Hines Rialto Closes 1.1B Office Credit Fund
Hines and Rialto Capital closed their co-general partnership fund, Hines Rialto Credit Partners, at $1.1 billion in investor commitments on September 15, 2026, attracting 126 investors at a $100,000 m
Valinor VBDC: BDC Tokenization or Public Market Wrapper?
Valinor Digital launched the Valinor BDC Exposure Fund (ticker: VBDC) on September 11, 2026, as the fourth tokenized fund on Superstate's FundOS infrastructure, built on Ethereum. The Defiant's report
What a Form D Really Tells You: A $1.14 Billion Case Study
On September 8, 2026, Arrow Credit Opportunities III SCSp, SICAV-RAIF filed a Form D/A with the Securities and Exchange Commission reporting $1,306,105,700 sold to 25 investors. The filing discloses i
How to Read a BDC Tender Offer Letter Before You Get Prorated
The SEC's December 2024 Investor Bulletin on non-publicly traded BDCs is blunt: investors in retail-offered BDCs can generally only sell their shares when the BDC offers to repurchase them , and those
A Fed Rate Hike Would Boost BDC Income Immediately. Here's the Catch.
Seven of the largest publicly traded business development companies (BDCs) disclose in their June-quarter SEC filings exactly what a 100 basis point base-rate rise is worth to them: across all seven,
BDC Redemption Requests Are Easing, Except at One Fund: A Q3 2026 Data Read
Three of the four largest non-traded business development companies (BDCs) reporting Q3 2026 repurchase data through September 11 show declining redemption-request percentages from the prior quarter.
Direct Lending vs. Syndicated Loans: What Accredited Investors Should Know
Over 85% of new U.S. leveraged loans carry covenant-lite terms, while direct lending offers tighter covenants at the cost of full illiquidity.
EIG Closes $4 Billion Senior Infrastructure Debt Platform: What Accredited Investors Need to Know
Senior infrastructure debt manager EIG closed SIDF VI at $1.9 billion, with the full $4 billion platform exceeding its original target by 33 percent.
HarbourVest Raises $2.4 Billion for Private Credit Secondaries
HarbourVest Partners raised $2.4 billion across two private credit secondary vehicles, marking an institutional bet on this fast-growing strategy.
Private Credit's Quiet Repair Shop: Why Amend-and-Extend Is Masking Real Risk
Federal Reserve data shows PIK usage in BDC portfolios rising 67 percent over three years. Jeff Barnes examines how amend-and-extend may be masking real credit deterioration in private credit.
PennantPark Raises $745 Million for a Credit Continuation Fund
PennantPark closed a $745 million GP-led credit continuation fund backed by Pantheon, moving first-lien loans from seven aging funds into PCS and giving LPs a cash-out or roll-forward option.
Perpetual vs. Closed-End Private Credit Funds: An LP's Practical Guide
Same GP, same loans, two completely different mechanics. Here is how closed-end capital calls and evergreen redemption gates actually work for private credit LPs, plus a fee-by-fee breakdown.
Jefferies Credit Partners Builds $4 Billion European Direct Lending Platform Anchored by Allianz Global Investors
Jefferies Credit Partners secures approximately $4 billion in European direct lending capacity, anchored by Allianz Global Investors. Here is what this deal means for private credit LPs and independent managers.
Hercules Capital Closes $2.3 Billion Across Two Private Credit Vehicles
Hercules Adviser closed two private credit vehicles in September 2026, raising $2.3 billion. The Evergreen Fund offers perpetual LP access while Growth Lending IV follows a closed-end model.
Arini Capital Nears $4 Billion Final Close on Debut European Direct Lending Fund
Arini Capital Management nears a $4 billion final close on its debut European direct lending fund, anchored by BCI at $200 million with a 12 to 14 percent net IRR target and a Lazard sourcing partnership.
What Sixth Street Lending Partners' $500 Million Capital Call Actually Signals
On September 1, Sixth Street Lending Partners called 500 million against a closed commitment pool. Here is what that actually means for investors.
When a Stablecoin Issuer Becomes a Private Credit Lender: The Tether-Fasanara Fund Explained
TL;DR: On September 9, 2026, London-based private credit manager Fasanara Capital and USDT stablecoin issuer Tether announced the Tether-Fasanara
ICG Europe Fund IX Closes at €12 Billion: What the 77% Re-Up Rate Signals About Manager Selection
TL;DR: On September 9, 2026, London-listed alternative asset manager ICG announced the final close of ICG Europe Fund IX at €12 billion , a 50%
How to Read a BDC's NAV Markdown Before You Panic: A Checklist
In January 2026, BlackRock TCP Capital Corp. (TCPC) filed an off-cycle disclosure warning that its net asset value per share would fall approximately 19% in a single quarter, from $8.71 to between $7.
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