Americas Private Credit Review – June 8, 2026

Editor’s Note: Welcome to Octus’ Americas Private Credit Review. This regular report encapsulates market information, data and commentary relevant to private debt investors and professionals in the United States. We include a curation of Octus’ enterprise journalism, with links to unverified third-party press reports and primary sources. Finally, the review includes a link to a deal origination pipeline for buyout and refinancing transactions.

Every week, Octus publishes the Primary Issuance Tracker, which tracks global loan and bond issuance data dating back to 2020 and through today.
 

By Collin Krabbe, Benjamin Taubman

Lenders offered tips to lower middle-market sponsors trying to develop relationships with capital providers at Opus Connect’s NYC Independent Sponsor Deal Connect & Summit last week, highlighting the importance of transparency, among other things.

Asked about sponsor missteps, Silverview Credit Partners Managing Director Jeffrey Marcus recounted a time when a background check on a business operator uncovered drug and human trafficking concerns – a revelation, he said, that was “hard to get over.” Silverview provides loans ranging from $10 million to $30 million.

Beyond background checks yielding red flags, customer concentration has been killing a fair share of deals, Peninsula Capital Partners partner Ty Clutterbuck said. He said Peninsula, which provides junior subordinated debt and equity capital and invests in companies with at least $3 million in EBITDA, is seeing several project-based transactions with 60% customer concentration.

Similarly, equity investor Agility Equity Partners seeks companies that are not project oriented, instead focusing on prior value creation as a measure of what to expect moving forward, said Paul Cohn, a partner.

When it comes to diligence, Marcus said Silverview wants to be involved “earlier in the process,” noting the importance of having input into which quality of earnings provider is selected if needed.

Clutterbuck said Peninsula would like to be involved “as early as possible” in diligence to get a more complete sense of whether the sponsor and lender would align long term. Sponsors with a long-term plan for a business regarding personnel have an upper hand, whether it be additional salespeople or a new executive, added Matt Harnett, a partner at Tecum Capital.

Tecum provides mezzanine debt and also makes minority and control equity investments.
 

Hudson Bay Capital was the lead arranger on a roughly $150 million private debt facility for L Catterton-backed children’s clothing retailer Hanna Andersson, according to sources.

Proceeds were used to refinance existing debt, which was led by Blackstone Credit, sources said.

R.W. Baird served as debt advisor on a refinancing transaction for Hanna Andersson that was completed in April, according to an announcement.
 

 

• Octus: Hudson Bay Capital Leads Refi for L Catterton-Backed Hanna Andersson
• Octus: Apollo Leads $150M Refinancing for Golden Hippo
• Octus: TPG Twin Brook Provides Debt Financing for Sheridan Capital Partners’ Acquisition of Tres Health
• Octus: TPG Twin Brook Provides Debt Financing for Sheridan Capital Partners’ Recapitalization of ADVI Health
   

 

• BBG: Private Credit Stocks Fall on Cliffwater Redemption Requests
• BBG: Private Credit’s Reckoning Is Written in the ‘Laws of Physics’
• PR: Oxane Partners’ ‘Compass 2026’ Maps Private Credit Market Sentiments
   

 

• PR: Piper Sandler Appoints New Co-Heads of Services and Industrials Investment Banking and Enhances Focus on Private Equity Advisory Business
• PR: AIP Capital Announces Matt Stevens as Managing Director, Americas
• PR: Dechert Expands Leveraged Finance and Private Equity Capabilities with Partner Andy Sagor
   

• PR: Crescent Capital Group Closes Largest Fund in Firm’s History with Fourth U.S. Direct Lending Fund, Raising $10.8 Billion in Investable Capital