North America

Coller Capital completes $1.6bn LP-led transaction

The secondaries firm has bought interests in 44 senior direct lending funds from American National Insurance.

BC Partners Credit holds final close at $1.4bn

The third vintage of its special opps fund beat its predecessor and target with a high re-up rate.

Bar Louie returns to bankruptcy court

Antares Capital is said to have exited its equity position earlier this year.

Insurers take on more risk in infra debt as spreads narrow

How investors like Swiss Re and the UK’s Pension Insurance Corporation are adapting to this fast-maturing asset class.

Barings: Driving opportunities through bespoke capital solutions

Capital solutions strategies continue to gain attention, driven by borrowers’ need for flexible financing options and investors’ desire for uncorrelated income streams and unique origination channels, says Michael Searles at Barings.

Fitch: US private credit default rate hit 5.7% in February

Healthcare has been a problematic sector, with a default rate of 7.5%.

Marathon holds final close on $2.7bn fund

The distressed credit fund has outraised its target and its prior vintage.

NYC Comptroller’s office commits $350m to Hayfin strategy

Four of the five NYC pensions allocated to Hayfin Tactical Solutions Fund, sources say

Lincoln Financial taps Bain, Partners Group for private markets funds

Lincoln will partner with the managers to launch two evergreen funds to focus on global private credit and royalties.

LA pension mulls a five-year private credit pacing plan

Adviser RVK recommended raising its private credit allocation to target 5%, or $300m-$400m, per year through 2029.