PineBridge builds US private credit fund
PineBridge Investments has registered a new private credit fund - PineBridge Private Credit, according to US regulatory filings

Franklin Templeton acquires Benefit Street
Franklin Templeton Investments has acquired $26 billion credit fund manager Benefit Street Partners

US pension commits $100 million to Apollo's hybrid private credit/private equity fund
Pennsylvania State Employees’ Retirement System has mandated $100 million to a multi-strategy fund managed by New York-based Apollo Global Management

New Mexico pension fund supplies $100 million to private energy credit
A new energy credit fund will primarily underwrite direct loans to small and middle market conventional energy companies

Balance Point weighs in with $380 million for latest credit fund
Balance Point Capital has held a final close for its credit fund with $380 million capital commitments, exceeding its initial $300 million target.

Blackstone grows credit assets by 31% over year
The firm achieved strong fundraising in credit, taking credit-related assets under managment to $130.6 billion in the third quarter, a 31% increase year-on-year 

Ellington teams up with Princeton to launch opportunistic credit interval fund
Ellington Management has teamed up with Princeton Fund Advisors to launch an opportunistic credit interval fund

KSL holds $671 million close for second travel and leisure credit fund
KSL Capital Partners has held a final close for its second credit fund with $671 million in capital commitments

TSSP launches capital solutions fund
TPG Sixth Street Partners (TSSP), the credit platform of private equity giant TPG, has launched a fund to target late stage growth companies

Vistara develops third technology debt fund with $100 million target
Vistara Capital Partners has  uploaded its third technology debt fund and held its first close at $40 million

Alameda County approves $33 million investment in senior loan fund
Alameda County Employees’ Retirement Association has approved a $33 million commitment to a senior debt fund managed by Abry Partners

Carlyle lands acquisition of $5.6 billion Apollo Aviation
The Carlyle Group has expanded its asset-based credit offerings with the acquisition of Apollo Aviation Group 

New Jersey pension fund allocates $100 million to tech-focused BDC
The State of New Jersey Department of Treasury has awarded $100 million to a direct lender's sector-focused BDC

Dallas pension fund set to cut private debt
The Dallas Police and Fire Pension Fund, at an 11 October meeting, approved a new long-term asset allocation plan that will gradually wind-down its private debt portfolio

White & Case promotes seven debt specialists to partner
The law firm has promoted several debt specialists to partners around the world

Varagon opens Chicago office to focus on healthcare and hires three
Varagon Capital Partners has built out its platform with the opening of a Chicago office to focus on healthcare finance opportunities, hiring a team of three to lead the healthcare effort

Los Angeles pension fund looks for direct lender to take on $670 million mandate
The $16.9 billion pension fund approved a new asset allocation in April this year and is now issuing a private credit mandate for 3.75% its total fund assets 

Direct lender Star Mountain gets its latest fund off the ground
The US lower middle-market direct lender has raised at least $30 million for Star Mountain Diversified Credit Fund III

Sagard exceeds $500 million target for debut credit fund
Sagard Holdings, the investment platform of Power Corporation of Canada, has already raised more than $545 million for its inaugural credit fund

Shareholders approve new leverage limits for TPG BDC
Shareholders for TPG Speciality Lending have approved the decision to decrease minimum asset coverage ratio to 150%, following an 8 October vote

Cross Ocean sails to $1 billion finish line for two funds
Cross Ocean Partners has raised over $1 billion in capital commitments for two of its funds, the firm has announced

Bain looks to go public with $1.3 billion BDC
Boston-based Bain Capital Credit is going public with its $1.3 billion business development company with an initial public offering

Boston pension system looks to allocate towards private debt
The Boston Retirement System has opened the search for a close-ended private debt fund.

Monroe prices second new issue mid-market CLO of 2018
Monroe Capital Partners has priced its second new issue middle market CLO of the year, according to market sources

Finding a way around the regulator’s web
In Europe, direct lending funds are usually caught in the complex web of requirements spun by national regulators. But unregulated funds can sidestep many rules and be launched more quickly