Family office CIO and ex-Kimura official launch new private debt firm
The chief investment officer of single-family office and an official who previously worked at Kimura Capital have joined forces to launch an asset management business

Churchill targets $1 billion for latest US mid-market loan fund
Churchill Asset Management is looking to raise up to $1.5 billion for its second middle-market senior loan fund, Creditflux has learned

Prudential Capital Energy fuels first middle-market mezzanine fund with $343 million
Prudential Capital Energy Partners has closed its first middle-market mezzanine fund with $343 million of capital commitments

Investors place $312 million in Locus Point's inaugural private credit fund
Locust Point Private Credit Fund will provide financing to owner and operators in the senior housing and care sector throughout the US

Benefit Street Partners taps Monroe and BlackRock for private debt origination hires
Benefit Street Partners has made two senior appointments to its private debt origination team

Crayhill bolsters private credit team with managing director hire
Crayhill Capital Management has strengthened its asset-based private credit team with the appointment of a managing director in New York

White Oak raises $2.1 billion for US sponsorless direct lending strategy
White Oak Global Advisors has held a final close for its direct lending strategy, White Oak Yield Spectrum Fund, with $2.1 billion of capital commitments 

Pimco adds two former Tennenbaum officials as portfolio managers
Fixed income specialist Pimco has poached former Tennenbaum Capital Partner officials Geoffrey Jones and Gabriel Goldstein

Crestline nears final close for US direct lending vehicle with $680 million
Fort Worth-based Crestline Investors has gained strong investor appetite for its second US direct lending fund - Crestline Specialty Lending II

Alcentra forms $1 billion strategic partnership with SME loans specialist Funding Circle
Fixed income specialist Alcentra has bolstered its US direct lending capabilities and formed a strategic partnership with Funding Circle

Oberland hits $800 million hard cap for healthcare credit opportunities fund
Healthcare investment firm Oberland Capital has hit its $800 million hard cap for its second royalty and credit opportunities fund, the firm announced yesterday

Stifel builds out leveraged finance team with big hire
The new unit will focus on origination, underwriting, and syndication of leveraged loans and high-yield securities

Four private credit managers score as Arizona pension fund commits $250 million
The $9.78 billion pension fund has mandated nearly $250 million to four private credit managers, alongside additional commitments for co-investment opportunities 

Managers cash in as investors come calling
Credit management platforms are being viewed as attractive investments, with a slew of acquisitions taking place in recent months — mainly involving private credit operators

San Mateo pension fund commits $20 million to ABRY debt fund
San Mateo County Employees' Retirement Association (SamCERA) has mandated $20 million to a senior debt fund managed by Boston-headquartered ABRY Partners

Elm Park aims to cultivate third credit opportunities fund with $300 million
Dallas-based Elm Park Capital Management is looking to raise up to $330 million for its third credit opportunities fund

Nashville pension allocates to energy credit funds
Metropolitan Government of Nashville and Davidson County has approved a $20 million commitment to two energy-focused private credit strategies

HarbourVest adds managing director to private credit team
HarbourVest Partners has strengthened its private credit team with the appointment of a former Bain Capital Credit official 

Kayne Anderson holds $3 billion final close for middle market credit fund
The Los Angeles-based manager closed its third middle market credit fund with with $3 billion investable capital including separately managed accounts and leverage

Shetland Islands pension looks to terminate bonds and introduce direct lending
A UK pension fund is looking to terminate its bond mandate and introduce a 12.5% direct lending and 12.5% alternative funds asset allocation, according to board documentation seen by Creditflux

Distressed debt outperforms as Texas pension fund's credit strategies gain 11.2%
Texas County and District Retirement System (TCDRS), the $30 billion pension fund, generated 11.2% annualised returns from its credit portfolio for the year ending 30 June. Distressed debt was a major positive, but IG credit lost value

Californian pension fund commits $25 million to new US direct lending fund
A $3.01 billion pension fund has invested $25 million to a US direct lending fund managed by Twin Brook Capital Partners 

US pension fund's new private credit portfolio delivers strong early returns
A US pension fund recently created a private credit bucket and this has generated 9.25% time-weighted returns

Illinois pension fund appoints private debt consultant and awards $75 million to credit
The $51.3 billion pension fund has appointed consultant Aksia to manage its private debt investments and has mandated up to $75 million to a private debt manager

GSO registers new direct lending fund after going solo
After its partnership with FS Investments reached an end, GSO Capital Partners has registered a new direct lending fund with US regulators