IAM closes senior debt fund at C$843 million
IAM Private Debt Group, the private debt business of Integrated Asset Management Group, has closed its sixth private debt fund at C$843 million ($634 million)

CVC Credit hires investor relations director from BlueBay
CVC Credit has appointed a former BlueBay official to its investor relations team

Churchill reaches halfway to $1.5 billion hard cap for loan fund
Churchill Asset Management has raised at least $746.5 million for its second middle market loan fund

Chatham launches second distressed and direct lending fund
The New Jersey-based hedge fund manager has begun fundraising for its second credit fund: Chatham Asset Private Debt & Strategic Capital Fund II

BlueBay targets €5 billion for European direct lending strategy
BlueBay Asset Management is targeting €5 billion for its latest European direct lending strategy, according to documents seen by Creditflux, and has won $125 million in commitments from two US pension funds

Reed Smith adds direct lending specialist as partner in US
The law firm has added a direct lending specialist as partner in the firm’s global finance practice.

Penfund closes sixth junior capital fund at CAD$1.15 billion hard cap
Canadian fund manager Penfund Management has closed its sixth junior capital fund, Penfund Capital Fund VI, at CAD$1.15 billion 

AEA markets successor private debt fund following $1 billion fund close
AEA Investors is marketing its latest private credit strategy, with the firm launching AEA Middle Market Debt Fund IV

Neuberger Berman nears final close for private credit fund at $1.5 billion
The New York-based manager has raised at least $1.57 billion for its third direct lending fund

Audax launches $1.65 billion direct lending fund
With leverage, the fund is anticipated to have $2.6 billion capital available 

New Energy increase target size for infrastructure credit fund
New Energy Capital has increased its infrastructure credit fund’s target size by $100 million following strong capital fundraising, US regulatory filings reveal

Callan hires Cliffwater senior MD as head of alternatives
Callan, an institutional investment consultant, has appointed Pete Keliuotis as head of alternatives and executive vice president.  

Majority of investors seek to increase private credit allocations, BlackRock survey reveals
Over half of investors plan to increase their allocation to private credit in 2019, according to an institutional client rebalancing report published by BlackRock

San Francisco pension assigns $75 million to evergreen private credit fund
A New York-based direct lender has won a $75 million mandate from San Francisco Employees' Retirement System, who are looking to deploy  $4.5 billion and partner with up to 25 private debt managers over the next six years

BlackRock BDC seeks shareholder approval to fast-track leverage increase
BlackRock TCP Capital Corp has become the latest business development company to seek shareholders’ approval to double its use of leverage

Eversheds Sutherland promotes debt specialist to partner
Eversheds Sutherland has promoted one of its Washington based lawyers to partner

New York pension fund allocates €250 million to European credit manager
A $207.4 billion pension fund has awarded the mandate to a multi-strategy credit fund managed by EQT Partners 

First Eagle lands $100 million for first direct lending fund since NewStar purchase
The New York-based manager has raised $100 million for the new vehicle, following the sale of NewStar’s $2.4 billion loan portfolio to Blackstone’s credit arm GSO Capital Partners

Minnesota pension slates $200 million to private credit after strong returns over Q3 2018
Minnesota State Board of Investments has awarded a $200 million commitment to two private credit managers

Ares starts 2019 with a bang, closing US senior direct lending fund at $5 billion
Ares Capital Management has held a final close for its US senior direct lending fund with $5 billion total capital available

BC Partners buys into KCAP business development company
BC Partners has agreed to take over management of business development company KCAP Financial from KCAP Financial Advisors

Crestline holds $800 million final close for US direct lending fund
The fund is thought to target an 11-13% net internal rate of return, employing up to 1.5x leverage

Direct lender Twin Brook hires managing director in Chicago
The middle-market direct lender has expanded its team with the hire of a managing director

Metropolitan raises $172 million for direct lending fund
Metropolitan Partners Group Management has closed its fifth direct lending fund with $172 million

NewStar rebrands to First Eagle one year after acquisition
The mid-market lender has rebranded and adopted its parent’s name First Eagle Investment Management