Anchorage exceeds hard cap on credit opportunities fund
The firm held a final close for Anchorage Credit Opportunities Fund IX, which will invest across stressed, distressed, structured and special situations credits

Fidelity doubles fundraise for sophomore opportunistic credit fund
The fund also revamped its name from Fidelity Distressed Opportunities Fund I

Invesco raises more than USD 700m for distressed debt, special situations investments
Invesco Credit Partners III has yet to hold a final close and has already surpassed the size of its predecessor

Credit funds at a glance – April 2025
Our roundup of top performers and moves in credit

400 Capital names leaders for ABS, corporate and distressed strategies
The alternative credit manager also announced two new partners

Banner Ridge holds first close for special situations fund that’s targeting 750m
EXCLUSIVE: The firm is fundraising for its third fund in the series that is set to have a final close early next year

Credit hedge funds - February 2025

Centerbridge launches new distressed debt fund targeting around USD 4bn
EXCLUSIVE: The Washington State Investment Board looks to come back as an investor in Centerbridge’s fifth special situation funds that’s looking to raise USD 4bn 

Oaktree lowered its distressed debt fundraise to USD 16bn
The market and investment environment for distressed debt shifted, and investors asked whether the original target was too big.

Oaktree Closes on USD 16bn for distressed debt strategy
Oaktree Opportunities Fund XII just edges out its predecessor fund, which closed in 2021 with USD 15.9bn in commitments  

Credit hedge funds - December 2024
Credit hedge fund performance

Fund performance - December 2024
CLO funds cap off strong 2024 with yet another good month

Carlyle raises over USD 7bn for credit opps fund
Carlyle today announced the final close of its third credit opportunities fund at USD 7.1bn in investable capital, marking the global investment firm’s largest credit fundraise to date

Dave Breazzano, Head of Polen Capital Credit Team, on finding niche opportunities in private credit
Dave Breazzano shares his insights on the evolution of credit markets, the rise of private credit, and the importance of opportunistic investing

Restaurant failures push up consumer services bankruptcies
The consumer services sector has seen a significant uptick in chapter 11 bankruptcies in recent months, driven largely by filings from restaurant and bar companies

Credit Outlook survey signals rising defaults among small borrowers
Respondents to the latest Credit Outlook survey from the International Association of Credit Portfolio Managers are forecasting rising defaults over coming months

Fund performance
Spire, Prytania and Serone funds enter top 10 dominated by CLOs; Leading fund: Alegra ABS 2

Funds roundup: June 2024
Private credit funds keep getting larger — some reaching billion-dollar status — while demand for niche solutions, such as interval funds and special situations, continues to escalate

MidOcean Partners closes USD 765m opportunistic credit fund
MidOcean's latest direct lending strategy focuses on lending to mid-sized stressed, distressed and dislocated performing businesses.

SFERS commits another USD 75m to private credit
The San Francisco City & County Employees' Retirement System's latest commitment to private credit comes in the form of a USD 75m allocation

Florida-based credit specialist raises USD 130m for opportunistic credit fund
A new opportunistic credit and asset-based finance fund will back companies in the media, tech, telecommunications, intellectual property and specialty finance sectors

Funds round up: May 2024
The demand for SRT strategies and special situations funds are on the uptick, as is the demand for managers and funds outside of North America. 

Paul Hastings taps nine attorneys from King & Spalding team
Paul Hastings has upped the ante on its expansion plans in the world of private credit and restructuring by hiring nine seasoned attorneys from King & Spalding

Sound Point readies third special sits fund
Sound Point Capital Management plans to launch its third special situations private credit fund during the fourth quarter of this year

Higher interest rates have caused more private credit downgrades, new report says
The lagging impact of higher interest rates is resulting in a sizeable uptick in private credit downgrades, according to a new report from KBRA