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UBS Group LLC AG analysts warn that US private credit defaults could reach 13% if artificial intelligence causes aggressive disruption among corporate borrowers. Compared to this scenario, leveraged loans and high-yield bonds face lower projected default rates of 8% and 4%, respectively, according to a note by Sachin Ganesh and team. René Ismail | Bloomberg News https://lnkd.in/d-qy93hj #PrivateDebt #PrivateCredit

Shares of leading business development companies, including Blue Owl Capital. and Ares Capital., saw significant declines amid market concerns around their exposure to the software sector. Georgie McKay and Olivia Fishlow | Bloomberg News https://lnkd.in/eNm3FbPr #PrivateDebt #PrivateCredit

Private credit firms are increasingly adopting permissive terms across the $1.7 trillion private credit market, mirroring Wall Street’s approach to leveraged loans. The shift comes as these firms aim to secure more leveraged debt business, though at the cost of forgoing safeguards that once provided protection during economic downturns. Francesca Veronesi and Kat Hidalgo | Bloomberg News https://lnkd.in/eajRxXB8 #PrivateDebt #PrivateCredit

Monroe Capital LLC has launched the Monroe Capital Private Credit Fund V and related vehicles, securing $6.1 billion to invest in loans for lower middle-market companies. The new fund represents a 27% increase in investible capital compared to its previous fund. Isaac Taylor | The Wall Street Journal https://lnkd.in/eih2RVEz #PrivateDebt #PrivateCredit

Adams Street Partners has closed its first middle market CLO, ASP PIF CLO I, LLC, raising $350 million to fuel the expansion of its $13.5 billion private credit platform. https://lnkd.in/eEyp8WAZ #PrivateDebt #PrivateCredit

Monroe Capital LLC has launched the Monroe Capital Enhanced Corporate Lending Fund (MLEND), a perpetual-life, non-traded business development company designed for retail investors interested in direct lending strategies. The fund aims to provide consistent income and attractive risk-adjusted returns by investing in senior secured loans to lower middle market companies, including those in technology, software, and healthcare. https://lnkd.in/eYeDUYUy #Evergreens Evergreens insights straight to your email: https://lnkd.in/e2THdgfW

Crestline Investors, Inc. has announced a $150 million additional commitment to Credent Wealth Management, boosting support for the registered investment advisor's ongoing growth and acquisition initiatives. Credent Wealth Management, with over $4 billion in assets under management, sees this partnership deepening its capabilities to serve clients and financial advisors nationwide. Albert Hicks of Crestline Investors and David Hefty, CEO of Credent Wealth Management, offered perspectives on strengthening collaboration and future ambitions. https://lnkd.in/gT_cXESs #PrivateDebt #PrivateCredit

Bain Capital and SMBC Group have partnered to establish a new European loan platform, offering up to €1.5 billion in senior secured credit to sponsor-backed firms across Europe. The jointly governed vehicle will leverage Bain Capital’s special situations and credit businesses. Suzie Lynes | Alternative Credit Investor https://lnkd.in/gy-8-yBs #PrivateDebt #PrivateCredit

Sound Point Capital Management, LP has announced a partnership with CAIS to broaden access to its private credit strategies for financial advisors and their clients. The collaboration aims to meet growing demand among wealth managers for alternative investments, with Sound Point joining the CAIS platform used by over 2,000 wealth management firms. Business Wire https://lnkd.in/emC8cCww #PrivateDebt #PrivateCredit