Bain Capital's $250 Million Playfly Loan: A Private Credit Case Study for Accredited Investors
On September 3, 2026, Bain Capital's private credit group closed a $250 million senior credit facility for Playfly Sports, a sports media and sponsorship rights company owned by Baltimore-based privat
Wall Street Built Two Evergreen Fund Structures. Institutions Got the Illiquid One. Retail Got the Redemption Gate.
On September 7, 2026, Alternative Credit Investor reported that Bridgepoint has set up Bridgepoint Direct Lending Evergreen in Luxembourg, a perpetual private credit vehicle for institutional investor
Alpha Dhabi Doubles Its Stake in Mubadala Capital Micad Credit JV to $1 Billion
TL;DR: Alpha Dhabi Holding has doubled its capital commitment in the Micad Credit joint venture to $1 billion, lifting its ownership stake from 20% to 40% in a vehicle that now manages $1.7 billion...
Middle-Market CLOs Explained: How BDCs Fund Their Loans Without Margin Calls
You own shares in a business development company (BDC) because you want exposure to private-credit yield without underwriting individual loans yourself. But the return you collect depends on how that...
Private Credit Just Raised $119 Billion in One Quarter. BDC Defaults Just Hit a Record Too.
Private credit funds raised $119 billion in the second quarter of 2026 alone, the fastest single-quarter pace on record, at the same time loan defaults inside the funds that hold this debt hit their...
Private Credit Fundraising Hits a Record First Half in 2026 Even as BDC Redemptions Surge: The Bifurcation Explained
TL;DR: Institutional private credit fundraising hit $190 billion in final closes in H1 2026, a 53% jump over H1 2025 and already 80% of last year's full-year total, according to With Intelligence's August 12, 2026 H1...
Private Credit Is Financing the AI Datacenter Boom. Here's the Concentration Risk Nobody's Pricing.
TL;DR: Private credit funds are underwriting the AI datacenter boom by lending against GPUs and hyperscaler contracts, and the industry is pitching it as diversified, asset-backed credit. It is not....
Star Mountain CFO I: What a KBRA-Rated Collateralized Fund Obligation Tells You About Where Insurance Capital Is Flowing
TL;DR: Star Mountain Capital, an employee-owned New York-based alternative asset manager with approximately $5 billion in assets under management (AUM as of July 31, 2026), has closed Star Mountain CF
Bridgepoint Closes €5.1 Billion BDL IV: What European Direct Lending's Breakout Moment Means for US Investors
TL;DR: Bridgepoint has closed Bridgepoint Direct Lending IV (BDL IV) at €5.1 billion in total commitments (including investor subscriptions, term leverage, and co-investment vehicle allocations), surp
Manulife Comvest Hits $5.4B Record Close: What It Tells You About the Private Credit Cycle
Manulife Comvest Credit Partners closed Comvest Credit Partners VII at $5.4 billion on August 3 — the largest fundraise in the platform's 20-year history. The record close arrives as private credit de
How to Evaluate a Private Credit Manager Before Committing Capital: A Due Diligence Checklist
Private credit defaults hit a record 9.2% in 2025, with small-company loans defaulting at 15.8%. Yet first-lien senior secured lenders recovered at or near par in most cases. The spread between good a
NAV Loans in Private Equity: How GPs Borrow Against Fund Portfolios to Pay LPs
By Jeff Barnes, MBA | Angel Investors Network | August 3, 2026
Cov-Lite Loans in Private Credit: What the Lack of Covenants Means for Direct Lending Investors
By Jeff Barnes, MBA | Angel Investors Network | August 3, 2026
PIK Loans in Private Credit: What Payment-in-Kind Notes Mean for Direct Lending Investors
By Jeff Barnes, MBA | Angel Investors Network | August 3, 2026
Ares Management Q2 2026: $52 Billion in Direct Lending — What It Means for Accredited Investors
Ares Management closed $8.2 billion in new U.S. direct lending commitments in Q2 2026 alone, bringing its trailing 12-month total to $52.3 billion. That number tells you where institutional capital
Eagle Point's $14B Private Credit Bet on U.S. Battery Manufacturing
Private credit managers raised $262 billion in the first half of 2026 alone, a 30% increase year-over-year, according to Credit Crunch's H1 2026 market analysis . The latest example: Eagle Point Credi
Private Credit in 2026: The $1.7 Trillion Market Accredited Investors Can Now Access
Global private credit assets under management have reached approximately $1.7 trillion in 2026, up from $250 billion in 2012, according to Preqin's 2026 Global Private Debt Report — a 15%+ annualized
Venture Debt: What It Is, Who Uses It, and When It Makes Sense vs. Equity
According to the 2025-2026 Venture Debt Report from Runway Growth Capital and PitchBook , U.S. venture debt reached $68.8 billion in 2025 across approximately 1,000 deals — the highest annual volume o
BlackRock's $220B Private Credit Machine: What HPS Changes for Direct Lending and What It Means for Investors
According to BlackRock's official press release , the firm completed its acquisition of HPS Investment Partners in July 2025, creating a private credit platform managing approximately $220 billion in
PGIM Acquires Deerpath Capital: How Full-Spectrum Direct Lending Works from $5M to $500M Deals
TL;DR: PGIM announced July 27 it is acquiring the remaining 25% of Deerpath Capital, completing its full ownership of a lower middle market lender with $9 billion in AUM and 1,200 transactions over 20