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Ares cuts €1bn private-credit vehicle to €400m after valuation...

Ares Management has reportedly cut the planned size of a European private-credit continuation vehicle from around €1bn to approximately €400m after prospective investors pushed for deeper discounts on the loans being transferred. The Financial Times reported that the assets came...

#Ares#continuation vehicles#credit secondaries

Palmer Square yield reaches 11.95% as NAV stays 16%...

Palmer Square Capital BDC increased its portfolio yield to 11.95% during the second quarter, but lower investment income and a…

#CLO refinancing#direct lending#net asset value


Carlyle closes three US CLOs as quarterly inflows reach...

Carlyle closed three new-issue US collateralised loan obligations during the second quarter as group-wide inflows reached US$16.8bn and available investment…

#asset-backed finance#Carlyle#CLOs


Manulife-Comvest raises US$5.4bn for cash-flow and asset-based lending

Manulife | Comvest Credit Partners has raised US$5.4bn of total investable capital in connection with the final close of Comvest…

#asset based lending#cash-flow lending#CCP VII


Ares closes US$8.2bn of direct lending commitments in second...

Ares Management’s credit funds closed approximately US$8.2bn of US direct lending commitments across 69 transactions during the second quarter of…

#acquisition finance#Ares Credit#Ares Management


Aperture Investors launches US$1bn ABF fund with support from...

Aperture Investors has announced the launch of a new asset-backed finance (ABF) strategy targeting US$1bn in capital commitments. This initiative…

#Aperture Investors#asset backed finance#direct lending


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