North America

SSGA and Apollo’s public and private credit ETF finds regulatory scrutiny

As observers had anticipated, illiquid credit assets comprise no more than 15% of the fund’s assets.

New Mexico SIC bolsters asset-based lending to ramp up to target

The sovereign wealth fund is racing toward its allocation target, with about $2bn annual commitments to private credit, building out its asset-based lending exposure.

Apollo to acquire Bridge, expand PE origination base

The purchase is set to close in Q3. The all-stock deal will add a manager with $50bn of AUM.

Apollo subsidiary to acquire CLO manager Irradiant

Purchase will add $10.7bn of CLO assets to Redding Ridge, $2bn of private credit to Apollo.

NB Specialty Finance III holds final close on $1.6bn

Neuberger Berman fund exceeds its target and its precursor. Nearly half is already deployed.

JPMorgan files for multi-asset credit fund

The manager’s debut interval fund is geared to wealthy individuals and will invest primarily in debt securities issued by private companies.

Antares launches flagship BDC

Antares Private Credit Fund caters to institutions, with an eye on private wealth

Morgan Stanley holds $3.2bn close on perpetual BDC

North Haven Private Income Fund, a specialty finance vehicle, has nearly 19,000 total investors.

Credit helps offset PE slump for Carlyle in 2024

CFO John Redett says Carlyle expects growth in credit and secondaries, but a decline in private equity.