PE Tech Report

Private Credit

Blackstone Private Equity

Blackstone eyes private credit expansion

Blackstone is intensifying its focus on international credit opportunities, and is aiming to grow its portfolio to include a wider range of debt, including local-currency investments, according to a report by Bloomberg quoting the company’s Global Head of Credit & Insurance, Gilles Dellaert.

AlbaCore eyes €2bn in senior lending initiative

AlbaCore Capital is looking to raise over €2bn ($2.2bn) for a new senior direct-lending strategy which will compete with established lenders including Ares Management Corp and Intermediate Capital Group, according to a report by Bloomberg.

Private credit defaults climb to 2.71%, says latest Proskauer index

Overall private credit default rates climbed to 2.71% in Q2 2024, according to the latest Private Credit Default Index from law firm Proskauer, which comprises 922 active US senior-secured and unitranche loans loans with an approximate original principal amount of $150.7bn.

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