Direct lending

FCERA approves $250m debt allocation and $300m to $400m pacing plan

The Fresno-based pension fund maintains its 8% target allocation to private debt, sees reasonable IRR from those funds.

BC Partners Credit to acquire Runway Growth

Agreement, expected to close by end of 2024, gives BP Partners benefit of Runway’s expertise in ‘growth lending’.

Carlyle’s credit AUM grew nearly 30% in the last year

The firm’s Q3 report shows private equity growth has been muted compared with other units of the business

Credit investing brings record quarterly origination volume for Apollo

Management fees and total inflows in Q3 were buoyed by growth in the credit unit.

Ares deploys $24.1bn from private credit strategies in Q3

Credit accounted for more than 80% of the manager’s deployment in the latest quarter.

Investors want direct lending and senior positions – BlackRock

Established managers dominate fundraising and expand the addressable class of borrowers, according to a paper by the manager.

Private credit’s growth opportunities take shape, says abrdn Investments

An evolving investor base is creating an environment in which private credit can flourish, says abrdn Investments’ head of private credit Neil Odom-Haslett.

Bain Capital: Direct lending emerges alongside special situations in Asia

For those willing to build scale and adapt to local idiosyncrasies, Asia-Pacific has a lot to offer, according to Barnaby Lyons, a partner and the global head of special situations at Bain Capital, and Andrew Schantz, a partner in Bain Capital’s private credit team in Asia.

Barings on direct landing in the APAC region

Shane Forster and Justin Hooley, Asia-Pacific portfolio managers at Barings, explain why this segment of the direct lending market offers a compelling growth story.

The direct-lending approach by InterVest capital partners

Direct lending is gaining traction with investors seeking more private deals with creative structures, say InterVest capital partners’ Michael Gontar and Steven Tenenbayev.