The heads of the two companies explain how the deal came about, what hurdles they face and how they plan to mash up their very different operations.

Investors are reacting skeptically to the auto lender's deal to acquire CardWorks for $2.65 billion.

The deal for Boston-based Radius would be the first in history in which an online lender buys a mainstream bank.

The company asserted in the statement that S&P’s action was driven more by the distressed trading levels of Serta’s loans in the secondary market rather than the company’s “financially solvent” status.

The state retirement system is looking to dedicate one of every six dollars it manages to direct lending - more than five times the industry average.

PE firms have made investments in only seven banks in 2019, compared with 21 last year. Here's what's driving the slowdown.

Family offices—mini-investment firms set up by the super rich to manage their personal wealth—have poured more and more cash into direct lending, Preqin says.

First Eagle, with $99 billion AUM, will expand its presence in structured finance-based direct lending to middle-market firms through the acquisition by uniting the two firms’ credit-business platforms, according to a release.

TPG Sixth Street Partners' Alan Waxman warns investors are turning a blind eye to an epidemic of fake corporate earnings projections.

The month of October brought some jumbo unitranche loans to the direct lending market. It also brought declines in the quality and terms of broader deals, according to some participants.