Private Debt News

KKR secured a €1.1bn unitranche financing package from a consortium of private credit lenders to support its acquisition of Karo Healthcare, replacing a previously arranged syndicated loan deal in favour of a more flexible private debt solution.

Both leveraged loan and direct lending issuance rose to record highs in 2024, according to a new report by Fitch Ratings. According to new data from the ratings agency, leveraged loan issuance increased by 300 per cent year-on-year to $1.18tn (£0.9tn) last year, while direct lending issuance grew by 79 per cent year-on-year to reach […]

MSCI and Moody’s Corporation are partnering to develop a new solution aimed at providing independent risk assessments for private credit investments as demand grows among investors for greater transparency and standardised tools in a rapidly expanding market.

Daol Asset Management, a Korean debt funds manager, has officially taken control of 285 Madison Avenue, which once belonged to Aby Rosen and Michael Fuchs’ RFR Holding.

Kreditstrukturen. Bankkredite sind in Europa günstig, aber nicht für jede Immobilie verfügbar. Klassisches Mezzanine wollen viele Investoren derzeit nicht mehr machen und Fonds, die Vollfinanzierungen anbieten, sind von den Konditionen her oft nicht wettbewerbsfähig. Eine mögliche Lösung ist das Backleveraging, bei dem der Kreditfonds selbst einen Bankkredit aufnimmt.

Private Markets gewinnen zunehmend an Bedeutung als attraktive Alternative zu traditionellen Finanzierungsmöglichkeiten wie öffentlichen Märkten und Banken. Besonders kleine und mittlere Unternehmen profitieren von Private Debt als flexible Finanzierungsquelle, da Banken sich nach der Finanzkrise aufgrund regulatorischer Hürden auf vielen Märkten zurückgezogen haben, so sieht das zumindest Nils Rode im Redaktionsgespräch. Zudem ermögliche Private …

As market volatility, exacerbated by US President Donald Trump’s trade ‘policies’, intensifies, investors are increasingly seeking liquidity by offloading their private credit assets, with fund managers and industry insiders noting that secondary market activity for private credit holdings could see a significant uptick, according to a report by Reuters.

CVC Capital Partners, the Amsterdam-listed European private equity major, has reportedly explored a potential acquisition of Golub Capital, one of the largest independent private credit lenders in the US, according to a report by the Financial Times.

US lower mid-market direct lending manager Freeport Financial Partners has closed its sixth direct lending fund with $2bn (£1.5bn) in investable capital raised. The Freeport First Lien Loan Fund VI was oversubscribed, exceeding its initial target by more than $200m, with total equity commitments of $1.2bn and $800m in targeted leverage.

Global market volatility is scaring away the M&A and buyout activity that the private credit market badly craves. However, the same extreme market swings may also push borrowers away from the public debt markets and toward private credit, ultimately helping private credit lenders win deals, market participants say.

Pantheon Ventures has held the final close of Pantheon Senior Debt III at $5.2bn in total committed capital, marking one of the largest dedicated private credit secondary raises to date, according to a report by Wall Street Journal.