Economy

Hercules reports record $2.7bn originations in H1

Amid general decline in originations, tech lender’s CEO credits firm’s relationships, discipline and support for its growth borrowers.

Castlelake to buy $4bn consumer loans originated by Upstart

Two-year forward-flow agreement deepens a relationship between the two that was forged in 2023.

Private credit’s asset-backed pivot

Scrutiny over software, BDC liquidity diverting managers’ attention back to what could be a $20trn market.

Blackstone credit inflows slow in Q2

But growth in insurance inflows helped boost total credit inflows to $33bn, nearly 50% of the firm’s total.

Monroe and AIP close $643m aviation securitisation

The portfolio has a weighted average aircraft age of approximately 5.6 years. This is very close to the average for commercial aircraft securitisation deals.

Carlyle-affiliated Fortitude Re strikes reinsurance deal with Unum

The deal to transfer $3.8bn of long-term care policies to Fortitude will earn Carlyle recurring fees.

Jiří Król: Regulators provides one good model, two with work to do

The Fed’s disciplined analysis of private credit stands in sharp contrast to the FSB’s too-broad definitions and the ECB’s skewed scenarios, argues the global head of the Alternative Credit Council.

AI in private debt: A modest start but rapid growth

Market participants need to get their heads around what has changed, what hasn’t and what soon may.

Are BDC intermediary relationships changing?

While some managers suggest their relationship with intermediaries is the same, investor capital continues to leave non-listed BDCs.