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

Private equity firm poaches team of eight to launch private credit
Private equity firm LongWater Opportunities has launched a new US private credit and capital solutions strategy focused on the lower-middle market

Polen Capital adds senior member to private credit team
Polen Capital's private credit business has added a new senior director, private capital solutions who joins from Summit Partners

Fortress taps BlackRock for sponsor coverage hire
Fortress Investment Group has hired a new director to focus on sponsor coverage and origination in in Fortress’ credit business

Ann Arbor retirement system approves commitment to direct lending fund
The City of Ann Arbor Employees' Retirement System approved a USD 7m commitment to the PIMCO Private Income Fund

Hamilton Lane secures USD 290m for two private credit funds
Two funds raised by Hamilton Lane will be used to provide loans to lower middle-market companies in New York State

Pantheon brings private credit secondaries to the masses
Pantheon Group has launched a new evergreen private credit secondaries fund aimed at the US private wealth market

BlackRock creates ESG-focused credit fund
BlackRock launches new strategy as interest in private credit and sustainable investments continues to grow

Florida-based pension commits USD 20 million to direct lending fund
The Jacksonville, Fla. Police and Fire Pension Fund approved a USD 20m commitment to a diversified lending fund

T. Rowe and Oak Hill launch new BDC
The BDC is another indication of the growing demand for access to private credit funds from individual investors

Allspring doubles down on funds promoting reduced carbon emissions
Allspring Global Investments has expanded its portfolio of climate transition funds with the launch of its third climate transition fixed income fund

Ohio pension fund commits $50 million to credit fund
The commitments mark the second time this year the Ohio-based system has allocated funds to private credit. 

Alternative investment firm Värde raises nearly $1.5 billion for fund
Capital for the asset lending fund came from institutional investors from around the world

Altriarch launches new credit strategy focusing on overlooked segments

The South Carolina-based firm offers asset-based credit solutions to specialty lenders and small businesses 

Direct lending sets up on high street seeking retail and wealthy investors
Private credit managers, historically reliant on institutional investors, are increasingly turning to retail investors for fundraising. The dramatic growth in private credit as a whole has been well documented. But in the past few years there’s been a massive pickup by retail and private wealth.

SCRS sinks millions in private credit funds
Nine percent of the South Carolina system is already dedicated to private debt as it commits USD 50 million extra 

Maryland pension system commits hundreds of millions to credit funds
The Baltimore-based pension system made commitments to five private debt funds between June and September of this year

Golub expands fundraising in Latin America with new hire
The new hire from Lazard will work in the US offshore market, alongside institutional and private wealth investors in Latin America

Illinois police pension fund opens search for credit managers

The fund plans to start investing in US leveraged loans and increase allocations for private credit

Direct lending firm hires partner from Blue Owl
The newest addition to the team will focus on product and business development

Mount Street taps Dechert exec for client development role
The European-headquartered third-party loan servicer and credit asset manager is expanding Stateside. 

Demand for custom private credit structures growing says new report
The use of open-ended funds and hybrid structures are on the rise in private credit strategies according to a new report published by the Alternative Credit Council and law firm Dechert

Blackstone combines credit and insurance divisions in major reorganisation
The newly-created BXCI unit will be led by Blackstone veteran Gilles Dellaert and aims to grow assets under management to $1 trillion over the next decade.