Private credit
24 stories covering private credit — fund closes, LP allocations, regulatory filings, deal flow, and fundraising signals from PipelineRoad's editorial team.
Blackstone leads $1bn private credit financing for Leidos-Analogic merger
Blackstone is leading a $1bn private credit financing backing the combination of Leidos and Analogic security enterprise solutions businesses.
Cinven-owned Omnes Education seeks to refinance about €700m of debt
Omnes Education is seeking to refinance approximately €700m of debt, with bank borrowings due in 2028 and €216m of convertible bonds due in 2029.
Blackstone raises about $1bn for private credit continuation vehicle
Blackstone raised approximately $1bn for a private credit continuation vehicle tied to assets from Blackstone Capital Opportunities Fund IV, according to Private Equity Wire.
Partners Group launches global multi-sector private credit income strategy
Partners Group has launched an open-ended evergreen private credit income strategy targeting high single-digit to low double-digit returns, spanning multiple credit segments across developed markets.
Apollo trades more than $35bn of private credit via market-making operation
Apollo Global Management has traded more than $35bn of private credit since launching a market-making desk, alongside a shift to daily valuations across its $850bn credit platform.
Tikehau faces rival strategic bids in Tapí restructuring talks
Tikehau Capital is competing with strategic buyers as Tapí Group negotiates a financial restructuring involving nearly €150m of bank debt, according to Private Equity Wire.
Partners Group explores €800m private credit continuation vehicle
Partners Group is considering a roughly €800m continuation vehicle to extend holdings in private credit loans, according to Private Equity Wire, citing a Bloomberg report.
HarbourVest names Tony Ranaldi to lead Private Credit Evergreen portfolio management
HarbourVest Partners appointed private credit veteran Tony Ranaldi as managing director of Evergreen Portfolio Management as it expands evergreen private credit offerings.
KKR says private investment-grade financing volume topped $80bn by 1 September
KKR structured or syndicated more than $80bn of private investment-grade financing by 1 September and said it raised $15bn for credit strategies this year, according to Private Equity Wire.
Blackstone targets at least $8bn for energy transition and digital infrastructure credit fund
Blackstone is targeting at least $8bn for the latest vintage of its private credit strategy focused on renewable energy and digital infrastructure.
Apollo commits $585m hybrid financing package to KKR-backed The Executive Centre
Apollo Global Management has committed $585m in debt-and-equity financing to flexible workspace operator The Executive Centre, according to Private Equity Wire.
HarbourVest secures $2.4bn in initial commitments for private credit secondaries strategy
HarbourVest Partners has secured $2.4bn in initial capital commitments for a new private credit secondary strategy, according to Private Equity Wire.
Arini nears $4bn final close for debut European direct lending fund
Arini Capital Management is approaching a roughly $4bn final close for its first European direct lending fund, according to Private Equity Wire.
Granite Asia raises over $500m for Libra Hybrid and targets Asia mid-market credit
Singapore-based Granite Asia is targeting mid-sized Asian businesses for private credit investments after raising more than $500m for its Libra Hybrid strategy.
Blue Owl Technology Finance Corp raises $150m in private placement notes
Blue Owl Technology Finance Corp raised $150m via senior unsecured notes with a 7.6% coupon maturing in September 2032, taking total debt raised since Q2 end to $800m.
Blue Owl marks down Loparex loans after non-accrual move and Moody’s default call
Blue Owl’s OBDC shifted Loparex exposure to non-accrual after Q2 and marked down first- and second-lien positions, according to Private Equity Wire.
Arini appoints Ben Kunstler as head of hybrid capital to expand private credit platform
Alternative asset manager Arini has appointed former Bain Capital partner Ben Kunstler as head of hybrid capital as it builds out its private markets platform.
Private Credit Managers Shift Beyond Direct Lending
Non-traded BDCs raised $2bn in Q2, down 82% year-over-year, as $23bn in withdrawal requests hit private credit funds.
Private Credit Managers Shift Beyond Direct Lending as Fundraising Slows
Non-traded BDCs raised $2bn in Q2 amid $23bn in withdrawal requests and reduced loan originations, prompting diversification into secondaries and AI-related lending.
Private Credit Managers Target UK DB Pension Funds
Private credit managers are directing attention to Britain's £1tn-plus defined-benefit pension market through insurer partnerships and pension risk transfers.
Jefferies Credit Partners Targets €1bn for Private Credit Secondaries Vehicle
Jefferies Credit Partners targets €1bn for a continuation fund vehicle focused on private credit secondaries and new loan origination.
Private Credit Firms Reassure Investors on AI Risks in Software Lending
Ares Management, Blackstone Inc, and Blue Owl Capital assess AI exposure in their software lending portfolios, finding limited risks amid market concerns.
Dawson Partners Opens Hong Kong Office for Asia Private Credit Expansion
Dawson Partners is establishing a new office in Hong Kong to capitalize on growing demand in Asia's private credit market, according to Private Equity Wire.
ECB Flags Private Credit as Growing Financial Stability Risk
The European Central Bank has identified private credit as an emerging risk to financial stability, alongside other vulnerabilities, according to a report cited in Private Equity Wire.
