A new private credit fund has launched, specifically focused on senior secured loans to celebrity influencers. The new vehicle, called Celebrity Credit I, provides financing to limited companies founded by influencers to fund their luxury lifestyles. The first-lien loans will be used to finance holidays, luxury transport such as private jets, and meals in high-end […]
Asset management firm Breakwall Capital and energy and commodities company Vitol have closed their second private credit fund focused on mining and critical minerals. Valor Mining Credit Partners II is focused on making structured credit investments in mining and critical minerals companies. It primarily targets event-driven financing opportunities, including debt refinancing, acquisition financing and development […]
Canadian insurer Sun Life has acquired the remaining equity stake in global alternative credit manager Crescent Capital Group as it looks to expand its expertise in private debt. The insurer paid C$829m (£450.2m) for the remaining 49 per cent stake in $50bn (£37.9bn) Crescent. It follows Sun Life acquiring a 51 per cent stake in […]
Beechbrook Capital has provided a £2m working capital facility to Allegro Finance’s film and TV lending platform through funds managed on behalf of the British Business Bank. According to the firms, the facility will support Allegro’s institutional film and television lending platform and accelerate the flow of private capital into the UK’s creative industries. “This […]
17Capital has raised approximately $7.5bn (£5.7bn) for its net asset value (NAV) finance fund at final close, a record raise in the space. The 17Capital Credit Fund 2 is larger than its predecessor, which closed at $2.9bn in April 2022 and was the first dedicated fund for NAV loans, the manager said. According to PitchBook, […]
The US Department of Labor has proposed a new rule laying out how 401(k) plan providers should select alternative investments, including private credit. The US Department of Labor’s Employee Benefits Security Administration (EBSA) has proposed a regulation outlining the steps managers of 401(k) plans should take when considering alternative assets as part of their investment […]
Antares Capital has closed its second continuation vehicle with more than $1.7bn (£1.3bn) in commitments, led by $623bn alternatives manager Ares Management. The continuation fund purchased assets from a closed-end private credit fund managed by Antares, which comprised more than 300 underlying first-lien, floating-rate loans. The transaction was led by Ares Credit Secondaries funds, alongside […]
Blackstone has raised $6.3bn (£4.8bn) for its latest life sciences fund at final close, hitting its hard cap and marking a record raise for the alternatives giant. The $1.27tn asset manager said Blackstone Life Sciences VI (BXLS VI) fund was oversubscribed, with it being the largest life sciences private fund raised and is nearly 40 […]
Cracks are emerging in US private credit as defaults and payment-in-kind (PIK) usage increases, while emerging markets private debt is offering stronger protections and higher yields, according to Ninety One. In the US, high-profile bankruptcies, a credit default rate of 9.2 per cent for the 12 months to January 2026, and the increased use of […]
Muzinich & Co has opened an office in Abu Dhabi as the global corporate credit specialist looks to expand into the Middle East amid the ongoing conflict. The firm said the office will be led by Filomena Cocco, managing director of global business development, and will be located in the Abu Dhabi Global Market (ADGM), […]
BlackRock chief executive Larry Fink’s total pay skyrocketed to $37.7m (£28.5m) in 2025 after the asset manager posted a “historic” final quarter, with its assets rising to $14tn. According to a proxy filing published last week, Fink’s compensation increased from $30.8m in 2024 to $37.7m in 2025. The pay package included $1.5m in base pay […]
The International Finance Corporation (IFC), the private sector arm of the World Bank, has proposed committing $130m (£98.2m) to a global private infrastructure debt fund managed by BlackRock. In a filing, the IFC said it plans to invest in the closed-end Infrastructure Resilience Development Fund, which targets emerging markets and will invest in US dollar-denominated […]
Alantra Investment Managers has agreed to sell its 49 per cent stake in private asset manager Access Capital Partners (ACP) to Bankinter Investment for €115.1m (£99.9m). The €12.8bn manager said the divestment will allow the firm to redeploy capital into high-growth investment opportunities and is in line with its strategy of rotating assets once they […]
The risk of European automotive sector stress spilling over into small and medium-sized enterprise (SME) asset-backed securities (ABS) is “limited”, according to Moody’s Ratings. The ratings agency came to the conclusion after identifying that the SME ABS transactions it rates have “limited exposure” to SMEs operating in the automotive sector, while the short duration of […]
GoldenTree Asset Management has closed a $703m (£528.4m) collateralised loan obligation (CLO). It brings the number of CLOs issued by GoldenTree to 37, totalling nearly $21bn under its GoldenTree Loan Management (GLM) CLO strategy, which launched in January 2017. The new CLO, named GLM US CLO 28 and managed by GLM III, will initially be […]