First Eagle hires new senior alternatives strategist
First Eagle Alternative Credit is in expansion mode with the hire of a new managing director, portfolio manager and senior alternatives strategist from Nuveen

Ares secures another USD 50m for direct lending fund
The Ares Senior Direct Lending Fund III, which had its first close in July, is expected to be larger than previous vintages

KKR receives USD 75m commitment for direct lending fund
A US pension fund has made a USD 75m allocation to KKR's evergreen strategy focuses on US upper middle-market borrowers

M&G launches first European private credit fund
M&G Investments is the latest firm looking to individual investors as an avenue for fundraising with the launch of a new ELTIF, dubbed the M&G Corporate Credit Opportunities Fund

Churchill expands senior lending team
Churchill Asset Management is beefing up its senior lending origination team with the hire of two new principals

Kennedy Lewis closes USD 4.1bn opportunistic credit fund
Kennedy Lewis Investment Management has closed on its Kennedy Lewis Capital Partners Master Fund III at USD 4.1bn, exceeding its USD 3bn target

Ares raises USD 6.6bn for asset-based credit fund
Ares Management Corporation revealed the final close of its asset-based private credit fund Ares Pathfinder Fund II, reaching its hard cap at USD 6.6bn in commitments

Bain Capital and Smith Hill Capital team up for sector-specific private lending platform
New platform will focus on new loan originations and debt refinancing in the US hospitality sector

Private credit's 'golden age'
The "golden age" of private credit has arrived, according to speakers at the IMN's ABS East 2023 conference

Private equity firm poaches team of eight to launch private credit
Private equity firm LongWater Opportunities has launched a new US private credit and capital solutions strategy focused on the lower-middle market

Polen Capital adds senior member to private credit team
Polen Capital's private credit business has added a new senior director, private capital solutions who joins from Summit Partners

Fortress taps BlackRock for sponsor coverage hire
Fortress Investment Group has hired a new director to focus on sponsor coverage and origination in in Fortress’ credit business

Ann Arbor retirement system approves commitment to direct lending fund
The City of Ann Arbor Employees' Retirement System approved a USD 7m commitment to the PIMCO Private Income Fund

BlackRock raises EUR 1.25bn for venture debt fund
BlackRock-owned Kreos Capital held the final close on the Kreos Capital VII fund with commitments of EUR 1.25 billion

Hamilton Lane secures USD 290m for two private credit funds
Two funds raised by Hamilton Lane will be used to provide loans to lower middle-market companies in New York State

Fidelity launches first European direct lending fund
Fidelity International has launched its first direct lending fund in Europe with a loan to Dutch dental services firm Clinias Dental Group 

Ares launches direct lending fund targeting retail investors in Europe and Asia
The new Ares European Strategic Income Fund is part of a growing string of credit options catered to wealthy individuals

Pantheon brings private credit secondaries to the masses
Pantheon Group has launched a new evergreen private credit secondaries fund aimed at the US private wealth market

Muzinich takes the high road for new private credit fund
Muzinich & Co has launched an AI-enhanced private credit fund called MLoan that focuses on parallel lending

Singapore-based private credit firm's latest fund has $205 million first close
The latest fund in the growing APAC private credit market includes investments from institutional investors in Canada, the US and Japan

BlackRock creates ESG-focused credit fund
BlackRock launches new strategy as interest in private credit and sustainable investments continues to grow

Florida-based pension commits USD 20 million to direct lending fund
The Jacksonville, Fla. Police and Fire Pension Fund approved a USD 20m commitment to a diversified lending fund

Credit impact fund surpasses $100 million target close
The fund targets companies that support social and environmental causes in Africa, Asia and the Americas

T. Rowe and Oak Hill launch new BDC
The BDC is another indication of the growing demand for access to private credit funds from individual investors

AEW poaches MD from BlackRock as the firm acquires Natixis' private debt business
The expanded European platform will include infrastructure debt and new investment products