← Firms / Strategy
Investment strategy
Direct Lending
Direct Lending is pursued by 20 firms tracked on DataBane, spanning Private Credit. Coverage includes 8 funds linked to this strategy, with vintages, sizes and performance where disclosed. The largest tracked manager by assets is BlackRock at $13.89T. Profiles below cover each firm's mandate, focus areas, funds and relationships — updated as analysts publish new research.
20
Firms
8
Related funds
1
Asset classes
Asset-class mix
Insight
Most concentrated in Private Credit (20 of 20 firms). BlackRock is the largest tracked manager at $13.89T.
Firms pursuing this strategy
BlackRockUnited States$13.89TNuveenUnited States$1.4TBlackstoneUnited States$1.3TManulife Investment ManagementCanada$1.11TApollo Global ManagementUnited States$750BKKRUnited States$640BCarlyle GroupUnited States$440BRussell InvestmentsUnited States$416BAegon Asset ManagementNetherlands$287.5BState of Wisconsin Investment Board (SWIB)USA - WI$178BOMERSCanada - ON$106.03BVista Equity PartnersUnited States$100BLos Angeles County Employees Retirement AssociationUSA - CA$87.97BMPSERSUSA - MI$87.06BAlaska PFCUSA - AK$86.38BAdams Street PartnersUnited States$73BNew Mexico SICSanta Fe, New Mexico, United States$70.42BPKADenmark$69.75BAres ManagementUnited States$64.4BBC PartnersLondon, United Kingdom$40B
Geographic exposure
Europe109North America108Asia59United States37Global35United Kingdom33Germany24France22Canada17Australia9Oceania9India8
Related funds
Private Credit III · 2026ASP PIF CLO I, LLC · 2026Blackstone Credit Opportunities Fund V (BCOF V) · 2026GIP Credit Opportunities Fund · 2024HPS Corporate Lending Fund (HLEND) · 2024BlackRock Private Credit Fund III · 2024BlackRock Multi Strategy Credit Fund · 2022BlackRock Direct Lending Fund II · 2021
Recent news
partnership
Adams Street Partners Partners with iCapital to Expand Private Markets Access
partnership
Adams Street Partners Partners with GeoWealth to Distribute Private Market Offerings
fundraise
Blackstone Raises its Largest Asia Private Equity Fund at $13.1 Billion
Blackstone · 01/12/2026
fundraise
KKR and Capital Group to Launch Public & Private Equity Fund
KKR · 30/07/2026
deal
B Capital-led Consortium to Acquire Russell Investments for $2.8 Billion
Russell Investments · 09/07/2026
deal
Nuveen Energy Infrastructure Credit completes US$546 million preferred equity investment in SunZia.
Nuveen · 01/07/2026
strategy
KKR Expands European Insurance Strategy
KKR · 01/07/2026
strategy
Blackstone Launches SablePointe Credit Strategies to Expand Origination Capabilities Across Asset-Based Lending and Specialty Credit Markets
Blackstone · 16/06/2026
fundraise
Ares raise 12.7 billion to invest Asset - based finance
Ares Management · 10/06/2026
other
Vista Equity Partners and Cambium Launch Vector Core Compute
Vista Equity Partners · 03/06/2026