BDC

Oak Hill, One IM launch European private credit partnership

The partnership has $5bn in investable capital, and follows Oak Hill’s launch of a $1.5bn perpetual BDC.

BDCs as a tool for the mass affluent

The rise and rise of the business development company has been led by a generation of managers holding views shaped by the 2008-09 global financial crisis.

The rise of PIK sparks concerns

Interest rates are staying higher for longer, debt service is piling up and liquidity is falling at some business development companies. What could possibly go wrong?

Both BlackRock and Fitch view the credit macro scene warily

No big ‘easing cycle’ expected; keep an eye on upcoming waves of maturities, reports say.

Principal launches private credit interval fund

Fund seeks 90% plus exposure to private credit, and targets US wealth and institutional markets.

BDCs face challenges, competitive pressures

Business development companies are expecting strong income and dividend coverage but there are also headwinds to contend with. PDI examines the views of two rating agencies.

Direct lending head leaves Carlyle – internal memo

The manager’s deputy CIO for global credit, Justin Plouffe, will add direct lending to his responsibilities, as global credit becomes biggest segment.

Carlyle reports Q4 results, four years of growth in global credit

The manager took a loss for a quarter and year in which credit’s “momentum” made for a bright spot.