Breaking News

Orix USA realigns private credit, brings on BlackRock’s Singhal

Manager splits the asset class into two verticals, with Singhal heading direct lending and Shtaingos leading securitised credit.

Brookfield’s Balkan to exit at year-end

The co-architect of the Toronto-based manager’s real estate credit platform, Andrea Balkan, is departing after 22 years with the firm.

Both BlackRock and Fitch view the credit macro scene warily

No big ‘easing cycle’ expected; keep an eye on upcoming waves of maturities, reports say.

Crescent Capital promotes Wright to president

Manager makes other executive changes, in moves toward a ‘new stage of growth’ and succession planning.

Blue Light Capital launches credit division to target mid-market lending gaps

The firm hired Needham Point Capital co-founders Jeremy Burton and Tristine Lim to lead Blue Light Credit.

Leste Group pushes further into real estate credit with LNL Capital

In less than a year, the net lease mortgage REIT is on track to originate $1bn on an annualised basis.

Advent and ADIA to invest up to $3bn in Fisher Investments

The investment puts FI at a valuation of $12.75bn.

MidOcean Partners raises $765m for opportunistic credit fund

Fund targets off-the-run, mid-sized direct lending, stressed and distressed investments in third vintage.

Principal launches private credit interval fund

Fund seeks 90% plus exposure to private credit, and targets US wealth and institutional markets.

Canyon closes two CLOs to raise over $1bn

Canyon Euro CLO 2023-1 is the sixth-largest European deal ever, and the largest in more than six years.