Michigan pension fund looks to commit $80 million to debt funds
The $114 billion Michigan pension fund is looking to commit to two private debt funds managed by London-based Kreos Capital and New-York headquartered MidOcean Credit Partners

Oaktree nominees appointed to Ranger Direct Lending Fund board
Oaktree Capital Management has announced that its two nominees for the Ranger Direct Lending Fund (RDLF) board - Dominik Dolenec and Greg Share – have been voted to the board at Ranger's annual general meeting yesterday.

Ranger board chairman resigns with direct lending fund liquidation on the cards
Three board members, including chairman Christopher Waldron, have stepped down from the Ranger Direct Lending Fund

Former BlueMountain portfolio manager resurfaces at KKR
A credit specialist who left BlueMountain in 2017 has resurfaced at KKR Credit as a director in its New York office, Creditflux has learned

Ranger direct lending fund set to wind-up as Ares withdraws candidacy
A new development in the Ranger Direct Lending Fund saga: Ares withdraws its proposal to assume managerial responsibilities for the fund

Hamilton Lane holds $900 million final close for private credit fund
Pennsylvania-headquartered Hamilton Lane has doubled its initial $450 million target and held a $900 million final close for its fourth strategic opportunities fund

Invesco raises $150 million for distressed debt fund
The vehicle, which has a $500 million target size, has raised a total of $146.18 million capital commitments, according to SEC filings

Alaska pension fund creates $1 billion credit platform
In conjunction with the new credit platform, Alaska Permanent Fund Corporation has created a $500 million private credit co-investment fund with California-based Pathway Capital Management

Redmont launches third private debt fund with focus on US southeast
Alabama-based Redmont Capital is looking to raise capital for its third private debt fund, according to US SEC filings

Onex raises $314 million for debut direct lending fund
Onex Credit Partners has raised $314 million for Onex Credit Lending Partners I - which has a $500 million target size, according to US SEC filings.

Credit interval funds thrive as investors value liquidity profile
“The interval fund structure’s time has come," says BlueBay's Blair Reid

Capital Dynamics expands new private credit team with three hires
Capital Dynamics has strengthened the private credit unit which it launched nine months ago 

Brantwood looks to launch credit special situation fund via online portal
Houston-based Brantwood Energy Partners is looking to raise capital for its energy credit special situations fund, picking a Canadian online portal to support fundraising efforts

Direct lender endorses PE fund guidelines after bringing in ex-ILPA CEO
Star Mountain Capital has endorsed ILPA’s (Institutional Limited Partners Association) private equity principles in a bid to promote transparency in the private equity fund industry

Direct lending growth challenges loan administrators, finds private credit survey
Nine out of 10 private credit managers face challenges when administering loans, according to an Alternative Credit Council report

HSBC asset management unit raises $800 million for global multi-manager loan fund
As a multi-manager fund,  the new vehicle aims to offer the benefits of fund-of-funds - diversification - but with a management fee comparable to a single manager 

Capitala opens New York office and hires Czech's former head of loans
Charlotte-based middle-market lender Capitala Group has opened it sixth US office – this time in New York office – and has appointed former Czech Asset Management’s Kelly Stotler as director.

San Francisco pension fund to deploy up to $4.5 billion in private debt
The City and County of San Francisco Employee’s Retirement System has revealed details of its new private debt pacing plan - which will see it deploy up to $4.5 billion and partner with up to 25 private debt managers over the next six years

Pension fund ups commitment to TPG special situations fund by $150 million
Kern County has upped its commitment to TSSP Adjacent Opportunities Contingent Fund, managed by TPG’s special situations platform TPG Sixth Street Partners, 9 May board documents reveal. 

Sound Point wins $125 million mandate for strategic credit fund
Sound Point Capital Management has won a $125 million mandate for its Strategic Capital Fund, which will provide liquidity solutions to US stressed and distressed companies 

Oaktree nominates two directors to direct lending board following "poor decisions"
A further development in the Ranger Direct Lending Fund saga has taken place with Oaktree Capital Management - an 18.56% shareholder - having nominated two new directors to add to its board

Global law firm adds Luxembourg fund specialist as partner
Luxembourg fund specialist Augustin de Longeaux joins Simmons & Simmons as partner. He will initially focus on US clients with respect to capital raising and distribution in Europe

Carlyle and Oppenheimer opt for interval fund structure as part of JV
The new private credit fund will invest at least 80% across loans and structured credit (Including CLOs), opportunistic credit, direct lending and liquid credit, SEC filings reveal

Private equity firm launches cannabis credit fund
Private equity firm Gotham Green Partners has become the latest fund manager to launch a strategy geared towards the cannabis sector

New York pension fund signs up to new SVP distressed debt fund
New York State Common Retirement Fund has made a $150 million commitment to distressed debt specialist Strategic Value Partners, board documentations reveal