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    Direct lending

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    • Tuesday, 28 February, 2023
      Oaktree Capital Management LP
      Oaktree Capital moves into leveraged buyout lending with $10bn fund

      Credit investor is latest private lender aiming to fill void left by Wall Street banks

    • Wednesday, 20 July, 2022
      JPMorgan Chase & Co
      JPMorgan takes on direct lenders with leveraged loans unit

      Bank hopes to cash in on boom in private credit and will keep debt on its own balance sheet

    • Wednesday, 20 April, 2022
      Private equity
      Oaktree-backed 17Capital raises almost $3bn for first credit fund

      Vehicle will lend to private equity groups that want to boost returns with extra leverage

    • Sunday, 23 January, 2022
      News in-depthPrivate equity
      Private equity sidesteps IPO parade by borrowing billions

      Debt placements total more than $9bn for firms including Vista and Warburg Pincus

    • Friday, 11 December, 2020
      News in-depth
      UK high street insolvencies ricochet to direct lenders

      Specialists in private company loans face losses as months of pandemic restrictions take toll on already-struggling sector

    • Wednesday, 28 October, 2020
      Behind the Money podcast22 min listen
      Direct lending rush

      How the pandemic is expected to accelerate the shift from public debt markets to private credit

    • Tuesday, 27 October, 2020
      Europe’s direct lending market shrinks in first half of 2020

      Central bank stimulus pushes struggling companies to less costly public markets

    • Monday, 5 October, 2020
      HPS raises $9bn as investors race into direct lending

      Large investment vehicle underscores continued demand for riskier loans

    • Sunday, 1 March, 2020
      FTfm
      Frenzy in private debt pushes assets beyond $800bn

      Senior figures warn market is looking frothy as too much capital chases too few deals

    • Tuesday, 21 January, 2020
      Central banks
      Eurozone corporate loan demand slides for first time in six years

      Spain takes the biggest hit in fourth quarter, ECB’s quarterly bank survey shows

    • Saturday, 23 November, 2019
      InterviewFTfm
      The farmer turned banker who watched history being made

      From JPMorgan and Barings to RBS, Symon Drake-Brockman  had a ringside seat as crises unfolded

    • Friday, 23 August, 2019
      Pemberton raises €3.2bn for new direct lending fund

      Launch reflects hunger for yield among institutional investors

    • Sunday, 21 July, 2019
      Alcentra and BlueBay raise jumbo-sized ‘direct lending’ funds

      Investors pile in despite groups holding a record $47.6bn in dry powder

    • Monday, 4 February, 2019
      FT SeriesThe Debt Machine
      Non-bank lenders thrive in the shadows

      Explosive growth of US private debt market brings parallels to ‘wild west’

    • Tuesday, 29 January, 2019
      FT SeriesThe Debt Machine
      How online platforms shook small-business lending in America

      New names step up to fuel America’s engine as capital-strapped banks pull back

    • Sunday, 22 July, 2018
      US & Canadian companies
      US asset manager raises Europe’s largest ever direct lending fund

      Los Angeles-based Ares seeks to capitalise on gap left by banks after financial crisis

    • Tuesday, 3 July, 2018
      US & Canadian companies
      Credit investment firm HPS sells minority stake

      Dyal Capital adds to its portfolio of hedge fund and private equity stakes

    • Monday, 7 May, 2018
      US & Canadian companies
      Jitters mount as loans from private equity continue to rise

      Credit funds have swollen in size after highly-regulated banks pushed to sidelines

    • Tuesday, 6 March, 2018
      European companies
      Fund houses pile into direct lending as banks retreat

      Close to $57bn was raised by debt funds last year, more than twice as much as in 2016

    • Monday, 11 December, 2017
      FTfmDavid Stevenson
      The UK needs its own version of business development companies

      Scrapping the British Income and Lending Trust was a wasted opportunity, says David Stevenson

    • Saturday, 18 November, 2017
      News in-depthFTfm
      Investors flock to world’s top direct lending fund

      ICG raises record €5.2bn for vehicle that will back medium-sized European companies

    • Thursday, 16 November, 2017
      High yield bonds
      Blackstone’s GSO pushes ‘covenant-lite’ terms into direct lending

      Credit division starts to offer small-cap loans that lack traditional protections

    • Tuesday, 14 November, 2017
      Capital markets
      Intermediate Capital Group raises record €5.2bn of client money

      Private debt manager reveals this year’s largest direct lending fundraising globally

    • Thursday, 12 October, 2017
      Capital markets
      US direct lending fund raises $4.5bn war chest as banks retreat

      HPS’s fundraising is sign that credit funds are playing bigger role for smaller companies

    • Monday, 19 June, 2017
      Capital markets
      European banks look to securitise direct lending credit lines

      Evolution of market towards selling loan exposure as publicly rated debt

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