United Kingdom

Pension Insurance Corporation names interim CIO, amid PRT growth expectation

The UK insurer has appointed an industry veteran to succeed Rob Groves for the time being, ahead of the arrival of new CEO Mike Eakins.

Apollo caps redemptions from flagship non-listed BDC

Apollo Debt Solutions saw gross outflows of $400m for the second quarter of 2026.

White Oak launches £1.5bn strategy for UK industrial lending

The firm hopes to address a shortage of funding for businesses focused on key areas of manufacturing and industry.

European insurers eye bigger private debt allocations

Sweden’s LF, the Netherlands’ NN Group and UK firms Pension Insurance Corporation and Foresters Friendly Society are exploring new opportunities in illiquid credit.

Medallia taken over by Blackstone-led creditor group

The creditor trio will inject $150m to reduce Medallia debt, in addition to $500m from the company to invest in AI efforts.

UK’s L&G mulls 25% rise in large infra debt allocation

The insurer’s head of portfolio management, Roman Hederer, sees more opportunities and value now in the asset class than a few years ago, particularly in Europe.

Last call: Cast your votes for PDI’s Rising Stars 2026 list!

The 2026 list will feature individuals under the age of 40 whom we believe have the ability and potential to shape the asset class in the years ahead.

HSBC raises $2bn for UK direct lending second vintage

The strategy involves investing in private equity-backed deals originated by HSBC’s UK banking arm.

Private credit’s DPI dilemma

DPI may primarily be seen as a private equity problem, but an expectation of timely returns means private credit is being held to an even higher standard.