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.
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.
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.
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.
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.
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.
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%
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
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.