North America

Blackstone closes flagship credit opps fund at hard-cap

The strategy’s fifth vintage, its largest, raises more than $10bn of investable capital.

US regulators aim sights on private debt risk as insurance interest grows

Talks between domestic and international regulators will begin in April and continue throughout the summer.

Specialisation and investing in Europe are key trends for the rest of 2026

The coming months are expected to build on the fundraising momentum of 2025, as investors take a bullish stance on pursuing alternatives to direct lending and the US, says Jess Larsen of Briarcliffe Credit Partners.

Ares raises $9.8bn for opportunistic credit fund

The Los Angeles-based manager exceeded the fund’s target fundraise as well as its prior vintages.

Moody’s: bank NDFI exposure grows to $1.4trn at year-end 2025

Loans to non-depository financial institutions were some of the fastest expanding areas of lending for large US banks.

Ares, Antares close $1.7bn continuation vehicle

CV will comprise over 300 first-lien loans originated and managed by Antares.

17Capital closes NAV lending fund with $7.5bn

The firm said its second NAV loan fund is set to benefit from increased demand from private equity firms seeking flexibility.

Arizona state pension cuts projected returns out of private credit

Even while maintaining allocation targets for the asset class, the $63bn system is lowering its assumed return to reflect a more competitive environment for credit funds

Davidson Kempner: Opportunistic credit could benefit from ‘capital structure reset’

Stress in private equity funds and portfolio companies could open up opportunities for opportunistic credit managers, DK’s white paper argues.