North America

Bain Capital closes on special sits fund on $5.7bn

The latest fundraise beats its target and brings the second vintage of the strategy to $9bn.

Fitch: BDCs face ‘deteriorating’ environment in 2025

Lower portfolio yields and rising non-accruals are largest threats to BDCs’ performance.

Silver Point Specialty Credit Fund III closes on $8.5bn

The latest vehicle in Silver Point’s direct lending franchise, with leverage, was more than four times the size of its predecessor.

DE Shaw raises $1bn for opportunistic credit fund

Alkali VI matches the size of its predecessor, drawing support from endowments, sovereign wealth funds and the firm’s own principals.

ATLAS SP names Carey Lathrop as CEO

The firm that Apollo acquired from Credit Suisse is focused on growth in ABF and warehouse financing.

Apollo, Mubadala extend private debt partnership

The partnership, which began in 2022, is one of many tie-ups between the two firms.

Alberta government ousts AIMCo board members, installs interim CEO

The Canadian province’s legislature, led by premier Danielle Smith, dismissed AIMCo’s CEO, Evan Siddall, along with three other board members last Thursday.

FCERA approves $250m debt allocation and $300m to $400m pacing plan

The Fresno-based pension fund maintains its 8% target allocation to private debt, sees reasonable IRR from those funds.