BDC

Despite discussions of declining investor demand for liquidity, both funds saw requests for double-digit amounts of shares to be tendered

The US private credit market puts in a strong performance despite market headwinds.

Retail money may be fleeing BDCs right now, but that doesn’t mean private credit’s dalliance with retail money is over, writes David Brooke.

Grier Eliasek of Prospect Capital says a bifurcation in direct lending approaches has led to a proliferation in mid-market opportunities in the US, benefiting firms with the right resources.

The PEI Private Credit BDC ranking looks at the biggest managers of business development companies in North America, with rankings for both public and private BDCs.

The worst of the software sell-off phase may be over, but private credit firms are still assessing the extent to which it will impact US portfolios over the coming months and years. David Brooke reports.

Stanger report also sees highs in redemption requests: 10.4% of NAV in Q and 12.4% in Q2.

Amid general decline in originations, tech lender’s CEO credits firm’s relationships, discipline and support for its growth borrowers.

The new vehicle will house over $500m of debt positions held by TCPC, with pricing coming in at 95% of gross fair value as of 31 December 2025.

The second-quarter equity fundraise for credit of $1.8bn was about one-tenth of last year’s.