Direct lending

Apollo’s credit unit drives record quarterly inflows and fee earnings

IG credit and ABF, as well as CLO management, part of the unit that represents 82% of AUM, contribute to the results.

CalPERS names Canio as head of private debt

The pension fund giant has hired Mascha Canio, who has managed public pension assets, to the new role.

Carlyle announces leadership changes

Mark Jenkins, Carlyle’s head of global credit, will become co-president of the firm alongside John Redett and Jeff Nedelman.

Blackstone credit and insurance unit brings in half of Q2 inflows

President Jon Gray sees the dealmaking pause in the rearview mirror, and expresses optimism for a return of M&A.

KBRA: Private credit a source of systemic strength

Direct lending takes pressure off banks, KBRA argues, aiding the financial system.

Sponsorless market set to gain from M&A slump – report

Direct lending to sponsor-backed corporates has become a crowded market, Federated Hermes’ report found.

Korea’s IMM leans on domestic LPs to close debut credit fund

IMM Credit & Solutions already has around $2.2bn of AUM across 12 investments, chief executive Chan-Woo Park and vice-president Jong Weon Lee tell PDI.

Blue Owl, Voya partner to provide private investments to DC plans

The partnership mirrors a recent announcement from another retirement services provider that touched off regulatory scrutiny.

San Bernardino pension sees potential for outperformance in European debt

After exploring Europe’s credit landscape, the $16bn Californian pension is looking to add a manager targeting an overseas strategy this fall.