PE firm HG targets up to $1 billion for credit fund to invest in its portfolio companies
Documents show HG's Titan 1 will allow investors to capture the returns that have historically gone to third-party credit investors 

Canadian pension Imco allocates $500 million to Ares
Investment Management Corporation of Ontario has revealed a $500 million allocation to a large credit manager that includes $400 million to a fund-of-one

Morgan Stanley IM hires MD to private credit and equity team
Morgan Stanley Investment Management has hired a Los-Angeles based official to its private credit and equity team

Deerpath closes $1.1 billion US lower mid-market direct lending fund
With leverage, the firm expects Deerpath Capital V will have over $2 billion of deployable capital

Schroders and Oaktree launch global credit ucits fund
Schroders has partnered with Oaktree Capital Management to launch a global multi-strategy credit fund, Schroder GAIA Oaktree Credit fund, which will sit within Schroders' alternatives ucits platform

Adams Street taps former Churchill official as private credit partner
Adams Street Partners has added a partner to its private credit team

BC joins forces with ex-Investec official for private equity financing strategy
The new offering will provide flexible capital to private equity funds and managers

BlackRock holds $940 million first close on global private debt fund designed for UK pensions
BlackRock has collected $940 million on a first close of its new private debt fund BlackRock Diversified Private Debt Fund 

Eaton private credit co-head joins another placement agent
Eaton Partners' co-head of private credit has left after 16 years at the firm 

Ex-Cerberus and Jefferies officials join FLC to lead new private debt unit
Family Legacy Capital Management, an investment manager for family office, has unveiled a New York-based private credit unit and has brought on former officials from Cerberus and Jefferies to lead the charge

Audax closes fifth junior debt fund at $1.9 billion
Audax Mezzanine Fund V will provide junior capital investments in private equity-backed middle market companies

LP round up: $3.2 billion flows to 21 managers as private credit illiquidity premium holds firm
Investors allocated at least $3.2 billion to credit managers in April - and direct lending funds were in favour with Churchill and Ares being awarded two mandates

Fund performance: Lightning strikes twice as range of credit funds deliver
What seemed like a chance occurrence in February has struck again in March, as seven categories make our top 10 best performing hedge funds

Credit funds at a glance (May 2021)
A round up of fundraising and people moves in credit 

Credit fundraising: three massive European direct lending funds notch up €17.6 bn
Fundraising figures continued upwards in April as just over $24 billion was raised for credit funds, alongside $3.2 worth of allocations to credit managers. Nine funds held final closes including the largest European direct lending fund raised to date

Carlyle and Aflac officials lead new ACC committee with ESG template outlined as priority
The Alternative Credit Council has launched an ‘investor manager committee’, chaired by Carlyle Group’s Erica Frontiero and Elena Boeva from Aflac Global Investments, that has ESG in private credit as one of its first orders of business

Lafayette Square hires Prudential's head of impact investing
New York-based impact investment manager Lafayette Square has hired a new head of strategy from Prudential

Jefferies Credit poaches senior RBC pair for direct lending business
Jefferies Credit Partners has expanded its middle direct lending business with two senior hires

Apollo establishes $1 billion credit secondaries platform
Apollo says it formed the platform to capitalise on the explosive growth of private credit, as well as addressing related liquidity or portfolio needs from underlying investors

Standard Life Aberdeen 2 rbrnd 2 Abrdn
Standard Life Aberdeen has announced that it is changing its name to Abrdn (pronounced Aberdeen) 

Comvest amasses $1.3 billion for fifth direct lending fund
Comvest says it has provided financing to more than 35 portfolio companies

Head of US sales parts ways with Arcmont
Arcmont Asset Management’s head of US sales is said to have parted ways with the firm

Lord Abbett prepares special situations interval fund
Lord Abbett is preparing to launch a new special situations fund in the form of an interval fund

Toronto-based Whitehorse Liquidity hits $4 billion hard cap on liquidity solutions fund
Whitehorse Liquidity Partners Fund IV provides liquidity solutions to private equity-style fund investors and managers

Credit Rendezvous: ready and waiting
In Creditflux's quarterly review of credit, portfolio managers tell us that Inflation is likely to nudge higher but they are optimistic because dispersion will pick up and windows of volatility will emerge, rather than elongated phases of stress