Private Debt News

As the private debt market matures, it’s creating an opportunity for lenders to define explicitly what they mean when they describe themselves as a “middle-market” firm

Banks have seized the opportunity presented by lower interest rates to recapture corporate debt deals from private credit funds, refinancing around $30bn in private debt through broadly syndicated loans so far this year, according to a report by Bloomberg.

JPMorgan Chase & Co is joining forces with Cliffwater, FS Investments, and Shenkman Capital Management Inc to increase its footprint in the booming $1.7tn private credit market, according to a report by Bloomberg, citing unnamed sources familiar with the matter.

Citigroup Inc and Apollo Global Management Inc have announced a strategic partnership to target $25 billion in private credit transactions over the next five years, marking a significant expansion into the rapidly growing sector, according to a report by Bloomberg.

Despite global market challenges, assets under management in Luxembourg’s private debt market increased by 21% to €510bn from June 2023 to December 202, compounding on last year’s AuM growth of 51%, according to a survey by Association of the Luxembourg Fund Industry (ALFI).

Dubai-based asset manager Ajeej Capital and venture capital firm Nuwa Capital have partnered to launch a $100m private debt fund aimed at providing debt capital to technology-focused companies across the MENAT region, with a particular focus on the GCC.

Blue Owl Capital Inc is leading the $3.2bn private debt financing to support the acquisition of Smartsheet Inc by Blackstone Inc and Vista Equity Partners for $8.4bn, with participation from 20 other lenders, according to a report by Bloomberg.

The demand for private debt from corporates is on the upswing. Participants at the 7th Börsen-Zeitung Private Debt Conference discuss the different strategies of private credit providers.

An investment manager belonging to a UK pensions group has launched a private credit fund seeded by money from a defined benefit (DB) master trust. TPT Investment Management, which is part of the TPT Retirement Solutions group, has seeded the fund from TPT’s DB master trust and launches with £650 million in assets invested in […]

Not all private credit opportunities are the same, but not to worry — according to Anders Persson, CIO of Global Fixed Income at Nuveen, we are in the midst of a multi-year boom in private alternative credit, with even more growth on the horizon. The team at Nuveen is urging clients to consider broader diversification […]

Bahlam Capital (“Bahlam”), a Central American-based private equity firm focused on transformational growth opportunities, announced that it provided growth capital in the form of a mezzanine loan to Albedo Solar Leasing, S.A. (“Albedo” or “the Company”) on July 17, 2024.

Private debt assets under management (AUM) are set to reach an all-time high of $2.64tn (£2tn) by 2029, with direct lending predicted to maintain its dominant position. A new report from industry data provider Preqin forecast a 9.88 per cent compound annual growth rate for overall private debt from the end of 2023 to 2029. […]