Fundraising by Asia-based private credit managers has fallen to its lowest level in more than a decade, as concerns over corporate defaults and high-profile bankruptcies prompt investors to favour larger, established US firms, according to a report by the Financial Times.
Los Angeles-based private equity firm LLCP has closed its fourth lower-middle-market fund – LLCP Lower Middle Market IV– at its $2bn hard cap after attracting commitments well above its original $1.7bn target.
Blackstone’s assets under management climbed to $1.35tn in the second quarter as strong fundraising and gains from artificial intelligence-related investments helped the alternative asset manager outperform earnings expectations, according to a report by Reuters.
Blackstone has reported a slowdown in redemption requests from investors in its flagship private credit vehicle, although fundraising into the fund has weakened significantly amid concerns over potential losses in parts of the private lending market, according to a report by the Financial Times.
Partners Group has raised more than $5.5bn for its latest infrastructure secondaries programme – a $1.7bn closed-ended fund, alongside bespoke mandates and co-investment vehicles – making it one of the largest dedicated fundraises in the sector to date.
Blackstone is partnering with Vanguard and Wellington Management to launch two new funds giving individual investors access to portfolios combining public and private assets, according to a report by the Wall Street Journal.
Clipway has closed its debut private equity secondaries fund on $6.4bn, making it the largest-ever first-time secondaries fundraise and establishing the firm as the world’s largest independent dedicated secondaries manager, according to a press statement.
The private markets secondary market reached a record $121bn in the first half of 2026, as asset managers increasingly used continuation vehicles to retain ownership of high-conviction “trophy” assets, according to a report by Bloomberg citing date from Evercore.
Japan’s Government Pension Investment Fund has made its first direct investment in a Japan-focused private equity fund, committing JPY20bn ($123m) to a vehicle managed by Advantage Partners, according to a report by Bloomberg.
UK insurers backing pension risk transfer transactions are increasing their exposure to private credit, with opaque and difficult-to-value assets now accounting for more than 10% of the portfolios of several major providers, according to a report by the FT citing data from S&P Global Ratings.
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