Debt

Genuine economic deterioration is a primary risk to private capital markets, says PitchBook .

Golden Gate-backed Angel Island raises new fund. HP rejects Xerox's buyout offer. More deal news from General Atlantic and TA. William Blair and Piper Sandler among top investment banks. HarbourVest and Genstar among top PE firms. Dealmakers from Riverside, Merrill Corp. and Paul Hastings weigh in on the coronavirus impact on the middle market.

Angelo Gordon raises special situations credit fund. Mergers & Acquisitions examines 5 trends driving manufacturing M&A. T-Mobile wins court approval for Sprint deal. PE news from Gryphon, Levine Leichtman and Wind Point.

Post-crisis regulations intended to fortify banks crimped their ability to lend to small and mid-size companies, opening a window for private credit funds to enter.

Arizona’s $41 billion State Retirement System is looking to dedicate one out of every six dollars it manages to direct lending -- more than five times the industry average -- in a move some see as a harbinger of what’s to come for the booming asset class.

High valuations and abundant use of debt continued to mark completed deal activity in the first quarter of 2018, according to GF Data.

“Investors seeking to generate incremental returns and portfolio diversification are increasingly turning to private credit,” says BlackRock’s global co-head of credit Tim O’Hara.

Antares, Carlyle, and Madison Capital are also raising debt funds.

A continued and expanded banking relationship with the new, much larger, post-acquisition company provides a compelling argument for many creditors.

Churchill, Glendon Capital and Yukon Partners also raised debt capital.