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

BNP Paribas acquires stake in SME credit specialist Caple
BNP Paribas Asset Management has acquired a 10% stake in Caple, which facilitates lending to small and mid-sized enterprises through a fintech platform

KKR lists largest BDC on NYSE
A business development company (BDC) co-sponsored by asset manager KKR has gone public

US direct lender raises $91.95 million for second mezzanine fund
The vehicle has raised $91.95 million out of a total offering amount of $100 million with the backing of 24 investors

Private equity firm's credit unit raises $110 million at first close for new fund
The fund has a total offering amount of $350 million. It held its first close at $110 million after making its first sale on 31 October, US SEC filings indicate

AB reports highest AUM since 2008 as it launches BDC
The firm generated total net inflows of $4.5 billion for the quarter, a big improvement from the $15.3 billion in the outflows in last year’s third quarter

Manager edges closer to its $3 billion hard cap on credit fund
A California pension fund has approved a commitment for up to $30 million in a credit and distressed debt fund

WhiteHorse names three new direct lending-focused managing directors
WhiteHorse Capital, the credit arm of HIG, has named new managing directors in Stamford, Dallas and Chicago

Direct lending BDC to explore "strategic alternatives" following Q3 losses
The direct lender has announced it will explore “strategic alternatives” after a third quarter its chief executive officer described as “challenging”

BDC reports $25.3 million increase in AUM
FS Investment Corporation (FSIC) has cited the “very competitive” nature of the credit market during its third quarter 2017 earnings release

Closed-end fund Great Elm takes direct hit from falling satellite credit
Listed credit vehicle Great Elm Capital suffers income mismatch as largest position pays-in-kind

Ares keeps up direct lending growth and plans new credit fund launch
Ares Management’s credit business just keeps growing, with the firm planning a new fund launch and a continued push into European direct lending, according to a recent results presentation

US direct lender pulls the trigger on revolver credit fund
A firm has launched a new vehicle focused primarily on revolving credit facilities

LStar's Gerson joins FS as head of private credit
Asset manager FS investments has announced that Brian Gerson has joined as head of private credit

Chicago manager launches $1.2 billion leveraged direct lending fund
A new mid-market credit fund has raised $415 million equity capital, exceeding its original $350 million target

Loan managers pile into BDCs amid possible change to leverage ratios
Golub Capital Partners and TCW are among those to have launched new BDCs as regulators look to revamp leverage limits

Keep feeding the beast and you just might get bitten
Middle-market direct lenders are both suppliers and consumers of capital – and they risk hurting themselves when loan terms loosen

StepStone plans to put $4 billion into private credit
StepStone is looking build its exposure to direct lending by hiring fund managers. It is willing to sign up to managed accounts of up to $500 million

Mid-market lender Monroe signs JV with National Life
Monroe and National Life each put $50 million into new venture then look to add leverage

Crestline raises $1.3 billion for its latest credit strategy
Crestline Investors has closed its third credit opportunity fund, according to a press release. The firm states that Opportunity Fund III and related managed accounts secured over $1.34 billion of capital commitments