Francesca Veronesi

Private lenders could replace 15% of traditional fixed-income investment, according to Bloomberg Intelligence’s Fall 2025 private credit survey published Wednesday, as links between private and public markets strengthen.

Vintage private credit deals will have some problems, Danielle Poli, assistant portfolio manager for Oaktree Capital Management’s global credit strategy, said in a Bloomberg TV interview.

Moves by private credit giants to muscle into lending to blue-chip firms took center stage at a gathering of executives in Paris this week, given the potential to propel the industry’s future growth.

Credit specialist AlbaCore Capital Group has hired Viktor Kozel alongside three other team members from UBS Asset Management to launch its new infrastructure debt strategy, a move that comes as traditional private credit firms are making inroads into infrastructure financing.

Asset manager Generali Investments Holding SpA and investment firm Partners Group are teaming up to launch a private credit secondaries fund, according to a statement seen by Bloomberg News.

The Trump administration told US government scientists working on a global climate report to stop their work, one of the scientists involved told CNN.

German carmaker BMW AG is reviewing plans to reintroduce battery-electric Mini production in the UK, due to uncertainties facing the automotive industry.

Ares Management Corp. has raised over €2.2 billion ($2.25 billion) primarily from wealthy individuals for its open-ended European direct lending fund, according to a statement seen by Bloomberg News.

Colesco, a private lending firm dedicated to sustainable investing, has raised over €800 million ($839 millon) for its first close as private credit fund managers explore ESG investments.

French asset manager Tikehau Capital SCA is considering cutting headcount next year, according to people familiar with the matter.

HSBC Holdings Plc’s asset management arm is launching a new venture debt strategy, seeking to further diversify its offerings in the rapidly expanding $1.6 trillion private credit market.

UK Prime Minister Keir Starmer has come under fire for failing to declare gifts from millionaire Labour donor Waheed Alli, a breach of parliamentary rules.

Thames Water has approached North American infrastructure giants Brookfield Infrastructure Partners, Global Infrastructure Partners as well as Stonepeak to participate in a £3.3 billion ($4.3 billion) emergency fundraising to rescue the UK’s largest water and sewage provider, The Times reported.

Private credit funds and banks are in talks to provide as much as €1 billion ($1.1 billion) to fund a potential buyout of French cybersecurity specialist Exclusive Networks SA, people with knowledge of the matter said.

Bain Capital and CVC Capital Partners are among private equity firms considering indicative offers for French software firm Orisha, which may be valued at as much as €2 billion ($2.1 billion) in a deal, according to people with knowledge of the matter.

The high interest rate environment is creating tension between private equity and private credit lenders as their portfolios come under pressure, Tikehau Capital’s Head of Private Debt Cecile Mayer-Levi, said in an interview with Bloomberg TV.

Five Arrows’ sale of wealth management software company Harvest is attracting initial interest from suitors including French investment group Wendel SE and buyout firm Cinven, people with knowledge of the matter said.

Three quarters of US mid-sized businesses with private credit financing would struggle to generate a profit in the severe stress scenario modeled by analysts at Standard & Poor’s.