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
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
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
Lower Middle Market Direct Lending: The Underserved $9 Billion Niche Below the Radar
TL;DR: Lower middle market (LMM) direct lending targets companies with $5M to $25M EBITDA. It pays 100 to 150 basis points more than upper-middle-market loans, carries lower leverage (4.0x vs. 5.0 to
Tikehau Capital Closes €5.2 Billion European Direct Lending Fund — 60% Bigger Than Prior Vintage
Tikehau Capital Closes €5.2 Billion European Direct Lending Fund — 60% Bigger Than Prior Vintage Tikehau Capital Closes €5.2 Billion European Direct Lending Fund — 60% Bigger Than Prior Vintage By Jef
Private Credit Raised $16 Billion in Q2. Only Half of It Found a Home
Direct lending funds raised $16.25 billion in Q2 2026, up from just $1.3 billion in Q1, according to a Reuters report citing Preqin data . But the money isn't finding a home fast enough. That...
Sagard's Third Private Credit Fund Just Hit $1 Billion. Here's What It Means for Direct Lending
Sagard just closed the first tranche of its third direct-lending fund at more than $1 billion, according to Alternative Credit Investor . The Canadian alternative asset manager pulled...
Hayfin's €15 Billion Fund Close Shows Where Smart Money Hides From Private Credit Liquidity Risk
Hayfin's €15B Direct Lending Fund V close reveals why institutions avoid semi-liquid BDCs. What accredited investors must know before allocating.
Private Credit's $2 Trillion Blind Spot: What It Actually Shares With Pre-2008 CDOs
Private credit has grown into a $1.5-2 trillion global market, and in the fourth quarter of 2025, 20 BDCs posted net asset value declines of 1.5% or more in a single quarter, the worst reading of the...
BlackRock's Private Credit CEO Is Out. Here's What the TCP Capital Mess Tells Accredited Investors
BlackRock TCP Capital's CEO is stepping down amid a federal valuation probe and two NAV markdowns in five months. Jeff Barnes breaks down what it means.
Cov-Lite Loans and the Covenant Erosion Hiding in Your Private Credit Portfolio
TL;DR Over 90% of large-cap leveraged loans are now covenant-lite, yet recovery rates on cov-lite senior secured debt trail covenanted loans by roughly 10 percentage points, running at 65 to 67 cents
Private Credit's Inflection Point: Why LP Demand Is Cooling and What Accredited Investors Should Do Now
Alternative Investments Private Credit's Inflection Point: Why LP Demand Is Cooling and What Accredited Investors Should Do Now By Jeff Barnes, MBA | Angel Investors Network | June 24, 2026 TL;DR L...
Gulf Partners Group's $100M NinjaTrader Deal Signals a Structural Shift in GCC Private Credit
A Bahrain-based private markets firm that launched just five months ago has already closed a $100 million senior secured private credit facility for NinjaTrader Group Holding — and if you follow where
Direct Lending vs Broadly Syndicated Loans: A Private Credit Investor's Guide
TL;DR: Two corporate debt markets, each sitting at roughly $1.55 trillion in outstanding balances, now compete for the same PE-backed borrowers. Direct lending pays 9.8-10.3% with maintenance covenant
Eurazeo Closes at 3.9 Billion Euros for Direct Lending Fund VII: What European Private Credit Means for US Accredited Investors
TL;DR: Eurazeo Private Debt VII closed at 3.9 billion euros in June 2026, exceeding its 3 billion euro target by 30%. The total programme including private wealth mandates reaches 5.5 billion euros.
Crescent Capital Closes $10.8B Direct Lending Fund: What the Record Raise Signals for Private Credit
Crescent Capital Group closed its fourth U.S. direct lending fund on June 3, 2026, raising $10.8 billion in total investable capital, more than double the $4.2 billion predecessor fund closed in...
Crescent Capital Closes 0.8B Fund: Private Credit Is Booming. Here Are the Risks.
TL;DR According to a June 3 BusinessWire release , c rescent Capital Group closed its fourth direct lending fund at $10.8B in investable capital on June 3, 2026—the largest in the firm's 35-year
Where $2 Trillion Is Flowing: The Private Credit Market in 2025 and What It Means for Your Portfolio
Where $2 Trillion Is Flowing: The Private Credit Market in 2025 and What It Means for Your Portfolio TL;DR: Private credit crossed $2.1 trillion in AUM for the first time in 2024, and the Cliffwater…
Private Credit in 2026: $1.5 Trillion Market, FSB Systemic Risk Warning, and What Retail Investors Miss
TL;DR Private credit now sits at $1.5–$2 trillion in global AUM. Preqin projects $4.5 trillion by 2030. Senior secured direct lending yields 9–11% all-in today (SOFR ~3.7% plus 550–650 bps...
Private Credit Hits $2 Trillion: What Accredited Investors Need to Know Before Jumping In
Private Credit Hits $2 Trillion: What Accredited Investors Need to Know Before Jumping In TL/DR: Private credit is a $2 trillion market that now rivals the entire U.S. high-yield bond market in siz...