Private Debt News

Private credit and other forms of private capital have emerged as attractive alternatives to traditional bank loans and capital market offerings for many companies. These sources of funds were critical in recent years when the markets for broadly syndicated bank loans and traditional securities offerings were uncertain and volatile due to rising interest rates, inflation, […]

Apollo Global Management has launched a new private credit fund, Middle Market Apollo Institutional Private Lending, that will invest money from an affiliate of Mubadala Investment Company and other institutional investors, according to a report by Bloomberg.

Blackstone has partnered with Finland’s S-Bank to broaden access to its European private credit fund, with the latter creating a feeder fund that will invest its clients’ capital into the Blackstone European Private Credit Fund SICAV, according to a report by Alternative Credit Investor.

Direct lending now makes up less than a third of the global private debt market as the asset class continues to diversify into other strategies. PitchBook’s 2023 annual global private debt report found that direct lending accounted for 31.8 per cent of all fundraising for private debt last year, which totalled $190.9bn (£150bn) across the […]

Over the past two years, private credit has gone from a supporting role to a starring role in financing transactions such as leveraged buyouts, bolt-on acquisitions, and refinancings. The share of transactions financed by private credit in European markets more than doubled between 2020 and 2023, from 27% to 56% (Exhibit 1).

Los Angeles, CA (March 18, 2024) – Investment funds managed by Mesa West Capital (“MWC”) and Morgan Stanley Real Estate Investing (“MSREI”) have funded a $150 million mezzanine loan to finance an industrial construction project in Tacoma, WA for Bridge Industrial. The mezzanine loan, along with a $263 million first mortgage construction loan originated by […]

Many private credit lenders are making preferred equity — a hybrid of debt and equity — investments in the firms’ companies, which gives them a place in the repayment chain, senior to the private equity firms but junior to existing creditors.