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Oak Hill nearly halfway to $1bn target in latest private credit fund

The fund will invest in non-syndicated debt and illiquid large-cap deals.

Blackstone’s GSO grows new direct lending platform with $2.6bn BDC raise

The firm may oversee more than $10bn of assets for the strategy a little more than a year after it formally parted ways with FS Investments.
american business

European and Asian investors face costly hidden fees for US debt funds – report

Fees for offshore vehicles and a range of hidden costs are causing a returns disparity for non-US investors in US funds.

Crescent BDC to acquire Alcentra Capital for $142m in cash, stock

Alcentra BDC shareholders will retain 19% of the combined entity, while the buyer will reduce its management fee and up its hurdle rate.

Goldman Sachs collects almost $900m for private BDC

The new vehicle has purchased several investments, all of which are portfolio companies of the firm’s publicly traded Goldman Sachs BDC.

BC’s credit platform makes another BDC play with OHAI purchase

BC Partners, which launched a credit arm more than two years ago, has made its second BDC purchase in less than a year.
stacks of money

PennantPark expands offerings to cater to investors

The mid-market investment manager has launched four new products across its senior debt and opportunistic credit strategies.

KKR posts 5% LTM gross returns in alternative credit during Q2

The alternatives giant is in market with its latest direct lending vehicle focused on Europe, where executives said the firm has seen increased investor interest due to negative-yielding debt.
finance predication

Looking into the leveraged loans defaults crystal ball

Portfolio managers continue to draw out predictions about default rates, according to a recent report by S&P Global Intelligence.
Elizabeth Warren

A ‘Warren-ing’ for the private credit industry

If private credit and private equity firms underestimate the threat posed by Elizabeth Warren and other liberal US presidential candidates, the future of alternative assets could look very different.
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