Direct lending

Pemberton signs deal to manage Zurich credit ELTIF portfolio

The deal is part of Pemberton’s long-term goal to expand its investor base into the wealth management space.

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.

TPG Twin Brook: The lower mid-market offers a compelling opportunity

Targeting lower middle market borrowers offers a pricing premium and better lender protections, but a long-term commitment to this segment is critical, says Rich Christensen, senior partner at TPG Twin Brook.

How to grasp the credit opportunity

There are many different definitions of the credit opportunities strategy, but all offer flexibility and a distinct position in the investing spectrum.

Mid-market borrowers pass stress test amid higher rates, report says

KBRA says its assessment portfolio experienced ‘only a slight deterioration’ in interest rate coverage.

Permira Credit chiefs reveal plans for growth in 2024

The firm’s new co-heads took over at the beginning of the year with plans for new products and geographies to expand the London-based manager’s debt footprint.

Fiera Private Debt holds a first close for a flagship credit fund

The seventh vintage of the manager’s direct lending fund raises C$350m and targets high-quality, mid-market Canadian businesses.

Carlyle launches evergreen credit strategy for individual investors

The new strategy will invest in deals alongside existing Carlyle funds in direct lending, opportunistic credit and real assets debt.

BDCs defy turbulence

Macroeconomic pressures may be a cause of concern, but business development companies appear in generally good shape.