Senior Debt

Thoma Bravo closes Credit Fund III on $3.6bn

Software-focused fund raises more than twice its target; $1bn is already at work in 20 companies.

Colbeck beats target with $700m for non-sponsored lending

The fund will continue the firm’s strategy of backing non-sponsored businesses in transition and taking a private equity-style approach to engagement.

Ares raises $2.3bn for life insurance firm

Aspida, which also sells annuities, has grown to $19bn in assets with support from Ares.

AEA’s Jung has a cautious view on 2025

Amid industry optimism on M&A, firm’s head of private debt sees rising need for recapitalisations and refinancings.

Triton beats €1bn target for third credit opps fund

The fund will focus on opportunistic investments in firms in the business services, industrial technology and healthcare sectors.

AshGrove hits hard-cap for fund II with €650m

The fund will continue the firm’s specialist focus on lending to B2B services and software companies.

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.

Why LP demand for senior debt is stronger than ever

Limited partners are playing it safe as the most secure part of the capital structure claims a greater share of fundraising.