GSAM buys stake in US direct lender
Goldman Sachs Asset Management has taken a stake in $15.1 billion US lower middle-market direct lender 

Real estate lender T30 forms social impact partnership with Blueprint
T30 Capital has formed a strategic partnership with credit investment advisor Blueprint Capital Advisors to scale its commercial real estate lending business

Private fund All Seas builds momentum with third investment
All Seas Capital – the direct lender launched by former KKR executives in 2019 – has signed its third direct lending investment

Silver Point hires CPP official to private credit business
Silver Point Capital has hired to its private credit team

Victory Park collects $2.4 billion for asset-backed credit strategy
Victory Park Capital has raised $2.4 billion for its latest asset-backed opportunistic credit strategy

NIBC agrees to sell €500 million loan book
NIBC Bank has agreed to sell a €500 million mid-market loan portfolio to Oldenburgische Landesbank and Dutch insurer ASR. 

Antares looks to support underrepresented groups with $1 million entrepreneur programme
Antares is granting $1 million of its own capital to entrepreneurs who are part of diverse and historically underrepresented groups

Ivy climbs to $115 million final close for US direct lending fund
Ivy Asset Group has held a $115 million final close of its US direct lending fund named 2022 Ivy Credit Opportunity Fund

Bain collects $2 billion for second Asian special situations fund
Bain Capital has collected more than $2 billion for its second special situations fund, Bain Capital Special Situations Asia Fund II. The vehicle had an initial $1.5 billion target

Sound Point plots first US direct lending fund following CVC acquisition
Sound Point Capital Management is looking to fundraise for its its first US direct lending fund since acquiring CVC’s US direct lending unit

Schroders appoints private credit solutions head
Schroders has apppointed a former Federated Hermes official as head of private credit solutions 

Vida hires managing director for private credit team
Vida Capital has made a senior appointment responsible for “driving strategic business partnerships to support the company’s sourcing, direct lending, esoterics and private credit transactions"

Leucadia seeds European distressed and credit opps firm Pearlstone
New opportunistic credit firm Pearlstone Alternative has received backing from Leucadia Asset Management in the form of seed capital and distribution services

Pemberton finds direct lending edge in NAV financing
NAV financing for private equity sponsors is gaining popularity, with Pemberton Asset Management the latest manager getting in on the act

Credit investors look to outsource as risks begin to add up
Institutional investors and managers are outsourcing to third parties as credit and macro­economic risks mount

Credit funds at a glance (June 2022)
A round up of fundraising and people moves in credit
 
   

Franklin Templeton buys Alcentra in $700 million deal
Franklin Templeton has agreed to buy BNY Mellon’s $38 billion credit unit Alcentra, which will see Alcentra combined with Franklin Templeton’s US credit manager Benefit Street Partners

EIF back's Irish direct lender's €335 million fund
The European Investment Fund has made its first 'diversified' debt fund investment in Ireland after allocating €70 million to DunPort Capital Management’s Oak Corporate Credit DAC

Blackstone names senior Anchorage official as head of Asia Pacific origination
Blackstone Credit has hired a senior official from Anchorage to work lead Asia Pacific origination out of Sydney 

Angelo Gordon closes $3.1 billion credit solutions fund in seven months
Fundraising for AG Credit Solutions II means the firm’s all-weather distressed and special situations platform has grown to $11 billion.

Pantheon exceeds $500 million target for second private debt secondaries fund
Pantheon has held a final close of its second private debt secondaries fund, Pantheon Senior Debt II, at $834 million

KKR collects $1.1 billion for inaugural Asia credit opportunities fund
The firm claims it is the “largest inaugural pan-regional fund focused on performing credit” and “one of the largest inaugural pan-regional credit funds to have been raised for Asia Pacific"

Ex-American Capital duo launch US direct lending business
Altimer Capital will provide financing to lower middle market companies that ‘provide or deploy technology to drive business agility and resilience

HSBC raises $1 billion for UK direct lending
The strategy was launched in early 2021 as part of the firm’s ambition to grow its alternatives capabilities