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With private equity activity remaining depressed, CLO managers are resetting capital structures and finding creative ways to cultivate new loans.

Issues around private credit valuations and payment-in-kind instruments are on US Securities and Exchange Commission regulators’ radars, according to body officials.

The PEI Private Credit BDC ranking looks at the biggest managers of business development companies in North America, with rankings for both public and private BDCs.

The worst of the software sell-off phase may be over, but private credit firms are still assessing the extent to which it will impact US portfolios over the coming months and years. David Brooke reports.

In today’s edition, Sven Gralla takes up the role of senior director of private debt at London-based consultancy Bfinance. Plus: Korean LPs are signalling a shift away from direct lending funds into infrastructure credit and private equity secondaries. Here’s today’s brief for our valued subscribers only.

The Illinois-based pension fund is seeking one or two investment managers in opportunistic private debt.

The public pension fund seeks to invest up to $1.3bn in commitments to the asset class for FY 2027.

National postal and financial service provider plans to commit to two or three fund managers focused on real estate debt.

San Joaquin County Employees’ Retirement Association is seeking a general investment consultant.