Deals

Coller and Benefits Street agree $2.3bn continuation vehicle

The firms say the deal is the largest single fund continuation vehicle ever seen in the private credit secondaries market.

TPG Twin Brook, Coller set $3bn credit secondaries milestone

This marks the largest deal of its kind, as private debt investors look to continuation vehicles for liquidity.

Houlihan Lokey: Borrowers hold the cards in private credit

The proliferation of covenant-light loans is driving competition among lenders, a recent report says. A Houlihan Lokey executive breaks down the consequences.

Apollo’s credit unit drives record quarterly inflows and fee earnings

IG credit and ABF, as well as CLO management, part of the unit that represents 82% of AUM, contribute to the results.

Post Road Group closes flagship debt fund and digital infra fund

The firm’s debt fund hit $525m, beating a target of $500m, while its structured equity fund closed on $500m.

Sponsorless market set to gain from M&A slump – report

Direct lending to sponsor-backed corporates has become a crowded market, Federated Hermes’ report found.

Guardian, Janus Henderson close strategic partnership

New York-London partnership closes less than three months after initial agreement, in latest union between an asset manager and an insurer.

Italian private debt on the rise

Private debt is increasing its importance as a source of financing in Italy. Vieri Betti Guaraldi of Houlihan Lokey explains why.

Five takeaways from PDI Europe

‘Resilience’ is a word frequently used when describing how private debt has responded to previous challenges. How’s it shaping up in response to the current economic and political backdrop?

PDI Europe Summit: Direct lending under scrutiny

Spread compression and lack of dealflow are among the concerns, but there is hope of an improving picture as the year progresses.