Blue Owl is telling investors that it needs more cash, particularly from deep-pocketed insurance firms, given the trillions of dollars needed to finance the artificial intelligence build-out.

To understand just how much private-credit managers want to distance themselves from software loans, consider this description of the New York Yankees: “AI-resilient leisure.”

DLA Piper is hiring three senior lawyers from Latham & Watkins to join its growing capital solutions business as it continues an aggressive push into the private credit market.

Private credit managers increasingly looking to offload battered funds are drawing interest from rivals eyeing cheap deals in one of the most turbulent periods for the $1.8 trillion market.

Blue Owl Capital Inc. again limited redemptions from two of its private credit funds at 5%, as fears around artificial intelligence kept requests at its flagship technology fund well above industry peers.

Apollo Global Management Inc. is limiting redemptions from a private credit fund for the third straight quarter, as its investors join the rush to pull cash from the $1.8 trillion direct lending market.

Blackstone Inc. moved to limit redemptions from its flagship private credit fund for a second consecutive quarter, providing an early glimpse at the lasting pressures facing the $1.8 trillion market.

Blue Owl Capital Inc. funds led a $2.4 billion debt deal for cloud computing provider Iren Ltd., which will use the proceeds to buy Nvidia Corp.’s Blackwell Ultra GPUs for a data center campus in Canada.

BlackRock Inc. is sounding out buyers for all $671 million of loans held by its TCP Capital Corp. as the firm ramps up efforts to overhaul the troubled private credit fund, according to people with knowledge of the matter.

With direct lending powerhouse HPS in the fold, the world’s largest asset manager is pushing past its own challenges to angle for a large slice of the industry’s future.

Blackstone Inc. led a roughly $400 million deal to support the buyout of Integra Testing Services by Harvest Partners LP, according to people familiar with the matter.

Investors in a KKR & Co. retail private credit fund got back all of their requested cash in the second quarter, a sign that individual investors’ skittishness over the asset class may be easing.

For the second straight quarter, two Blue Owl Capital Inc. private credit funds were hit with the industry’s largest redemption requests, forcing the manager to again cap withdrawals.

The head of BlackRock Inc.’s beleaguered private credit fund is in the process of leaving the firm, a move that follows months of losses on soured loans and revelations of a US regulatory probe into the unit’s valuation practices.

On paper, it seems like a no-brainer trade: Cash out of one private credit fund at 100% of net asset value and plow the money back into a similar vehicle that’s trading at a substantially discounted price.

A $7 billion private credit fund run by Morgan Stanley is capping investor withdrawals at 5%, allowing less than half of the redemptions shareholders requested in the second quarter.

An Oaktree Capital Management private credit fund saw redemption requests drop by nearly half in the second quarter, making it the first major firm to stem a growing exodus from the $1.8 trillion industry.

Wall Street has an answer for retail investors seeking to profit from elevated interest rates and dodge defaults in private credit: funds that buy collateralized loan obligations.

Blackstone Inc. limited redemptions from its flagship private credit fund for the first time after investors sought to pull 10% of the shares, the latest firm to cap withdrawals amid a continued investor exodus.

Wall Street’s top prosecutor said his office is looking at possible valuation discrepancies in the private credit marketplace.