2023's mid market CLO volumes pass $13 billion as Ivy Hill prices
Ivy Hill Asset Management priced its second middle market CLO of the year on Wednesday named Ivy Hill Middle Market Credit Fund XXI

Global investment firm closes fund with $3 billion in capital commitments

Global investment firm closes fund with $3 billion in capital commitments, focusing on opportunistic investing. 

Illiquid assets are increasingly hot in the private markets according to Aeon survey
Illiquid assets may offer protection against macro uncertainty, according to findings from a new survey.

Angelo Gordon raises more than $1 billion for credit fund
New York-based alternative investment firm closes asset-based credit fund with more than $1 billion. 

San Francisco Employees' Retirement System approves multi-million dollar private credit commitments
Retirement system approves several multi-million dollar private credit commitments. 

Asset management firm creates new credit platform
Insurance and asset management firm Nassau launches new credit platform with more than $8 billion in assets under management. 

Private credit fundraising continues as two new funds launch
Private credit funds continue to see growth with two new US funds launching this week.

Barnes & Thornburg hires new lead for private credit team
Global law firm hires new head of private credit team in New York. 

Bain is back with first mid market CLO in four years
Bain Capital is back just two weeks after pricing their last CLO with a new US middle market CLO, the first for the Boston-based manager since 2019.

Massachusetts Water Authority narrows proposals for opportunistic credit search
Massachusetts Water Resource Authority Retirement System narrows opportunistic credit fund recipients down to three candidates. 

Veteran lawyer moves from buyside to law firm

A seasoned private funds lawyer will join Gowling WLG's investment funds team in London.  

Antares closes second senior loan fund with $6 billion
Private credit manager closes second round of senior loan fund with roughly $6 billions in commitments. 

Golub rearranges direct lending leadership team

Golub Capital promoted several members of its direct lending leadership team as the firm continues to grow.

ABL lending fund completes final close with $1.7 billion in commitments
Asset-based lending fund accepts $1.7 billion in capital commitments from a global set of institutional and retail investors. 

New Mexico State Investment Council plans to commit $600 million to private credit
New Mexico State Investment Council commits $600 million to two private credit managers during June meeting. 

Monroe Capital completes latest acquisition
Monroe Capital acquires venture debt lending firm for undisclosed amount. 

Man Group moves into US private credit with new acquisition
Man Group is buying US middle market lender Varagon Capital, according to a company announcement, in a $183 million deal due to complete in Q3 2023.

Large LPs turn to net asset value tools to finance private equity portfolios
NAV financing has a long history as a tool for private equity managers to get new capital into older funds, but now interest from creative institutional investors is widening its appeal.

Making chances
From co-investments to stakes in junior capital and distressed credit, delegates at the Debtwire Private Credit Forum heard the sector offers a range of opportunities, even with deal-flow down

Points up front
Get off the bus, but don't despair

Ventura County continues to invest in private credit funds
Ventura County approves $50 million for two private credit funds as target allocation increases.

Oaktree promotes head of performing credit
Oaktree shuffles its C-suite, announcing major changes for 2024's first quarter. 

Medalist Partners doubles size of private credit fund in final closing round
Medalist Partners enters final closing stages of its most recent private credit fund, nearly doubling the size of capital commitments from previous funds. 

Alaska Retirement Management Board commits $100 million to direct lending fund
It may be a tough environment for fundraising but the private credit market continues to pull in investments, with the Alaska Retirement Management Board agreeing to give up to $100 million to a fund

PennantPark's mid market CLO volumes pass $2 billion after latest new issue
PennantPark Investment Advisors teamed up with BNP Paribas on Friday to print a new middle market CLO named PennantPark CLO VII