Blue Owl Capital has seen its shares drop to their lowest level since December 2023 following the firm’s decision to restrict redemptions from one of its oldest private credit funds, according to a report by Bloomberg.

Global private markets manager CVC has expanded its CVC Secondary Partners strategy into the rapidly growing credit secondaries market, with the launch of a dedicated global credit secondaries platform.

Credit strategies accounted for about $152bn of the $257bn total capital raised by six major publicly-listed alternative-asset managers in Q3, highlighting a continued shift of investor focus toward lending and debt-based platforms, according to a report by Bloomberg.

Cybersecurity platform Optiv Inc, backed by KKR & Co, has initiated confidential negotiations with holders of its second-lien loans as it confronts a wave of maturing debt in 2026, according to a report by Bloomberg citing people familiar with the matter.

IT services firm ManTech International Corp has launched a $2.3bn leveraged financing package — comprising a $2.15bn term loan B and a $150m delayed-draw facility — in a bid to refinance existing private credit debt, according to a report by Bloomberg citing an unnamed person familiar with the matter.

Duke Energy Corp and Xcel Energy Inc are in discussions with private credit lenders to finance portions of their long-term infrastructure investment programmes, in what could mark a significant shift for the US utilities sector, according to a report by Bloomberg citing executives from the firms.