OHA closes in on USD 6bn for large cap senior direct lending fund
The open-ended fund is targeting sponsor-backed corporate borrowers with an EBTIDA greater than USD 75m, the firm previously told institutional investors

Simplify Asset Management launches private credit ETF
The new exchange traded fund will track the universe of business development funds and listed funds that invest in private credit as captured by the VettaFi Private Credit Index

CFA warns of conflicts of interest in continuation funds
The growing popularity of continuation funds has raised questions around manager processes, the CFA Institute said

Hunter Point lends to Willow Tree in GP financing deal
The direct lender brings in a new partner that should help the firm expand its presence in the wealth channel and launch new strategies

Direct lending stress to remain high despite rate cut – Moody's
A report from BofA also shows that even if interest payment costs ease slightly, the direct lending market faces a high percentage of payment-in-kind deals coming due

Apollo Debt Solutions issues second direct lending CLO
The print follows the manager’s inaugural such deal at the end of April, arranged by RBC and Apollo

Carlyle nabs head of direct lending origination from Golub
EXCLUSIVE: The firm also hired a second managing director focused on originations as it re-staffs its direct lending franchise

Evolving M&A is transforming the capital formation landscape – KKR
'Critical' link between M&A and credit is set to fuel growth in private markets

Rothschild’s Five Arrows closes fourth direct lending fund at EUR 2.4bn
Five Arrows Debt Partners IV is more than 70% larger than its predecessor fund

Ex-Morgan Stanley head of originations starts as Octagon’s head of private credit
EXCLUSIVE: The new hire will lead the liquid credit shop’s new direct-lending strategy, launched earlier this year

Surge in direct lenders’ debt-equity swaps makes trouble for LPs
Investors that piled into direct lending counting on steady fixed-income returns are getting more than they bargained for — in the shape of equity stakes in troubled firms

Principal Asset Management hires MD for sponsor-backed direct lending
EXCLUSIVE: Jordon Thompson, who most recently worked for Cerberus Capital Management, now covers sponsor relationships for Principal Asset Management 

Corinthia Global Management hires Ares alum in New York
The global private credit manager has hired former Ares partner Craig Shirey to serve as a managing director

Asset-based lending increasingly acts as private debt diversifier
Direct lender Bow River is the latest manager to acquire a lower middle market asset-based financing firm as investors seek to diversify existing private debt portfolios

Park Square and Nomura plan private credit partnership
EXCLUSIVE: The two parties are negotiating a partnership in which Nomura’s US investment banking unit would help Park Square source unitranche deals in the US

Sponsors abandoning companies to private lenders at rapid rate---Lincoln International
The first half of 2025 saw private equity sponsors hand over companies to direct lenders at a volume that exceeded the past five years combined, the valuation firm’s data shows

MetLife IM appoints global head of private fixed income
The role was left open after Brian Funk was promoted to president earlier this summer

Direct lending competition erases refinancing premium
Historically, new LBOs resulted in cheaper pricing, but spreads for refinancing and recapitalization deals have tightened as direct lenders face a lack of deployment opportunities

US direct lending faces 6% “shadow default rate”—Lincoln
Many private credit managers are offering payment-in-kind options to weaker borrowers, possibly obscuring more widespread pain in the market

BC Partners LPs roll into third unitranche-focused private debt fund
The latest Great Lakes III fund kicked off its investment period and began deploying capital on 1 August, the company said.

Core direct lending falls out of favour
As capital flows in and middle market M&A shrinks, private credit managers are looking for new places to invest, said speakers at the Debtwire Private Credit Forum New York

CVC raises USD 700m for CLO equity fund, plans new products
The European private credit manager also expects to hold a final close for its European Direct Lending Fund IV in late 3Q

Proskauer adds leveraged finance partner in London
The law firm has recruited Peter Mason from White & Case to join its global finance practice, the latest in a series of recruitments

HIG WhiteHorse corrals USD 5.9bn for US direct lending
The latest fund will be used to originate senior-secured loans for both sponsored and non-sponsored corporate borrowers

Sponsors push amendments as direct lenders grow receptive – L4CP’s Chuchla
Particularly with vintage-2021 deals, direct lenders are open to amending terms to the looser market standard of today, Lane Four Capital Partners founder Rob Chuchla said