Blackstone expects razor-thin corporate bond spreads to accelerate investor demand for private credit, where returns remain significantly higher, according to a report by Bloomberg citing Michael Zawadzki, CIO of Blackstone’s credit and insurance group.

The global private credit market is set for significant growth, with projections indicating an increase of up to $300bn by 2030, according to new research by Wealth Club, a UK non-advisory investment platform for private market and tax-efficient investments.

HPS Investment Partners and Blue Owl Capital are providing a $1.2bn private credit package to support GTCR’s acquisition of home security provider SimpliSafe from Hellman & Friedman, according to a report by Bloomberg.

Blue Owl Capital and Oak Hill Advisors are leading a $1.3bn private debt financing package for Wrench Group, the US residential services company backed by Leonard Green & Partners, TSG Consumer Partners and Oak Hill Capital, according to a report by Bloomberg.

Apollo Global Management president Jim Zelter has underlined the importance of collaboration with banks as private credit managers move deeper into financing investment-grade corporates, according to a report by Bloomberg.

Apollo Global Management and Silver Point Capital have led a $900m direct lending package for Vantage Specialty Chemicals, providing fresh financing to replace the Illinois-based company’s existing bank-arranged debt, according to a report by Bloomberg.

Blackstone is in advanced talks to provide more than $800m in private credit financing to Justrite Safety Group, after the Audax Private Equity-owned company abandoned a leveraged loan sale, according to a report by Bloomberg citing unnamed people familiar with the matter.

Lenders have begun pre-marketing a £1.8bn debt package to finance KKR’s £4.2bn acquisition of Spectris, the UK-listed precision testing equipment and software manufacturer, according to a report by Bloomberg.

Warburg Pincus’ acquisition of data centre services provider Park Place Technologies has been backed by a $3.6bn private credit package led by Blackstone and Ares Management, underscoring the growing role of direct lenders in large-cap private equity deals, according to a report by Bloomberg.