Golub rearranges direct lending leadership team

Golub Capital promoted several members of its direct lending leadership team as the firm continues to grow.

ABL lending fund completes final close with $1.7 billion in commitments
Asset-based lending fund accepts $1.7 billion in capital commitments from a global set of institutional and retail investors. 

Muzinich places $500 million bet on Asia Pacific region
The investment firm completed the final close for its first Asia Pacific-focused private credit fund with $500 million. 

New Mexico State Investment Council plans to commit $600 million to private credit
New Mexico State Investment Council commits $600 million to two private credit managers during June meeting. 

Monroe Capital completes latest acquisition
Monroe Capital acquires venture debt lending firm for undisclosed amount. 

Man Group moves into US private credit with new acquisition
Man Group is buying US middle market lender Varagon Capital, according to a company announcement, in a $183 million deal due to complete in Q3 2023.

Large LPs turn to net asset value tools to finance private equity portfolios
NAV financing has a long history as a tool for private equity managers to get new capital into older funds, but now interest from creative institutional investors is widening its appeal.

Asset-heavy companies look again at whole business securitisation
Whole business securitisations (WBS), which improve bondholder protections by ringfencing some parts of a business into an SPV, were popular before the financial crisis, but existing transactions in the UK have started to tap the markets for fresh funds. 

Ventura County continues to invest in private credit funds
Ventura County approves $50 million for two private credit funds as target allocation increases.

Oaktree promotes head of performing credit
Oaktree shuffles its C-suite, announcing major changes for 2024's first quarter. 

Serone Capital hires PM for European Special Situations Fund
Serone Capital Management has hired new blood in its European special situations division as existing PM Ralph Herrgott moves on

Medalist Partners doubles size of private credit fund in final closing round
Medalist Partners enters final closing stages of its most recent private credit fund, nearly doubling the size of capital commitments from previous funds. 

Berenberg closes its fourth debt fund in the renewable energy space
Berenberg is continuing to raise money in the renewable energy debt sector, with the German bank working alongside BayernInvest Luxembourg to close its fourth debt fund in the space.

Alaska Retirement Management Board commits $100 million to direct lending fund
It may be a tough environment for fundraising but the private credit market continues to pull in investments, with the Alaska Retirement Management Board agreeing to give up to $100 million to a fund

Oaktree closes life science fund with highest amount ever raised in the space
Oaktree Capital Management has raised more than $2.3 billion for its Life Sciences Lending Fund, the largest amount the firm has ever raised in the life sciences space.

L Catterton expands credit platform with new co-head of private credit
L Catterton's private credit platform is in expansion mode, announcing a new managing partner and co-head of private credit

Private credit firm launches new platform for structured financing
Private credit manager Victory Park Capital has launched Triumph Capital Markets, a new platform that focuses on structured financing and capital markets

ICG hires new global head of credit
Asset management firm ICG has hired ScION Tech Growth Chief Executive Officer Mathew Cestar as the firm's global head of credit

HSBC expects dealflow uptick and higher returns with second direct lending vintage
With the first vintage of its direct lending strategy almost fully deployed, HSBC Asset Management is bullish on dealflow and potential returns for its second vintage

Carlyle names future CFO
Carlyle has named John Redett its new chief financial officer and head of corporate strategy, the company has said.

Private credit is still the number one topic for investors, hears conference
Delegates at the Debtwire Private Credit Forum 2023 heard that private credit has become the favourite topic for institutional investors

Credit funds at a glance
Fund raising and people moves

Credit hedge funds
Credit hedge fund returns

Permira raises €4.2 billion for direct lending fund
Permira Credit has completed the latest round of fundraising for its fifth direct lending fund, Permira Credit Solutions Fund V

Morgan Stanley snags Credit Suisse structuring veteran
Morgan Stanley has hired a structured credit veteran to run its corporate credit financing business in EMEA