San Francisco-based direct lender passes original offering cap
San Francisco-based direct lender Tree Line Capital Partners appears to have raised $81 million for its Tree Line Credit Strategies fund, which originally had a total offering amount of $75 million, Creditflux understands

Middle-market lender LBC promotes seven
Middle-market direct lender LBC Credit Partners has announced the promotions of seven team members

Carlyle's head of origination for credit earns promotion to partner
Carlyle Group has announced 58 senior promotions across all its global offices: eight to partner, 19 to managing director and 31 to principal/director

Ex-Pine River, Varde and Whitebox officials join forces to launch US direct lender
Former Varde Partners professional Neal Johnson has launched a direct lending firm called Hunter Street Partners, which includes partners that have served at some of the credit industry's most well known fund managers

New York direct lender announces three senior promotions
Direct lender Abacus slides three counters across into the promoted section

Ironwood raises at least $162 million for new mezz fund
Connecticut-based Ironwood Capital has raised in excess of $162 million for its latest mezzanine fund – Ironwood Mezzanine Fund IV, according to recent SEC filings.

Manager unleashes new Hunting Dog credit fund
Hunting Dog, a firm which prizes canine-like traits such as discipline and perseverence, is marketing a new direct lending strategy

Peak Rock brings in $1.3 billion for mid market fund
Austin-based Peak Rock Capital has closed its second fund at hard cap $1.3 billion, exceeding its target of $900 million

Searchlight and LionTree join forces on TMT investments
Searchight + LionTree = LightTree, a new partnership which will invest across debt and equity in the TMT space

Credit fund manager Drift enters into $50 million secured credit facility
Alternative asset manager Drift Capital Partners has entered into a $50 million senior secured credit facility for its Drift Credit Opportunities Fund

Minneapolis mezzanine lender announces promotion
GMB Mezzanine Capital has promoted its vice president Judd Stevens to principal, according to a press release

Barings secures $1.85 billion for private loan fund after support from 45 investors
Global asset manager Barings has held the final close of its North American Private Loan fund, securing $1.85 billion in capital commitments, according to a press release

KKR raises $2.24 billion for second private credit opportunities fund
Global investment firm KKR has announced the final close of its second private credit opportunities fund, KKR Private Credit Opportunities II, at $2.24 billion

Aviation fund takes off with $250 million
A North Carolina-based manager has hit the hard cap for its new aviation fund, collecting capital commitments of $250 million

TCW seeks to ramp up potential BDC
TCW is ramping up a new fund that intends to operate as a business development company (BDC) – having just hired a TCW affiliate as investment advisor and manager

Angel Oak exceeds $250 million target for inaugural mortgage credit fund
The Altanta-based manager has held a final close on its first private debt fund, recieving capital commitments of $291 million 

Carlyle, ICG and Oaktree earn approvals as Chile's first alternatives managers
The news follows recent reforms to Chile’s Pension Fund Law allowing pension fund administrators to invest directly in alternative asset managers

Goldman Sachs BDC and university endowment extend JV’s investment period
A joint venture between Goldman Sachs BDC and University of California Regents has extended its investment period for two months, regulatory filings show

Guggenheim announces $2 billion final close on latest private debt fund
Guggenheim Partners Investment Management has held the final close for its latest private fund structure focused on investing in private debt, exceeding its initial $1.5 billion target

Blackstone taps Australia's mortgage loan market with new acquisition
New York-based Blackstone is tapping into Australia’s lucrative mortgage loan market by acquiring an 80% stake in direct lending company La Trobe Financial

Dyal purchases minority stake in Cerberus's mid market credit unit
Neuberger Berman affiliate Dyal Capital Partners has purchased a minority stake in Cerberus Business Finance (CBF), the middle-market direct lending unit of Cerberus Capital Management

First Eagle completes deal to buy NewStar
New York-based First Eagle Investment Management has completed its previously announced acquisition of Boston-based direct lending specialist NewStar Financial

Michigan pension fund commits $570 million to four credit fund managers
The State of Michigan Retirement Systems has revealed commitments of over $570 million to credit funds over Q3 2017, according to board documents

Ares's $3.4 billion direct lending fund raise brings hordes of new investors
60% of the investors in Ares's new direct lending fund are new to the firm, according to an announcement by the firm

Carlyle poaches Varagon official as it strengthens private credit team
Carlyle Group has made a senior-level hire to its private credit group in New York with the firm adding managing director Inoki Suarez to its ranks