Plume, the RWAfi (real world asset finance) chain, and Goldfinch, the onchain private credit platform, announced a partnership to expand access to high quality private credit assets on Plume’s RWA staking platform, Nest. This partnership will reportedly aim to widen access to institutional-grade private credit… Read More
State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), announced the launch of the SPDR SSGA Apollo IG Public & Private Credit ETF (PRIV). Managed by the State Street Global Advisors Active Fixed Income Team, PRIV reportedly allows all investors… Read More
AltNovel, an investment platform based in ADGM providing private market solutions, announced a private credit partnership with RockCreek. This partnership aims to offer investors diversified “access to income-generating opportunities through co-investments in private credit markets.” This partnership expects to focus on private credit investments “that… Read More
Private Credit is a growing market in the US and globally. A recent estimate places the US market at over $1.25 trillion. While still relatively small in comparison to bank lending and the bond market, private credit is an asset class that is gaining popularity… Read More
Private credit and non-bank lending have been increasing for years now. A recent report indicates that “dry powder” has reached $159.38 billion in the US – the largest amount ever. Historically, it has been the banks that provided loans for businesses and consumers. Still, the… Read More
AXA IM Alts, a global firm focused on alternative investments, with €185 billion of assets under management, announces it has launched its private credit fund under the European Long-Term Investment Fund 2.0 regulation (ELTIF 2.0), which has reportedly raised more than €230 million. The Fund,… Read More
Colbeck Capital Management, a middle-market private credit firm focused on lending, has recently announced that it raised $700 million in capital commitments for its third flagship fund, Colbeck Strategic Lending III, “exceeding its target by 40%.” The Fund received support from existing Colbeck clients and… Read More
Ramirez Asset Management, Inc., a fixed income and equity investment manager serving institutional investors and high net worth investors, has reportedly acquired the private credit opportunities strategy team and their assets from hedge fund manager Avenue Capital Group. The acquisition, which closed on Oct 1,… Read More
SC Lowy has reportedly decided to accelerate its pivot towards private credit, an area “rich” with various opportunities in Asia and the Middle East, that will pave the way for the “gradual” wind down of its open-ended liquid Primary Investments Fund (PI). Initially launched as… Read More
Willow Tree Credit Partners LP, a private credit alternatives firm, announced the closing of Willow Tree CLO II, which is a $502.3 million Collateralized Loan Obligation (CLO). Willow Tree’s second CLO, closing within 2 months of its first CLO, signifies Willow Tree’s strong “positioning and… Read More
Singapore’s Temasek announced the formation of a wholly-owned private credit platform. Temasek explained that it has been investing in credit funds for more than 10 years, the announcement noted. In 2016, Temasek assembled a credit & hybrid solutions team to buildout its direct and fund investments… Read More
Forum Partners, a global real estate investment and asset management firm, and its portfolio company TSCG, announced the launch of TSCG Credit Opportunities I, LLC, a private credit fund seeking to raise up to $25 million from accredited investors, with the option to “increase the… Read More
Cash management and capital markets solutions Arc has launched an artificial intelligence (AI) platform for private credit. Arc Intelligence is said to be the first AI-enabled platform to tackle private credit. The first product is AI Private Credit Analyst, designed to assist credit teams in… Read More
International law firm Proskauer revealed the results of its Q3 2024 Private Credit Default Index, with an overall default rate of 1.95%. As mentioned in the latest update from Proskauer, the Q3 default rate is a decrease from 2.71% in the prior quarter. However, Proskauer… Read More
Siepe LLC, a provider of software and technology-enabled services for private credit and CLO managers, has raised $30 million in a Series B funding round led by WestCap, a strategic operating and investing firm with $6 billion in assets under management (AUM). The investment will… Read More
Qiro Finance, a Singapore-headquartered decentralized finance (DeFi) startup founded by Akshay Poshatwar and Nishikant Bahalkar, announced a successful $1.2 million funding round to develop a decentralized credit protocol aimed at bridging the significant credit gap in emerging markets. The startup said it is innovating at… Read More
The private credit market, in which specialized non-bank financial institutions such as investment funds lend to corporate borrowers, “topped $2.1 trillion globally last year in assets and committed capital,” according to an update shared by the International Monetary Fund (IMF). About three-quarters of this was… Read More
Private credit investor TDC has secured additional commitments to its Impact Fund, unlocking vital resources for ambitious small businesses in the North of England. The Impact Fund, which focuses “on driving job creation across the North of England, was launched in May 2022 after securing… Read More
Klar, S.A. de C.V., the Mexico City-based digital financial services platform, announced that it has secured a $100 million credit facility from Victory Park Capital (VPC), a global alternative investment firm specializing in private credit. The financial support from VPC will aim to “propel Klar… Read More
Global fintech company SumUp announced that it has entered into a US$100 million credit facility with Victory Park Capital (VPC), a global alternative investment firm specialising in private credit. The credit facility will enable SumUp “to provide advance payments to merchants based in the UK… Read More
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