Francesca Veronesi

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

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.

Alcentra was once a leader in European direct lending. It’s now finding it hard to raise new money for that business.

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.

Amundi SA and First Eagle Investments are looking to raise as much as $5 billion for a new private credit strategy that will offer wealthy individuals in Europe, the Middle East and Asia access to private loans made to mid-size US companies.

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.

Private credit firms Oak Hill Advisors and One Investment Management are joining forces in the latest tie-up between fund managers looking to cash in on the $1.7 trillion market.

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.