Crescent Capital Group has raised $3.2bn for a continuation vehicle, marking the largest fundraise to date for a strategy focused on private credit secondaries, according to a report by Bloomberg. The fund will allow the manager to hold selected credit assets for longer amid a slower dealmaking environment.
A team spun out of recently overhauled hedge fund Taconic Capital Advisors’ European credit platform has launched Dolomite Capital, an independent firm with $1.3bn in assets under management, according to a report by Bloomberg.
CVC has entered into a strategic partnership with American International Group (AIG) under which the private markets firm will manage up to $2bn in insurance-focused private credit mandates, according to a report by Alternative Credit Investor.
Clayton Dubilier & Rice and TPG are in discussions with private credit firms, including Blue Owl Capital, to raise at least $2.5bn of debt to refinance portfolio company Covetrus, according to a report by Bloomberg citing people familiar with the matter.
Private credit investors withdrew more than $7bn from some of Wall Street’s largest funds in the final months of 2025, as concerns over credit quality weigh on the fast-growing asset class, according to a report by the Financial Times.
The rate of senior loan writedowns by private credit funds has more than tripled since 2022, as higher interest rates place increasing pressure on riskier borrowers, according to a report by Reuters citing MSCI.
Legal software firm Relativity ODA has reduced borrowing costs on its existing private debt after refinancing a $720m first-lien term loan in the leveraged loan market, as public market investors continue to displace private lenders, according to a report by Bloomberg.
Alternative asset manager TPG Inc is to acquire $2.4bn of consumer loans from OneMain Holdings Inc, as private credit firms boost their footprint in the consumer credit market traditionally dominated by banks, according to a report by Bloomberg.
Saudi Arabian investment firm Jadwa Investment Co is expanding its private credit platform as it seeks to capitalise on growing demand for alternative financing across the Gulf region, according to a report by Bloomberg.
Ares Management Corp has led a group of private credit lenders in increasing the financing for health-care software platform Global Healthcare Exchange (GHX) as it is acquired by Veritas Capital, according to a report by Bloomberg.
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