Direct lending

ABF managers emphasise discipline following bankruptcies

Though collapses primarily occurred on bank balance sheets, alternatives managers have sought to get ahead of the problem.

Investment-grade credit in focus for Blackstone’s 2025 earnings

Blackstone’s IG Credit AUM is now $130bn, up 30% year-on-year.

CVC to acquire US manager Marathon

The deal will significantly expand CVC’s presence in North America and follows the signing of a $3.5bn partnership with AIG.

CIBC’s asset management arm launches private credit fund

The bank’s asset management unit offers exposure to senior secured, floating rate debt.

Connecticut pension approves $2.7bn credit allocation in 2026

The state pension fund looks to boost allocation from 6% to 10% by 2029.

Senior debt fundraising falls from its peak

Our data for private credit capital raising by strategy shows investors once again diversifying their commitments rather than concentrating them.

Los Angeles pension sets $550m private credit target for 2026

LACERS has set in motion a plan to grow allocation to the asset class from 1.9% to 5.75%.

Apollo’s Midcap gets ratings upgrade after $3.1bn debt issuance

The manager’s primary direct-origination platform’s senior unsecured notes and credit facility are now rated investment grade.

DOWNLOAD: Fundraising hits new high in 2025

Fundraising hit a new record in 2025, but only just!

Rise of the robots: AI in private credit

Credit managers have been experimenting with AI in 2025, with many expecting it will become an integral part of the private credit landscape in the near future.