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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