Loan Note

Tikehau has seen its assets under management bolstered by strong fundraising in private credit. A new court ruling could offer better certainty for lenders and prevent use of corporate veils.

Carlyle has invested $250m into FarmOp Capital to provide loans to US farmers. Mubadala and AXA IM acquire minority stakes in Hayfin after Arctos completed; and MBO of the credit managers earlier this year.

Three Hills has sold a minority stake to BCI to shore up its balance sheet and grow the business. Goldman launches private credit investment trusts and Golub says the mid-market is resilient.

Kayne Anderson BDC makes a major investment in SG Credit Partners to strengthen its presence in the mid-market. Two-thirds of high-net-worth investors are keen to invest in private markets.

Sustainability-linked loans come down from their peak. Plus: LBP AM makes progress with retail fund; and survey shows strengthening appetite for yield strategies.

How the UK’s Pension Protection Fund copes with volatility. Plus: buyout companies face debt squeeze; and Monroe launches into aviation partnership.

Concerns are growing around the use of PIK notes in private equity deals. NorWall has acquired a consumer loan portfolio; and Schroders finds more LPs are favouring private credit.

Carlyle has teamed up with Diversified Energy to lend against oil and gas assets. Ares has launched its first ELTIF; and Zenon joins forces with Unicaja bank.