Private credit funds, partner banks present risks as global growth slows—IMF
Private credit funds and their partner banks can face losses as a slowing economy will challenge borrowers’ ability to repay loans

JPMorgan enters private credit big leagues with USD 4bn Boeing unit financing
EXCLUSIVE: The bank takes down the third-largest piece of the giant unitranche, lending shoulder-to-shoulder with direct-lending giants

M&A rebound will come – Goldman Sachs’ Vivek Bantwal
Credit Exchange with Lisa Lee podcast with Goldman Sachs' co-head of global private credit

ABF specialist Balbec names new CEO
Peter Troisi to take the helm as Charles Rusbasan transitions to an executive chairman role

Defined benefit plans shift focus to private credit, secondaries - NEPC
Some corporate defined benefit plans are shifting their private market allocation to favor shorter-duration strategies as part of a de-risking plan

Mubadala to deploy USD 1bn alongside Fortress into private credit co-investments
The new partnership will see the Middle Eastern investor giant co-invest with Fortress’s existing strategies across private credit, asset-based lending, and real estate  

Audax launches private BDC with USD 1.1bn
The new product is aimed at wealthy individual investors in the US

Invesco, Barings team up on private credit for wealth channel
Barings parent MassMutual plans to seed the partnership with an initial USD 650m

Cliffwater aims for more than USD 10bn in private credit co-investments
EXCLUSIVE: The firm, which now oversees nearly USD 28bn in its private credit interval fund, says it's found "an abundance" of co-investment opportunities

Generali Investments, Partners team up on private credit secondaries fund
Generali Investments’ debut private credit secondaries fund will invest globally and is available to professional investors

26North hires direct lending MD from H.I.G. Capital
The new managing director previously spent more than 3 years working for H.I.G. Capital

Squire Patton Boggs hires global head of private credit and direct lending
The newly created position is being filled by a former partner at Polsinelli

Sculptor raises USD 900m for maiden tactical private credit fund
The “all-weather” fund originally launched in 2021, according to a filing

TPG, Temasek take minority stake in private credit interval fund pioneer Cliffwater
Cliffwater has nearly USD 28bn in its flagship private credit interval fund, the largest in the US

Tariffs will increase defaults – Blackstone
The alternative asset management giant also said the private credit market is providing financing that previously would not have been available in times of dislocation like this

Maryland pension PM joins Nomura’s public-private credit manager
The company is also looking to hire two more investment professionals

Golub launches direct lending continuation vehicle
GP-led secondaries deals involve a manager rolling existing investments into a new vehicle rather than returning capital to investors as originally planned

Private credit spreads widen, talks pivot to dividend deals
ANALYSIS: Private corporate credit lenders are starting to push for higher spreds amid volatility in the leveraged loan market, and talks switch to dividend deals from buyout financing

Wyoming, Texas among state systems making new private credit commitments – Public Pensions, Private Pursuits
Wyoming invests USD 300m in TPG AG and Kennedy Lewis private credit funds, and Texas pension system invests USD 250m in Penfund, SKY Leasing direct lending funds

European direct lender Arcmont launches debut NAV lending fund
EXCLUSIVE: The European direct lender has tapped an AIMCo alum to head the new global strategy

Crayhill raises USD 1.31bn for opportunistic asset-based finance
The firm has already deployed 75% of its latest fund

Upstart direct lender Corinthia nabs Golub US managing director
EXCLUSIVE: Direct lender entrant Corinthia Global Management has hired Paul Armsby, most recently at Golub Capital, according to his LinkedIn post, as the firm ramps up deployment. 

Blackstone, Wellington and Vanguard partner on public-private investment products
The three asset management giants are joining forces to offer individual investors access to multi-asset portfolios once only available to institutional investors

Custom vehicles offer range of options for co-investments
Institutional investors, the huge pools of capital that have fuelled private credit to a USD 2tn market, often aspire to invest directly alongside fund managers. But many have been hampered by high cost and other difficulties — until perhaps now

US catching up to Europe on NAV loans as attitudes change, says funding specialist
Lending to private funds is a fast-growing corner of the private credit asset class, and with the US market becoming more accepting of funds using leverage, investment opportunities are set to grow