North America

New Hampshire Retirement System commits $50m to direct lending fund

The public pension fund’s relationship with Comvest dates back to 2014, with a total of $190m of commitments to its funds.

KBRA speaks of lender resilience in three reports

Companies with direct tariff exposure – those that must buy from global sources hit by tariffs – are the obvious candidates for debt default.

Blackstone still confident in investors’ interest in private capital

Manager expresses caution on tariffs, but notes private credit accounted for half of inflows.

Crayhill closes $1.3bn ABF fund

The fund seeks to monetise assets independently of a borrower’s overall performance.

MSCI: Private debt faces fundraising slowdown risk

While a tangible decline has yet to surface, prolonged sluggish fund performance predicts a negative trend.

First Eagle launches evergreen BDC

The public but non-listed vehicle plans to lend to borrowers with EBITDA of $5m-$50m.

Pantheon raises $5.2bn for third credit secondaries programme

The strategy, one of the largest of its kind, closes amid ample opportunities in seasoned funds.

Freeport holds final close for Fund VI on $2bn

The direct lending fund beat its target by $200m and its predecessor by $300m in equity commitments.

Ex-JPMorgan, PIMCO veterans launch private debt manager

The US start-up Firebrand Investors has senior management in place and is working to build out its investment team, Private Debt Investor has learned.