Direct lending

LA Fire & Police content to continue measured deployment pace into private credit

A California pension with about $37bn is shy of a 3% target for private credit, with a 1% actual allocation.

How KKR brings public and private finance together

PDI spoke with KKR’s Michael Small and Mark Danzey about the firm’s approach to financing.

Investors pull $3.7bn from Blackstone evergreen

BCRED lifted its 5% redemption limit to 7% of assets.

New York Life and Candriam acquire majority stake in Kartesia

The deal sees the existing minority shareholder take 80% of the European private credit business.

NEXUS 2026 panel: Direct lending is a crowded trade

Competition for deals has risen to fever pitch and sourcing is a key differentiator, delegates heard.

BNP Paribas: ‘Alternative” evergreen structures attract institutional investors

Run-off evergreens and rolling vintage umbrella funds are giving LPs more flexibility than traditional closed-end drawdown funds.

Davis Polk & Wardwell on why deployment and fundraising diversification drive growth

The next phase of private credit’s expansion will come from a wider array of strategies as fierce competition catalyses greater creativity in the hunt for returns and scale, say Davis Polk & Wardwell partners Zachary Frimet, Jason Kyrwood and Nicholas Palumbo.

LPs look past the negative headlines

There appears to be a disconnect between critical commentary in the mainstream press and private debt’s enduring appeal to investors. PDI gauges LP opinion.

The ABF pivot winning over US limited partners

Managers will expand their capabilities within asset-backed finance in 2026, but focus on partnerships with originators.

Nuveen Private Markets on structuring ABF deals to meet LP demand

What are investors looking for as they seek to exploit the ABF opportunity? Laura Parrott, senior managing director and head of private fixed income, and Jessica Bailey, global head of infrastructure, at Nuveen Private Markets, provide answers.