KKR and Audax poised to receive commitments from Arizona pension fund
Arizona’s Safety Personnel Retirement System may commit $175 million to credit strategies run ky KKR and Audax, according to board documents seen by Creditflux

Direct lender founder to step down and be replaced by three-person committee
New York-based healthcare private lender OrbiMed Advisors has announced that its founder and managing director, Samuel Isaly, will step down after almost 20 years with the firm  

Manager adds to its private credit team and holds final close on new fund
Toronto-based Northleaf Capital Partners has announced the final closing of its global private credit fund, as well as two senior hires from Bain and HIG Capital in Chicago

Athyrium and Neuberger Berman announce $2 billion close of healthcare fund
A healthcare-focused asset manager has announced announce the closing of Athyrium Opportunities Fund III, which is subadvised by NB Alternatives Advisers, the advisor to Neuberger Berman’s private equity business

US direct lender announces first close at $275 million after Oaktree backing
Direct lender Runway Growth Credit has announced the successful closing of its $275 million initial equity capital raise, including a $139 million commitment from Oaktree

Pennsylvania pension fund commits $100 million to US direct lending
A Pennsylvania pension fund has approved $175 million in new commitments to asset mangers, including $100 million to a credit fund run by Brightwood Capital Advisors

London manager closes third credit fund at €459 million
Rothschild Credit Management has announced the final close of its third credit investment fund at €459 million

US private equity firm markets its debut credit fund
After hiring a head of credit in January, a US fund manager has started marketing a $300 million direct lending vehicle

Antares teams up with Bain for direct lending after LStar JV ends
The joint venture, to be named the Antares Bain Capital Complete Financing Solution, replaces Antares’ previous unitranche product, Middle Market Growth Program

KKR-managed BDC increases borrowing capacity of two revolving credit facilities
Corporate Capital Trust, a business development company externally managed by KKR Credit, has increased the maximum borrowing capacity of two of its secured revolving credit facilities

Private credit allocator finds there is no substitute for the real thing
A US pension scheme is considering decreasing its allocation to private credit – and it has nothing to do with performance

THL Credit co-founder resurfaces at insurer's private credit arm
Sun Life Investment Management has announced the appointment of Sam Tillinghast as president of its US private credit unit

Managers line up behind tighter guidelines for drawdown funds
Six months after new guidelines were released over the use of subscription lines of credit for private equity-style funds, the aftershocks have been less dramatic than some credit managers expected

Balance of power shifts away from direct lenders
Mid-sized corporations are getting their way at the expense of direct lenders at the negotiation table, recent research suggests.

Oaktree marks down former Fifth Street loan portfolio
Oaktree Capital has slashed the valuation of a portfolio of loans it took over from Fifth Street last month by $142 million

Industry veteran tapped to lead Wells Fargo middle-market team in Houston
Wells Fargo's middle-market banking team has named a new vice president, who previously launched the banking firm's New Orleans office

Florida firm rebrands direct lending strategy
The manager has rebranded its direct lending strategy to reflect its growing reputation in the market following significant AUM growth, according to a statement

Minneapolis manager raises $558 million for third mezzazine fund
The manager has held a final close on its third mezzazine fund, bringing total fundraising to over $1.2 billion across all three funds

Churchill launches breakthrough mid-market loan fund
Mid-market CLO manager Churchill has diversified its product range by launching a commingled loan fund 

Texas manager is in peak condition as it raises $1.1 billion for credit fund
Middle-market specialist raises over $1.1 billion for its latest credit fund, SEC filings reveal. 

Virginia pension fund commits $1 billion to US direct lender
The $1 billion commitment was made at the $76 billion pension fund's most recent board meeting

New Hampshire pension poised to invest $50 million to energy-related fund
The New Hampshire Retirement System committed to invest $50 million into a new energy-related direct lending strategy at its November meeting

NewStar sale set to go ahead after no further bids emerge
New York-based First Eagle Investment Management looks set to get its hands on mid market credit manager NewStar Financial after the end of a 30-day “go-shop” period

Manager raises $11 million for third credit opportunities fund
An Atlanta-based manager has raised more than $11 million from 31 investors for its third credit opps fund 

New US credit manager targets $750 million for debut fund
A start-up credit manager is marketing its inaugural credit opps fund