North America

BC Partners Credit to acquire Runway Growth

Agreement, expected to close by end of 2024, gives BP Partners benefit of Runway’s expertise in ‘growth lending’.

Carlyle’s credit AUM grew nearly 30% in the last year

The firm’s Q3 report shows private equity growth has been muted compared with other units of the business

Credit investing brings record quarterly origination volume for Apollo

Management fees and total inflows in Q3 were buoyed by growth in the credit unit.

Ares deploys $24.1bn from private credit strategies in Q3

Credit accounted for more than 80% of the manager’s deployment in the latest quarter.

Investors want direct lending and senior positions – BlackRock

Established managers dominate fundraising and expand the addressable class of borrowers, according to a paper by the manager.

KKR, Capital Group file for joint public-private credit funds

The funds build off the two firms’ partnership, which was announced in May.

Arena Investors and CC Capital to launch insurance and management platform

The two firms have partnered to create Ceres Life Insurance and integrate it with asset management under Westaim’s corporate roof.

IMF raises concerns on private debt valuations and PIK income

Payment-in-kind income as percentage of BDC interest and dividend has risen since 2021.