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

HSBC AM launches new vintage for direct lending strategy
HSBC Asset Management (HSBC AM) has announced the launch of the second vintage of its senior UK direct lending strategy. 

BlackRock buys European direct lender
BlackRock has announced that it will acquire full control of Kreos Capital, a European direct lender specializing in the technology and healthcare sectors.

HPS announces close for second core senior lending fund
HPS Investment Partners has closed its second Core Senior Lending Fund known as CSL II with around $10 billion of capital to invest

French direct lender launches new real estate credit fund
Tikehau Capital has teamed up with real-estate specialist Altarea to launch a new real estate credit fund

Market gears up for the Debtwire US Private Credit Forum 2023
Speakers in New York will discuss topics from LP insights and software lending to distressed situations and CLOs

Stonepeak hires veteran investor to expand credit team
Stonepeak, an asset manager specializing in infrastructure, announced that Michael Leitner has joined the firm as a senior managing director.

Pemberton hires head of sustainable investing
Pemberton has hired a managing director and head of sustainable investing

Apollo launches private markets secondary fund
Apollo has registered to launch its new private markets secondaries vehicle, Apollo S3 Private Markets Fund

Brightwood names former Wells Fargo MD as new chief credit officer
Brightwood Capital Advisors has hired Eric Pratt as chief credit officer in New York

Pantheon hits $590 million close on second credit opportunities fund
The fundraise means Pantheon has raised $3 billion for its private credit secondaries strategy since its dedicated launch in 2018