
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KBRA released research that considers the themes that matter for private credit in 2025.Key Takeaways
Trump 47 is expected to have a mixed impact on the private credit industry. The prospects for lower taxes and reduced regulations are likely to...
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January 15, 2025, 08:10 AM
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The private credit firm Flatbay Capital announces its 2024-2025 expansion initiative to broaden its market reach and visibility. Managing partners, Elliot Smith and Jorge Puig spearheaded the movement by promoting and hiring several employees in...
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January 15, 2025, 07:39 AM
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Optimism about the dealmaking environment has reached a five-year high, according to Citizens’ 2025 M&A Outlook. The 14th annual survey of 400 leaders at U.S. middle-market companies and private equity firms revealed that 54% of decision-makers...
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January 09, 2025, 08:20 AM
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Willow Tree Credit Partners, a fast-growing private credit alternatives firm, announced the closing of Willow Tree CLO II, a $502.3 million Collateralized Loan Obligation (CLO). Willow Tree's second CLO, closing within two months of its first CLO...
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January 09, 2025, 07:00 AM
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Mesirow, an independent, employee-owned financial services firm, has acquired Bastion Management, an asset-backed specialty finance lender. The acquisition closed on December 31, 2024.Founded in 2013 and based in Stamford, CT, Bastion is a private...
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January 07, 2025, 08:15 AM
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Audax Private Debt announced that, as Administrative Agent and Sole Lead Arranger, it provided a unitranche credit facility to support Morgan Stanley Capital Partners in their acquisition of Prescott’s (the “Company”). Prescott’s is a provider of...
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January 03, 2025, 07:50 AM
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Chicago Atlantic and Lineage Merchant Partners announced the execution of definitive merger agreements entered into by Vireo Growth, in which Chicago Atlantic is the largest stockholder, with three leading single-state operators: Proper Cannabis...
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December 30, 2024, 08:03 AM
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PennantPark Floating Rate Capital Ltd. (“PFLT”) upsized its credit facility, led by Truist Bank to $736 million from $636 million. Pricing on this facility remained unchanged at SOFR plus 225 basis points. The Credit Facility is secured by all of the...
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December 27, 2024, 08:10 AM
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BlackRock released its annual Private Markets Outlook mapping out how the sector, spanning geographies and asset classes, will evolve in the year ahead. Covering trends in private debt, infrastructure, private equity and real estate, the report helps...
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December 19, 2024, 08:07 AM
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Colbeck Capital Management, a leading middle-market private credit firm focused on strategic lending, announced that Gregory Budetti, former Director of Capital Partnerships and Investor Relations at Closed Loop Partners, LLC, has joined Colbeck as...
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December 19, 2024, 08:05 AM
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The TCW Group and Nippon Life Insurance Company announced that Nippon Life intends to commit up to $3.25 billion in additional anchor capital to TCW alternative credit strategies and increase its minority ownership stake in TCW in the future. The...
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December 13, 2024, 08:10 AM
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Audax Private Debt announced that, as Joint Lead Arranger, it provided a unitranche credit facility to support Sentinel Capital Partners in their acquisition of NSI Industries. NSI is a manufacturer and supplier of branded electrical and HVAC...
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December 04, 2024, 07:57 AM
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BlackRock and HPS Investment Partners, a leading global credit investment manager with approximately $148 billion in client assets, have entered into a definitive agreement for BlackRock to acquire HPS for approximately $12 billion, with 100% of...
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December 03, 2024, 08:15 AM
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Hercules Capital renewed and upsized its existing $225.0 million credit facility with Sumitomo Mitsui Banking Corporation (“SMBC”) with an upsized credit facility under which Synovus Bank, Customers Bank and Apple Bank, together with SMBC, have...
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December 03, 2024, 08:00 AM
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Marathon Asset Management and Webster Bank closed a senior-secured financing agreement for Sunbelt Modular, Inc. to support its acquisition by funds advised by Littlejohn & Co., LLC. Sunbelt is a leading designer and manufacturer of modular building...
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November 22, 2024, 08:05 AM
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Audax Private Debt announced that, as Administrative Agent and Sole Lead Arranger, it provided a unitranche credit facility to support Comvest Private Equity’s majority investment in Riccobene Associates Family Dentistry (“Riccobene”), a dental...
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November 20, 2024, 07:30 AM
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Silver Point Capital announced the final closing of Silver Point Specialty Credit Fund III, the latest fund in Silver Point's 21-year-old Direct Lending franchise. Inclusive of new commitments to other direct lending vehicles made during the...
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November 19, 2024, 08:20 AM
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Bain Capital completed fundraising for its latest Global Special Situations Fund, bringing the total amount raised for its second vintage of funds to $9 billion. This capital base includes Global Special Situations Fund II, which received $5.7...
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November 19, 2024, 07:00 AM
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During the first nine months of 2024, Encina Private Credit (“Encina”) provided over $355 million of first out enterprise value loans to a wide range of middle-market companies. Encina continued to partner with direct lenders and private equity...
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November 14, 2024, 07:00 AM
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Houlihan Lokey announced that Brad Boggess has joined as a Managing Director in its Capital Markets Group. Based in Atlanta, Boggess will leverage his deep finance and operational expertise as well as his senior-level relationships with countless...
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November 12, 2024, 08:15 AM
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Brightwood Capital Advisors, a private credit firm, and PhenixFIN Corporation, a publicly traded business development company, partnered with Insight Equity to provide a senior secured credit facility and preferred equity facility to support the...
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November 07, 2024, 07:45 AM
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Ares Management Corporation announced that funds managed by its Credit Group closed approximately $12.3 billion in U.S. direct lending commitments across 86 transactions during the third quarter of 2024 and approximately $44.5 billion in direct...
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November 04, 2024, 08:15 AM
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Ares Capital Corporation announced that James (“Jim”) R. Miller was appointed as Co-President to serve alongside current Co-President, Kort Schnabel. Concurrently, Ares Capital’s Board of Directors was expanded by one member. Mitchell (“Mitch”)...
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October 31, 2024, 08:15 AM
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Blackstone announced the final close of the first series of its evergreen institutional U.S. direct lending fund, Blackstone Senior Direct Lending Fund (“BXD”). Blackstone has closed on approximately $22 billion of investable capital for the...
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October 30, 2024, 08:12 AM
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5C Investment Partners (“5C”), an alternative investment firm focused on private credit, announced the commencement of investing activity as part of their senior direct lending platform. 5C will begin investing with $1.6 billion of available capital...
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October 29, 2024, 08:10 AM
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Nuveen Churchill Private Capital Income Fund (“PCAP”) and Nuveen Churchill Private Credit Fund (“NCPCF”) have entered into a purchase and sale agreement pursuant to which NCPCF will sell to PCAP substantially all of its assets, PCAP will assume...
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October 29, 2024, 08:00 AM
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Proskauer revealed the results of its Q3 2024 Private Credit Default Index (“Default Index” or the “Index”), with an overall default rate of 1.95%. The Q3 default rate is a decrease from 2.71% in the prior quarter. However, the overall default rate...
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October 25, 2024, 08:11 AM
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WhiteHawk Capital Partners, an asset based direct lending investment manager, announced the final closing of WhiteHawk Fund IV ("WH IV" or the "Fund"). With total equity commitments of over $1.1 billion, which includes WH IV and related vehicles. The...
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October 23, 2024, 08:02 AM
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Blue Owl Capital announced the five-year anniversary of its investment in Wingspire Capital, a premier asset-backed direct lender that operates two business units, Wingspire Equipment Finance and Wingspire Corporate Finance.Blue Owl Capital...
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October 23, 2024, 08:00 AM
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MidOcean Partners announced that Jon Fox, former President of the alternative investment firm Värde, has joined the firm as Global Head of Capital Formation. Fox brings several decades of leadership and alternative asset management experience to...
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October 17, 2024, 09:12 AM
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Apollo closed Apollo Origination Partnership Fund II (“AOP II” or “Fund II”) with approximately $4.8 billion of investable assets. This brings total assets raised for the Apollo Large Cap Direct Lending business to approximately $13.3 billion in just...
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October 16, 2024, 08:15 AM
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Bloomberg Law reported that Blue Owl Capital's CEO, Doug Ostrover sees asset-based lending as “the next big boom” in private credit as regional banks retreat from the space.According to the Bloomberg Law report, Ostrover said that Blue Owl Capital...
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October 16, 2024, 08:14 AM
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Churchill Asset Management and Arcmont Asset Management, the U.S. and European asset management companies of Nuveen Private Capital, today appointed Moshe Bajnon as Senior Managing Director, Global Head of Private Wealth, effective October 29, 2024....
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October 14, 2024, 07:53 AM
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Middle market private companies in the Golub Capital Altman Index grew earnings by 8% during the first two months of the third quarter of 2024. Revenue grew 5% during the same period.Lawrence E. Golub, CEO of Golub Capital, said, “Solid revenue and...
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October 10, 2024, 07:55 AM
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Ares Management Corporation has entered into a definitive agreement to acquire the international business of GLP Capital Partners Limited and certain of its affiliates, excluding its operations in Greater China (“GCP International”), and existing...
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October 08, 2024, 08:15 AM
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Bloomberg reports that banks are capitalizing on lower interest rates to claw back corporate debt deals from private credit funds.According to the report, based on Bank of America Corp. research, almost $30 billion of private debt has been refinanced...
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October 04, 2024, 08:18 AM
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Portage Point Partners, a business advisory, interim management and investment banking firm serving middle market stakeholders, announced a strategic minority growth investment from New Mountain Capital, a growth-oriented investment firm with over...
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October 03, 2024, 08:10 AM
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Janus Henderson Group, a leading global active asset manager, announced that it has entered into a definitive agreement to acquire a majority stake in Victory Park Capital Advisors, LLC (“VPC”), a global private credit manager with a nearly two...
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October 03, 2024, 07:54 AM
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Citigroup and Apollo entered into an exclusive agreement for a subsidiary of Citi and certain affiliates of Apollo to form a landmark $25 billion private credit, direct lending program initially in North America, with the potential to expand to...
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September 27, 2024, 08:15 AM
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BlackRock and Santander announced the signing of a memorandum of understanding (MoU) by which funds and accounts managed by BlackRock will invest up to US$1 billion per year in select project finance, energy finance, and infrastructure debt...
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September 27, 2024, 08:05 AM
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KKR released “An Alternative Perspective: Past, Present, and Future,” a new Insights piece by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA).In the report, McVey and his team chart the evolution of the...
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September 26, 2024, 07:47 AM
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KKR announced the final closing of KKR Ascendant Fund SCSP, a $4.6 billion fund dedicated to investing in middle market businesses in North America. Launched in 2022 as part of KKR’s Americas Private Equity platform, Ascendant is the first KKR...
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September 25, 2024, 08:15 AM
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WhiteHawk Capital Partners, a private credit investment manager focused on asset-based financing solutions, has entered into an agreement with West Side Transport, Inc. to provide a $111 million senior secured first lien credit facility. Proceeds...
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September 25, 2024, 08:00 AM
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Silver Point Capital, a global credit investing firm, announced the successful final close of its latest opportunistic credit fund at $4.6 billion in total commitments, exceeding the $4.0 billion target and more than double the size of its 2019...
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September 23, 2024, 08:00 AM
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KBRA released updated research that examines the resilience of its ratings for fund finance structures and rated notes employed by middle market corporate lending funds.The private credit market, in particular the direct lending and infrastructure...
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September 23, 2024, 07:50 AM
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White Oak Commercial Finance (“WOCF”), an affiliate of White Oak Global Advisors, announced the hiring of two new executives: Matthew DeBernardo as Managing Director of Originations, and Blake Voyles as Head of Lower Middle Market Underwriting. The...
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September 18, 2024, 08:13 AM
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Brookfield Asset Management and Castlelake announced the closing of a $1.5 billion strategic partnership in which Brookfield has acquired a 51% stake in Castlelake's fee-related earnings and Brookfield Wealth Solutions has committed to invest into...
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September 18, 2024, 07:00 AM
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Sound Point Capital Management, a leading global alternative credit manager with more than $45 billion in assets under management, announced the final closing of Sound Point U.S. Direct Lending Fund III (“USDL III” or the “Fund”), its largest direct...
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September 13, 2024, 08:00 AM
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Comvest Credit Partners announced the recent closing of its debut Collateralized Loan Obligation (CLO), Comvest 2024-1 CLO (“Comvest CLO”), at $500 million.“We are excited to leverage Comvest’s resources and capabilities to further expand our credit...
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September 11, 2024, 08:00 AM
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Chatham Asset Management, a private investment firm, has established a CLO management business, CTM Asset Management (“CTM”), and made a significant capital commitment to build the business and support its initial CLO issuance. CTM will be managed as...
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September 10, 2024, 07:54 AM
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Big Lots has entered into an agreement (the "Sale Agreement") with an affiliate of Nexus Capital Management LP, pursuant to which Nexus has agreed to acquire substantially all of the Company's assets and ongoing business operations. To facilitate the...
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September 09, 2024, 08:02 AM
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Bain Capital Credit announced that the firm’s Private Credit Group invested $1.8 billion to support the growth of middle market and private equity-backed companies during the first half of 2024. Bain Capital Credit’s Private Credit Group made 43...
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September 05, 2024, 07:57 AM
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Comvest Partners announced the promotions of three key leaders of Comvest Credit Partners, its direct lending investment platform. Robert O’Sullivan has been appointed as Chief Executive Officer; Jason Gelberd as Chief Operating Officer; and Greg...
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August 28, 2024, 07:58 AM
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AVANA Companies and funds managed by Oaktree Capital Management announced the formation of a new $250 million AVANA-Oaktree Private Credit Partnership ("AOPCP") for its direct private commercial real estate lending strategy. Through the Joint Venture...
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August 23, 2024, 08:00 AM
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Janus Henderson Group, a leading global active asset manager, has entered into a definitive agreement to acquire a majority stake in Victory Park Capital Advisors, LLC (“VPC”), a global private credit manager with a nearly two decade-long track...
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August 13, 2024, 08:00 AM
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According to an August 12, 2024 Bloomberg report by David Voreacos, B. Riley Financial Inc. is struggling to value its assets after months of concern about flawed accounting and a federal investigation culminated in a 52% one-day plunge.According to...
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August 13, 2024, 07:59 AM
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Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, announced the final close of its Stonepeak Opportunities Fund (the “Fund”). Following strong investor demand, the Fund was meaningfully oversubscribed...
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August 07, 2024, 07:50 AM
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Texas Capital Bancshares, the parent company of Texas Capital, announced the launch of its Texas Capital Direct Lending (“TCDL”) platform. Focused on providing non-bank private capital to the middle market, TCDL will form an integral part of Texas...
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August 06, 2024, 08:00 AM
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Ares Management Corporation announced that funds managed by its Credit Group closed approximately $12.8 billion in U.S. direct lending commitments across 93 transactions during the second quarter of 2024 and approximately $38.3 billion in direct...
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August 02, 2024, 08:00 AM
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In KBRA’s Q2 middle market (MM) surveillance compendium, KBRA examined how revenue and EBITDA growth have cushioned the blow of higher interest costs among private credit borrowers. The analysis is especially interesting due to the dearth of observed...
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August 02, 2024, 07:57 AM
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Ares Management Corporation announced the final closing of Ares Senior Direct Lending Fund III (“SDL III” or the “Fund”). With total equity commitments of approximately $15.3 billion, SDL III was oversubscribed relative to its initial target of $10.0...
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July 31, 2024, 08:05 AM
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Star Mountain Capital announced that James Camarda has joined as a Managing Director in Star Mountain’s Tampa, Florida office.Camarda brings two decades of expertise in the alternative investment sector, having collaborated with some of the world’s...
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July 18, 2024, 07:55 AM
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Blue Owl Capital entered into a definitive agreement to acquire the business of alternative credit manager Atalaya Capital Management LP for $450 million. The acquisition is expected to close in the second half of 2024, subject to customary closing...
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July 16, 2024, 08:04 AM
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Star Mountain Capital announced that Curtis Glovier has increased his involvement with Star Mountain from a Senior Advisor to a full-time role of Managing Director and Strategic Portfolio Officer.“It has been a pleasure working with Curtis personally...
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July 12, 2024, 07:52 AM
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Audax Private Debt announced that, as Joint Lead Arranger, it provided a unitranche credit facility to support Macquarie Capital in their acquisition of Kalkomey, a provider of online recreational safety education in North America. Founded in 1995...
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July 10, 2024, 07:10 AM
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Cahill Gordon & Reindel announced that Peter Williams will join the firm on July 15 as a partner in New York, where he will serve as Co-Head of the Private Credit practice.Williams joins from KKR Credit where he was a Managing Director on the Credit...
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July 08, 2024, 07:52 AM
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Marathon Asset Management, a leading global credit manager with $23 billion in assets under management, and Webster Financial Corporation, the holding company for Webster Bank, a top performing commercial bank with $76 billion in assets, announced...
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July 02, 2024, 08:00 AM
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BlackRock has agreed to acquire Preqin, a leading independent provider of private markets data for £2.55 billion or approximately $3.2 billion in cash. Bringing together Preqin’s data and research tools with Aladdin’s complementary workflow...
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July 02, 2024, 07:52 AM
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ORIX Corporation USA announced the appointment of Nik Singhal as Managing Director and Group Head of Direct Lending within its Private Credit business. Singhal is based in New York and will report to Jeff Abrams, Group Head of Private Credit and Real...
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June 26, 2024, 08:05 AM
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Cresset Partners announced that its flagship private credit portfolio, Cresset Partners Private Credit Fund, LLC (CPCF), has surpassed $500 million in assets under management—a significant milestone. CPCF began investing in April of 2023 and is...
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June 25, 2024, 07:14 AM
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Castlelake, a global alternative investment manager specializing in asset-based private credit investments, has reached an agreement to purchase up to $1.2 billion of consumer installment loans from Upstart, an artificial intelligence (AI) lending...
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June 21, 2024, 07:45 AM
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According to a Bloomberg report, Antares Capital is looking to raise as much as $6 billion for its third senior loan fund.According to the Bloomberg report, the direct lender’s third fund has a target of $5 billion to $6 billion, though that figure...
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June 18, 2024, 08:05 AM
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White Oak Commercial Finance closed a new $1.1 billion credit facility agented by Wells Fargo Bank, and including 11 other banks, increasing the capital that can be invested in asset-based lending (ABL). Additionally, WOCF and White Oak ABL announced...
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June 14, 2024, 08:00 AM
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Figure Technology Solutions, a technology platform streamlining the private credit and housing markets, announced the launch of Figure Connect, a first-of-its-kind blockchain-based multi-seller, multi-buyer marketplace of private credit loans.Figure...
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June 13, 2024, 07:00 AM
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Ares Commercial Finance (“ACF”) announced it is marking 10 years as the commercial finance platform of Ares Management. The evolution of the platform began with the acquisition of Keltic Financial Services, LLC in 2014 and was further augmented with...
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June 10, 2024, 07:43 AM
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StepStone Private Wealth announced the launch of the StepStone Private Credit Income Fund (“CRDEX”), an evergreen interval fund that can be purchased daily via ticker CRDEX.CRDEX offers individual investors and institutions exposure to a highly...
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June 07, 2024, 07:58 AM
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Principal Asset Management launched the Principal Private Credit Fund I, offering exposure to lower and core middle market loans, with immediate access to these direct lending investments. The fund will target 90% plus exposure to private credit and...
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June 05, 2024, 08:00 AM
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Nassau Financial Group (“Nassau”), a provider of fixed annuities and asset management, and Golub Capital, a direct lender and experienced credit asset manager, have signed a definitive agreement to enter into a strategic partnership. As part of this...
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June 04, 2024, 08:00 AM
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Churchill Asset Management and Arcmont Asset Management, the U.S. and European asset management companies of Nuveen Private Capital, announced the continued expansion of their U.S. client coverage capabilities with the appointment of Marc Gonyea and...
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May 22, 2024, 07:47 AM
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Raymond James is expanding the capabilities of its Investment Banking division by partnering with Eldridge Industries and Raymond James Bank to provide private credit solutions to sponsor-backed portfolio companies in four primary sectors: Consumer...
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May 14, 2024, 08:02 AM
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Benefit Street Partners announced the final close of BSP Special Situations Fund II and its affiliated vehicles (“Fund II”) which were oversubscribed with approximately $850 million in capital commitments. Fund II will seek to continue the investment...
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May 10, 2024, 07:30 AM
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Audax Private Debt was the sole Mezzanine Notes provider to support Tailwind Capital in their acquisition of GrayMatter, an industrial automation services and consulting company focused on helping customers across a variety of end markets optimize...
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May 08, 2024, 07:15 AM
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The PNC Financial Services Group and the TCW Group("TCW"), a leading global asset manager, are partnering to deliver private credit solutions to middle market companies.The PNC and TCW partnership formalizes and expands more than 15 years of...
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May 07, 2024, 08:00 AM
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Colbeck Capital Management announced that Jared Talisman has joined the firm as a Managing Director and Head of Originations. Talisman most recently served as a Managing Director at Principal Alternative Credit, where he led and managed the sourcing...
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May 07, 2024, 07:55 AM
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Ares Management Corporation announced that funds managed by its Credit Group closed approximately $9.3 billion in U.S. direct lending commitments across 71 transactions during the first quarter of 2024 and approximately $29.6 billion in direct...
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May 02, 2024, 08:05 AM
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Golub Capital announced the final close of its sixth credit opportunities fund, GEMS Fund 6, L.P. (“the Fund” or “Fund 6”), with $2 billion of investable capital.Fund 6 is the largest Golub Capital Credit Opportunities fund to-date. Commitments were...
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May 01, 2024, 07:57 AM
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Golub Capital announced the launch of its Insurance Solutions team, a group of dedicated insurance and asset management professionals who will expand the way the Firm works with insurance company partners. Jennifer Potenta has joined the Firm to lead...
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April 30, 2024, 07:38 AM
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Hercules Capital is celebrating its 20th year of originations activity by reaching the $20.0 billion milestone in total debt commitments.Founded in December 2003, and originating its first deal in 2004, the Company’s mission was simple: Provide...
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April 24, 2024, 08:00 AM
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Deerpath Capital Management closed Deerpath CLO 2024-1, a $452.61 million collateralized loan obligation (CLO). This marks Deerpath's first new issuance CLO in 2024. Including a CLO reset and upsize in July 2023 and CLO 2023-2, this transaction...
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April 23, 2024, 07:40 AM
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Blue Torch Capital, a New York-based private credit investment firm, announced the closing of Blue Torch Credit Opportunities Fund III and its affiliated entities with total investor commitments of $2.3 billion, exceeding its $2.0 billion...
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April 11, 2024, 07:53 AM
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Raven Capital Management announced that Josh Green, President, CEO and Founder of Raven, has appointed Dimitri Cohen to the position of Chief Investment Officer of Raven Credit, effective April 2nd, 2024. Cohen, a principal at Raven since 2019, has...
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April 05, 2024, 07:38 AM
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AGL Credit Management, an investment manager specializing solely on corporate credit strategies, and Barclays Plc announced an exclusive Cooperation Agreement and the launch of a new private credit investment platform, AGL Private Credit ("AGL...
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April 03, 2024, 07:51 AM
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Altera, an alternative asset manager that capitalizes the lower middle market, has surpassed $400 million of capital commitments across its flagship private equity strategies and thematic private investments. Since inception, the firm has backed over...
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March 25, 2024, 07:56 AM
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KeyCorp announced a forward flow origination partnership with Blackstone Credit & Insurance focused on Key's Specialty Finance Lending (SFL) group. SFL is a leading asset-based lender serving clients nationally across middle market, growth capital...
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March 19, 2024, 08:00 AM
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In a recently posted Bloomberg Intelligence Credit Edge podcast, Bruce Richards, CEO and Chairman of Marathon Asset Management says asset-based lending is set to expand over the next 10 years at the same strong pace as private credit.
Listen to the...
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March 15, 2024, 08:00 AM
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Porter Capital Group announced a landmark achievement, having surpassed $10 billion in funding provided to businesses nationwide. With a broad client base spanning coast to coast, Porter Capital Group is recognized for its expertise in alternative...
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March 13, 2024, 08:00 AM
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GoldenTree Asset Management, a global asset management firm with over $53 billion in assets under management, announced the closing of its Private Credit Fund.GoldenTree’s Private Credit Fund (the “Fund”) secured commitments of over $1.35 billion...
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March 11, 2024, 08:04 AM
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Ares Management Corporation announced that its Special Opportunities strategy, currently a business within its Private Equity Group, will be joining the firm’s Credit Group and will be named Opportunistic Credit. Moving the strategy to the Credit...
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February 26, 2024, 08:02 AM
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Liquidity Group, a global $2.5B AUM asset manager specializing in growth-stage private credit, added three executives to lead its newly formed Financial Institutions Group (FIG). Reggie Mills, Robert Amato and Sonia Peterson now hold roles as Head of...
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February 20, 2024, 08:00 AM
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Bain Capital Credit announced that the firm’s Private Credit Group invested approximately $2 billion to support the growth of middle market and private equity-backed companies in 2023.Bain Capital Credit’s Private Credit Group invested in 58...
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February 16, 2024, 07:35 AM
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Värde Partners, a global alternative investment firm specializing in credit and credit-related assets, announced that it committed $1.3 billion across its asset-based lending and diversified private credit platform in 2023. These investments...
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February 14, 2024, 08:00 AM
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Silver Creek Capital Management announced that David Matter has joined the Firm as Co-Chief Investment Officer. Matter was most recently a Managing Director and Co-Chief Investment Officer of BlackRock Alternative Advisors (BAA), BlackRock’s Hedge...
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February 12, 2024, 08:00 AM
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Ares Management Corporation announced that funds managed by its Credit Group closed approximately $10.1 billion in U.S. direct lending commitments across 78 transactions during the fourth quarter of 2023 and approximately $22.4 billion in direct...
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February 08, 2024, 07:58 AM
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PineBridge Investments, a private, global asset manager focused on active, high-conviction investing, announced the final close of PineBridge Private Credit III ("Fund III") as of 30 January 2024, as part of the firm’s lower-middle-market direct...
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February 07, 2024, 07:58 AM
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White Oak Global Advisors announced that, along with its Financing Affiliates (collectively “White Oak”), it deployed $1.1 billion in capital in 2023. "Last year marked a significant increase in the demand for our flexible financing solutions...
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February 05, 2024, 08:05 AM
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Golub Capital acted as Administrative Agent and Sole Lead Arranger on a $2.11 billion unitranche facility to refinance Aptean’s existing first lien and second lien broadly syndicated loan facilities.Aptean is a leading global provider of mission...
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February 01, 2024, 07:50 AM
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FTI Consulting announced the findings of its 2024 Leveraged Loan Market Survey, which offers insight into bank and non-bank lenders’ perspectives on the U.S. loan industry and highlights expectations for leveraged credit market conditions in the year...
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January 23, 2024, 07:57 AM
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Houlihan Lokey announced that Michael Hommeyer has joined as a Managing Director in its Capital Markets Group. Based in New York, Hommeyer will spearhead a new syndicate function that focuses on expanding the firm’s investor coverage, distribution...
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January 23, 2024, 07:45 AM
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Star Mountain Capital announced that Ravi Ugale has joined as a Managing Director and member of the firm’s investment committee for its secondaries strategies. With ~$4 billion in assets under management, alignment of interest is a core value of Star...
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January 23, 2024, 07:20 AM
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Golub Capital announced that Andrea Picard will be joining the Firm as Co-Head of Global Institutional Sales in March. Picard has over 30 years of industry experience and is joining the Firm after more than a decade in institutional sales leadership...
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January 19, 2024, 07:49 AM
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Houlihan Lokey announced a major expansion of its Private Funds Group to establish the Group as one of the preeminent global private capital advisory platforms.The firm has agreed to acquire Triago Management Development (Triago), a global...
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December 21, 2023, 08:03 AM
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Vensure Employer Solutions, a leading provider of HR/HCM technology, managed services, and global business process outsourcing, announced that Stone Point Capital Markets, a division of Stone Point Capital, a private equity firm based in Greenwich...
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December 21, 2023, 07:58 AM
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Percent released their market outlook for 2024. The report, titled Percent’s 2024 Private Credit Outlook, summarizes the key macroeconomic trends from 2023 that propelled the asset class forward, with insights on what investors can expect for the...
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December 14, 2023, 07:58 AM
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Kennedy Lewis Investment Management, a leading alternative credit manager, announced that it has launched a partnership with iCapital, the global fintech platform driving access to alternative investments for the wealth management industry, which...
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December 14, 2023, 07:48 AM
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Star Mountain Capital, a private credit and secondaries specialist investment firm focused on generating premium returns from the less efficient and labor-intensive market of U.S. private small and medium-sized businesses (the “lower middle-market”)...
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November 28, 2023, 08:00 AM
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Percent announced the findings of a recent study completed with Coalition Greenwich on trends and data in private credit, demonstrating a seismic shift to private credit market investments. The study, titled “Coalition Greenwich 2023 Private Credit...
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November 01, 2023, 08:02 AM
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Ares Management Corporation announced the final closing of Ares Pathfinder Fund II, L.P. and Ares Pathfinder Fund II (Offshore), L.P. (and together with parallel vehicles, “Pathfinder II” or the “Fund”) at $6.6 billion in commitments. The Fund was...
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October 30, 2023, 08:19 AM
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According to a Bloomberg report, private credit firms seeking to capture market share from traditional bank lenders are giving up investor protections as they snag larger financings, according to Moody’s Investors Service.According to the report...
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October 26, 2023, 07:58 AM
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LongWater Opportunities, a lower middle market alternative asset manager, has launched a new dedicated private credit and capital solutions strategy focused on the lower-middle market. To drive the strategy, LongWater has hired a team of eight...
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October 25, 2023, 08:03 AM
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Bloomberg reported private debt defaults will reach 5% by early 2024 as portfolios see an estimated one-third of deals come due in the next two-and-a-half years, according to a new report from Bank of America credit strategists Neha Khoda and Dong Ba...
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October 04, 2023, 07:59 AM
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Bain Capital Credit announced that the firm’s Private Credit Group invested $1.3 billion to support the growth of middle market and private equity-backed companies during the first half of 2023.Bain Capital Credit’s Private Credit Group invested in...
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August 10, 2023, 08:00 AM
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Cresset has hired Bradley Schneider as Managing Director, Head of Private Credit. Schneider, who most recently was Head of Private Credit with Midwest Holding, brings more than 20 years of experience focused on private and alternative credit...
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August 10, 2023, 07:12 AM
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Man Group plc entered into an agreement to acquire a controlling interest in Varagon Capital Partners, L.P., a leading U.S. middle market private credit manager with $11.8B of assets under management (‘AUM’) and $15.4B of total client...
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July 06, 2023, 08:02 AM
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Medalist Partners, an alternative investment management firm focused on private credit and structured credit, is pleased to announce the final closing of Medalist Partners Asset-Based Private Credit Fund III. The oversubscribed fund is closing with...
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June 29, 2023, 07:50 AM
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Simpson Thacher & Bartlett announced that Tracey A. Zaccone and David C. Teh have joined the Firm’s New York office as Partners, where they will co-lead the Alternative Capital and Private Credit practice.“Alternative lending sources are playing an...
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June 09, 2023, 07:48 AM
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Brightwood Capital Advisors, a middle market private credit firm, announced the appointment of Eric Pratt as Chief Credit Officer. In this role, Pratt will oversee Brightwood's existing portfolio, as well as play an important role in the Firm's...
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May 24, 2023, 07:44 AM
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The private capital market is alive and well, according to a new report from Proskauer. The leading international law firm released the findings of its annual Private Credit Survey which asked more than 150 executives at private credit firms across...
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April 26, 2023, 07:04 AM
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Medalist Partners, an alternative investment management firm focused on asset-based private credit and structured credit, announced that industry veteran Mark Crawley has joined the firm as a Private Credit Sector Manager. With extensive experience...
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March 02, 2023, 07:40 AM
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Crayhill Capital Management closed a $200 million receivables financing facility with Stenn Technologies, a UK-based SME finance platform. The facility, which will initially be $200 million, expandable to up to $400 million, is collateralized by a...
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February 17, 2023, 07:53 AM
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Cresset Partners has launched the Cresset Partners Private Credit Fund, LLC (the "Fund"). The Fund invests in a diversified portfolio of private senior secured loans, among other private credit opportunities, with the objective of delivering...
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January 11, 2023, 08:01 AM
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Brightwood Capital Advisors announced it has priced Brightwood Capital MM CLO 2020-1, Ltd. Reset, a $426 million collateralized loan obligation. This CLO represents the fourth CLO issued by the firm since 2019. The vehicle is backed by loans the firm...
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December 27, 2022, 07:09 AM
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CIBC Asset Management is expanding its strategic relationship with Ares Management Corporation to add strategies that invest in global private credit markets. Ares is currently the sub-advisor to the Renaissance Floating Rate Income Fund....
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December 16, 2022, 07:52 AM
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Ivy Asset Group is expanding its alternative offerings with a new private credit fund, Ivy Evergreen Fund ("The Fund") amid growing demand for investment opportunities amongst its network of leading RIAs, high net worth individuals, private pension...
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October 05, 2022, 07:51 AM
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Benefit Street Partners (“BSP”) and its parent company Franklin Templeton announced the launch of Franklin BSP Private Credit Fund (FBSPX). The fund takes a multi-strategy approach to investing in US middle market private credit, seeking to generate...
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October 04, 2022, 08:02 AM
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Brightwood Capital Advisors, a private credit and impact firm, announced the appointment of Kristan O’Connor as Managing Director in the firm’s Portfolio Management & Risk group.Ms. O’Connor brings over 30 years of experience across credit...
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October 03, 2022, 07:46 AM
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KBRA Analytics, an affiliate of Kroll Bond Rating Agency, has acquired Direct Lending Deals (DLD), a digital information service that provides investors and originators with the latest deal data, news, and analysis in direct lending. The deal, which...
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September 19, 2022, 07:14 AM
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Lazard announced that Timothy Donahue has joined the firm as a Managing Director and Vice Chairman of U.S. Investment Banking, effective immediately.Based in New York, Donahue will help lead Lazard’s growing practice of providing advice pertaining to...
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September 06, 2022, 08:00 AM
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J.P. Morgan Global Alternatives announced the hire of two seasoned executives to enhance the firm's capabilities in private credit and private equity secondaries.Andrew Carter joins J.P. Morgan Alternative Asset Management as Head of Private Credit...
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August 04, 2022, 07:34 AM
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Eos Energy Enterprises, a leading provider of safe, scalable, efficient, and sustainable zinc-based energy storage systems, closed an $85 million senior secured term loan facility with Atlas Credit Partners (“ACP”).“We are excited to partner with ACP...
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August 01, 2022, 07:49 AM
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Axonic Capital, New York-based structured credit, commercial real estate and systematic fixed income specialist with $4.8 billion in assets under management, announced the first closing of its inaugural Private Credit Offering in the middle of July....
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August 01, 2022, 07:42 AM
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Ivy Asset Group announced the final close of its 2022 Ivy Credit Opportunity Fund ("Fund") with $115 million of capital raised, including targeted fund leverage and separately managed accounts investing alongside the Fund. The Fund primarily targets...
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June 09, 2022, 07:58 AM
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Altimer Capital launched a new alternative asset management firm targeting credit opportunities in the rapidly growing area of digital transformation. The new private credit and structured equity firm will offer innovative and customized financing...
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May 18, 2022, 07:51 AM
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Brightwood Capital Advisors, a private credit firm focused on providing capital to growing North American middle market businesses, completed another very strong investment year in 2021, one of its most active investment periods in the firm's 12-year...
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March 23, 2022, 08:05 AM
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Bain Capital Credit announced that the firm’s Private Credit Group invested $2.7 billion to support the growth of middle market and private equity-backed companies in 2021.Bain Capital Credit’s Private Credit Group invested in more than 100...
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February 22, 2022, 08:00 AM
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SMBC, a member of SMBC Group, announced appointed Thomas Bergen as Managing Director and Head of Private Credit with the Strategic Credit Products Department.In this role, Tom will be responsible for managing and growing SMBC’s third party investor...
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February 11, 2022, 07:21 AM
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Ares Management Corporation announced that Jeffrey Hughes has joined the Ares Credit Group to lead the firm’s new effort in sourcing and managing privately placed investment grade credit investments.In this newly created role, Hughes joins as a...
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January 11, 2022, 08:05 AM
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Houlihan Lokey announced the launch of the Private Performing Credit Index (PPCI), a new quarterly index that offers visibility to the universe of performing private credit loans. “We are excited to launch the first index of its kind to bring...
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November 04, 2021, 07:55 AM
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SAF Group announced the addition of Michael Scott to its team and closing of the second investment within the AGF SAF Private Credit Limited Partnership (the "Fund").Mr. Scott is a Principal of the SAF Group and is responsible for deal origination...
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October 25, 2021, 07:00 AM
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Ares Management Corporation announced the final closing of Ares Private Credit Solutions II (“APCS II” or the “Fund”). APCS II was oversubscribed with $5.1 billion of commitments compared to its $4.0 billion target and is approximately 50% larger...
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October 18, 2021, 08:00 AM
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Bloomberg reported that defaults in the U.S. private credit market fell in Q1 2021 as the nation’s abating pandemic triggered a surge in economic growth, and investors hunting for yield grew more willing to finance struggling companies.According to...
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May 10, 2021, 07:19 AM
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Jefferies Credit Partners announced the expansion of its capital formation capabilities and its investor relations team with the addition of two senior hires. Jefferies Finance is a joint venture of Jefferies Financial Group and MassMutual.Charles...
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April 29, 2021, 08:13 AM
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Brightwood Capital Advisors experienced one of its most active investment periods in the firm's 11-year history. Between the fourth quarter of 2020 and the first quarter of 2021, Brightwood deployed capital to 25 new or existing borrowers across five...
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April 28, 2021, 07:12 AM
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KKR announced the appointments of two Managing Directors in the firm’s global private credit team who will focus on sourcing investment opportunities in the specialty lending and private asset-based finance (“ABF”) markets. Jim Lees and Vaibhav...
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March 31, 2021, 08:05 AM
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Hercules Capital announced that Hercules Adviser LLC (“Hercules Adviser”), a wholly-owned subsidiary of Hercules Capital, has successfully closed its inaugural institutional private credit fund.“We are very pleased to announce that Hercules Adviser...
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March 25, 2021, 07:57 AM
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Orangewood Partners announced the successful close of Orangewood Fund II, L.P. with more than $200 million in equity commitments as well as approximately $100 million in equity across other vehicles. Orangewood has more than $500 million of total...
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March 25, 2021, 07:44 AM
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Mark Okada, Jack Yang, and Trey Parker Launch Value-Oriented, Durable-Alpha Asset Manager, Specializing in Private and Alternative Credit.Mark Okada, Jack Yang and Trey Parker, industry veterans and innovators in alternative credit investing, have...
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November 20, 2020, 08:30 AM
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Brightwood Capital Advisors, a leading private credit firm, announced the appointment of William W. Archer as Chief Credit Officer, a position he previously held from 2013 to 2015. In this role, he will oversee Brightwood's existing portfolio, as...
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November 20, 2020, 08:15 AM
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