Goldman Sachs shakes up private credit team
Goldman Sachs is rearranging its senior-level private credit team with the appointment of Greg Olafson as global head of private credit. 

San Francisco retirement system makes new private credit investment
The San Francisco City & County Employees' Retirement System continues to pump money into alternative investment funds, having recently made two new commitments totaling USD 130m

Monroe Capital receives another commitment for flagship credit fund
Monroe Capital's Private Credit Fund V received a USD 10m allocation for its lower middle market direct lending strategy

Florida pension system allocates to three alternative funds
Three funds received commitments from the City of Hollywood Employees' Retirement Fund including an opportunistic credit fund and a direct lending fund

Cryptocurrency startup launches Bitcoin private credit fund
Meanwhile Advisors hopes to attract the attention of institutional investors, who will buy into the new bitcoin private credit fund in US dollars, which will then be converted to Bitcoin

Golub Capital becomes lead investor in reinsurance sidecar vehicle
Golub Capital is expanding its offerings with a lead investment in Ruby Reinsurance Company, a newly-formed reinsurance sidecar vehicle backed by Reinsurance Group of America

Monroe Capital receives USD 5m commitment from Monroe County
Michigan-based pension organization Monroe County Employees' Retirement System approved a commitment to a Monroe Capital-managed private credit fund

Is direct lending on the rebound? - Debtwire Special Report
After a slow start in 2023, direct lending in both the US and Europe has been on the rise, with volumes in Q3 almost doubling compared to the previous quarter

Star Mountain closes USD 1.2bn direct lending fund
Value-Added Direct Lending Fund IV is 90% deployed with a direct lending investment strategy targeting US lower middle-market companies

DigitalBridge closes USD 1.1bn digital infra credit fund
DigitalBridge has closed a digital infrastructure fund called DigitalBridge Credit (Onshore), raising USD 1.1bn in commitments

ICG continues to build out global credit platform with two new senior-level hires
Global alternative asset manager is growing its North American private debt business. 

Private credit lending continues to surge, according to AIMA report
Lending grew by more than 60% between 2021 and 2022 according to a new report entitled "Financing the Economy," by the Alternative Credit Council, a private credit affiliate of the Alternative Investment Management Association.

Knoxville pension system commits USD 10m to direct lending fund
The pension fund is making its first direct lending allocation as it explores the asset class 

Pensions pivot from vanilla private credit to focus on niche sectors
Retirement and pension funds continue to pump money into private credit, enticed by the prospect of higher returns. But as the market grows, more are turning their attention to niche sectors, such as ESG-oriented investments and specialised credit.

Private credit investors hail ‘golden age’ of rapid growth and low regulation
The “golden age” of private credit has arrived as investors take market share from banks, according to Scott Rosen, partner at Ares Management

Credit hedge funds
Hedge fund performance tables

Credit funds at a glance
Fund performance; people hires; fundraising 

First Eagle hires new senior alternatives strategist
First Eagle Alternative Credit is in expansion mode with the hire of a new managing director, portfolio manager and senior alternatives strategist from Nuveen

Ares secures another USD 50m for direct lending fund
The Ares Senior Direct Lending Fund III, which had its first close in July, is expected to be larger than previous vintages

KKR receives USD 75m commitment for direct lending fund
A US pension fund has made a USD 75m allocation to KKR's evergreen strategy focuses on US upper middle-market borrowers

Churchill expands senior lending team
Churchill Asset Management is beefing up its senior lending origination team with the hire of two new principals

Kennedy Lewis closes USD 4.1bn opportunistic credit fund
Kennedy Lewis Investment Management has closed on its Kennedy Lewis Capital Partners Master Fund III at USD 4.1bn, exceeding its USD 3bn target

Ares raises USD 6.6bn for asset-based credit fund
Ares Management Corporation revealed the final close of its asset-based private credit fund Ares Pathfinder Fund II, reaching its hard cap at USD 6.6bn in commitments

Bain Capital and Smith Hill Capital team up for sector-specific private lending platform
New platform will focus on new loan originations and debt refinancing in the US hospitality sector

Private credit's 'golden age'
The "golden age" of private credit has arrived, according to speakers at the IMN's ABS East 2023 conference