European direct lender launches third fund
European asset manager Bridgepoint has closed its third direct lending fund, BDL III, with investable capital of over €3.4 billion according to a company announcement. 

Channel Capital hires new head of originations for US fintech partnerships
Channel Capital names new head of originations for US fintech partnerships. 

Jefferies Credit Partners plans new BDC

Jefferies Credit Partners plans to launch its first private placement of a business development company. 

Nomura Private Capital taps BlackRock for new senior role

Nomura Private Capital hires new head of opportunistic private credit from BlackRock. 

Global investment firm closes fund with $3 billion in capital commitments

Global investment firm closes fund with $3 billion in capital commitments, focusing on opportunistic investing. 

Illiquid assets are increasingly hot in the private markets according to Aeon survey
Illiquid assets may offer protection against macro uncertainty, according to findings from a new survey.

Angelo Gordon raises more than $1 billion for credit fund
New York-based alternative investment firm closes asset-based credit fund with more than $1 billion. 

San Francisco Employees' Retirement System approves multi-million dollar private credit commitments
Retirement system approves several multi-million dollar private credit commitments. 

Asset management firm creates new credit platform
Insurance and asset management firm Nassau launches new credit platform with more than $8 billion in assets under management. 

Private credit fundraising continues as two new funds launch
Private credit funds continue to see growth with two new US funds launching this week.

Barnes & Thornburg hires new lead for private credit team
Global law firm hires new head of private credit team in New York. 

Massachusetts Water Authority narrows proposals for opportunistic credit search
Massachusetts Water Resource Authority Retirement System narrows opportunistic credit fund recipients down to three candidates. 

Australian fund manager adds new credit PM
Australian fund manager IAM has branched into opportunistic credit with the acquisition of the River Capital Liquid Credit Fund and credit mandate, which includes a move for the fund’s portfolio manager.

Veteran lawyer moves from buyside to law firm

A seasoned private funds lawyer will join Gowling WLG's investment funds team in London.  

Antares closes second senior loan fund with $6 billion
Private credit manager closes second round of senior loan fund with roughly $6 billions in commitments. 

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.