Private credit incentivized to seek more protection than BSL

By Lisa Fu

Wednesday, October 15, 2025

With the First Brands fallout still in the headlines, private credit managers sought to differentiate themselves from the banks that underwrote the troubled auto lender

Subscriber-only article

This article is available only to Creditflux subscribers and free trial users within 30 days of publication.

Already a subscriber? Not logged in? Click here to login.

If you have not already done so,
you may request a FREE TRIAL by clicking here

This trial will give you:
  • 4-weeks' free online access to our
    most recent subscriber-only articles
  • Daily breaking news alert sent by email
  • A print copy of Creditflux

If you currently have a free trial, you will see this message when you try to view articles older than 30 days.

TAGS: Direct lending Fidelity Private credit North America HPS

Related Stories

Funds

more stories...