Analysis

Breaking down Apollo REIT’s $9bn commercial real estate loan sale

Apollo Commercial Real Estate Finance this week sold the residential- and office-heavy portfolio to Athene, its insurance arm.

Investment-grade credit in focus for Blackstone’s 2025 earnings

Blackstone’s IG Credit AUM is now $130bn, up 30% year-on-year.

BlackRock BDC marks down NAV by 19%

BlackRock TCP Capital Corp was hit by a string of deteriorating credits, including Renovo.

Gapstow: Credit interval fund AUM jumped 37% in 2025

Report says 22 new alternative credit interval funds made a new record for launches, bringing total AUM to $83bn.

Los Angeles pension sets $550m private credit target for 2026

LACERS has set in motion a plan to grow allocation to the asset class from 1.9% to 5.75%.

Apollo’s Midcap gets ratings upgrade after $3.1bn debt issuance

The manager’s primary direct-origination platform’s senior unsecured notes and credit facility are now rated investment grade.

Monroe lines up $6.1bn for private credit fund

The senior secured fund, the manager’s largest private credit vehicle, has already committed $3.2 billion

Davidson Kempner closes on $1.1bn credit fund, beating target

Asset-backed strategy seeks to provide exposure to residential, corporate and hard asset-backed loans.

Barings launches Infrastructure CLO at $508m

Manager sees an inflection point for infra lending via CLOs that marks a turn away from the banks.

Alaska Perm: Retail capital could ‘change dynamics’ in large end of the market

The $85bn fund needs to think about whether it will be investing alongside retail capital when it evaluates GPs, according to deputy CIO Allen Waldrop.