Private credit firms chase opportunities in asset based lending as US banks withdraw
Lending against assets is becoming the fastest growing part of private credit. The market is expected to grow from roughly USD 787bn in 2024 to more than USD 1.26trn in 2028, according to a report by Research and Markets, a data and statistics firm.

EU managers seeking retail investors roll out first ELTIF 2.0 credit funds
EU managers seeking retail investors roll out first ELTIF 2.0 credit funds

Credit hedge funds
Credit hedge fund performance

Private credit is the regulatory fix that became an asset class
Institutional investors have pushed private credit to greater scale than either loans or bonds

Billion-dollar Adams Street CLO is private deal for single investor
New details have emerged of the unusual billion-dollar middle market “CLO” that Adams Street Partners closed last week

Allianz gears up to launch European credit impact investing fund
Allianz Global Investors filed regulatory documents in Luxembourg this week for a new impact investing fund, the latest in a string of similar strategies

185bps settles in as MM CLO benchmark as Cerberus prices
Specialist middle market manager Cerberus added a second new issue to its 2024 roster on Friday, arranged by GreensLedge

BlackRock keeps up issuance with new middle market CLO
In a flurry of activity, BlackRock followed its Magnetite XVII reset last Tuesday with a new middle market CLO deal the following Wednesday, just outside the tightest such deal recorded so far this year

Schroders Capital adds two senior members to private debt and credit alternatives platform
Schroders has made two senior-level hires following last fall's consolidation of its debt and alternative credit strategies onto a single platform

Texas pension system commits USD 100m to direct lending
The Texas County & District Retirement System recently allocated USD 100m to a direct lending fund at its 1 April meeting

Blue Torch closes USD 2.3bn private credit fund
New York-based middle market lender Blue Torch Capital has closed its Blue Torch Credit Opportunities Fund III

San Francisco pension system continues to invest in private credit
The board of the San Francisco City & County Employees' Retirement System has allocated USD 75m to a credit special situations fund  

Viking's head of credit leaves the hedge fund amid organizational changes
The head of credit at Viking Global Investors, has left the Greenwich, Conn.-based hedge fund amid organizational changes, according to an investor letter

DWS head of direct lending departs
Marcus Herbig, head of direct lending at DWS, has left the firm, according to people familiar with the matter

Louisiana pension system allocates to private credit
The Louisiana Teachers’ Retirement System has recently made a fresh round of commitments to alternative funds, including to private credit.

Direct lender Raven separates from Metlife just one year after it was acquired
Raven Capital Management, a New York and Santa Monica-based private credit specialist, has parted ways with parent company Metlife after just a year under its ownership

LGIM launches alternative investment fund
European asset manager Legal & General has launched a new private credit fund which will sit on a newly-created Reserved Alternative Investment Fund, or RAIF platform

Chicago pension system allocates USD 40m to private credit
The Policemen's Annuity and Benefit Fund of Chicago approved two commitments to private credit totaling USD 40m at its 24 January meeting

Evolution hires new managing director from JP Morgan
Evolution Credit Partners has added a managing director on the investment team, helping grow the Boston-headquartered firm's working capital finance and leveraged finance businesses

Muzinich hires head of alternative credit solutions and strategy
Muzinich has hired Rehan Virani in the newly-created role of head of alternative credit solutions and strategy as the New York and London-headquartered credit specialist continues to expand its private credit and CLO strategies

Ares launches third vintage of senior direct lending fund
Ares Management recently filed regulatory documents with the US Securities and Exchange Commission for the Ares Sr Direct Lending III Access Parallel

Hayfin adds managing director in private credit from BlackRock
London-based Michaela Campbell and will be responsible for leading the private credit team’s portfolio monitoring and risk profile

Golub resets 2019 vintage middle market CLO
Golub Capital Investment Management reset Golub Capital Partners CLO 46 last week

AGL and Barclays launch new credit platform
AGL Credit Management and Barclays have teamed up to launch AGL Private Credit, a new private credit investment platform backed by the Abu Dhabi Investment Authority 

Funds round up: private credit reaches for retail
A number of new credit funds launched last month to round out 2024's first quarter, including ones in Europe aimed at retail investors