HPS closes $15.4 billion direct lending fund as deployment hits 60%
HPS Investment Partners has closed its fifth direct lending fund with $11.7 billion of investor commitments. Creditflux understands this is nearly double its $6 billion original hard-cap

Allianz holds €500 million first close on private credit fund of fund
The vehicle, which has a €1.5 billion target, invests jointly with Allianz

BNP Paribas buys majority stake in Dutch mortgage lender
BNP Paribas Asset Management says it is acquiring a majority stake in Dynamic Credit Group, a mortgage lender based in Amsterdam.

Monroe hires head of Asia as it opens Seoul office
US private credit firm Monroe Capital has hired a head of Asia to expand its presense in the region

Monroe holds $1.3 billion fourth close on US direct lending fund
The fund, which is targeting $1.5 billion, is anticipated to hold a final close above that target before the end of this year

Amundi focuses on ESG-linked margin ratchets in €1 billion private debt fund
Amundi has become the latest manager to place a focus on ESG-linked margin ratchets on its fourth private debt fund, which has a €1 billion target 

Alcentra's head of European direct lending set to leave
Alcentra’s head of European direct lending is set to part ways with the firm at the end of September

Cheyne puts focus on ESG-linked loans for new €1 billion strategic credit fund
The London-based manager held a €1 billion final close on its second strategic credit fund in the series, Cheyne European Strategic Value Credit Fund II, which it says took less than six months following its first close

HIG closes €2 billion 'inaugural' European mid market fund
HIG Capital has held a €2 billion final close on what it says is its first European middle market fund

DunPort reaches €255 million first close for UK and Ireland direct lending fund
Ireland Strategic Investment Fund is among the investors backing the UK and Ireland-focused lower mid market direct lending fund 

US pensions make even more space for private debt
US public pensions are increasing allocations to private debt with sources indicating that the resilience of the asset class during the covid-19 pandemic has accelerated the trend

Credit funds at a glance (September 2021)
A round up of fundraising and people moves in credit

Tikehau wins €350 million mandate to manage Belgian direct lending fund
The €350 million fund will invest in subordinated and convertible loans to Belgian companies hurt by the covid-19 pandemic over the next five years

Intriva adds to asset management build up with senior hire
Intriva Capital, a mid-market lender and alternative investment firm, has hired a senior asset manager from HIG Capital

Fidelity adds senior hire from Madison Capital to new direct lending team
Fidelity Investments has hired a former managing director at Madison Capital to its new direct lending team

Credit Fundraising: Blue Owl and WhiteHorse gain from improving animal spirits
Fundraising perked up in July as managers raised $14.9 billion for credit funds - the third highest monthly amount this year

JP Morgan AM taps Wells Fargo duo to lead private debt expansion
JP Morgan Asset Management has extended its private credit business with a new global performing credit group, hiring former Wells Fargo Asset Management officials as co-heads 

RBC hires ex-Citi structured credit sales head for alternatives push
RBC Capital Markets has hired Citi's former European structured credit sales head to lead its European alternatives and private capital solutions effort

Pemberton seeks partners for private debt strategies
Pemberton Asset Management is seeking to build long-term private debt partnerships with wealth and asset managers through its Pemberton Wealth & Asset Management Solutions initiative

Morgan Stanley IM rakes in $1.6 billion for junior debt fund
Morgan Stanley Investment Management has closed its latest junior direct lending fund, North Haven Credit Partners III, at $1.6 billion

Silver Point raises $2 billion for direct lending
Silver Point Capital has raised $2 billion through its direct lending business for Silver Point Specialty Credit Fund II. The firm says this is its hard cap and that $1 billion was its target

SLR targets $1 billion deployable capital for healthcare direct lending fund
SLR Capital Partners has surpassed the halfway mark on its first dedicated healthcare-focused direct lending fund, making a $480 million initial close

Blue Owl closes $2 billion debut opportunistic credit fund
Blue Owl has closed its inaugural credit opportunities fund, Owl Rock Opportunistic Fund at its $2 billion target

Eurazeo closes €1.5 billion European direct lending fund and readies next one
Eurazeo has closed its fifth European direct lending fund, Idinvest Private Debt V, at €1.5 billion

Tikehau retains 68% of investors for second €617 million special opps fund
Tikehau Capital has closed a second special opportunities fund at €617 million - and says 68% of commitments in Fund II were re-ups from investors in Tikehau’s inaugural special opportunities fund