Investors pledge cash after turning to direct lender Prestige
Just like every magic trick has three parts, every fundraising has three stages: building a track record, marketing and, the most difficult, delivering strong returns. Prestige is clearly performing well as it gains three investor mandates

Bain rebrands Dublin unit and applies for management license in Ireland
Dublin-based Broadhaven Credit Partners - launched as a JV between Bain and financier Dermot Desmond - will now operate as Bain Capital Credit

Manager's aviation debt fund takes off with $115 million
A new debt fund is getting into gear, having held a first close of $115 million

French direct lender opens Munich office and unveils new private debt fund
The Paris-based firm has also announced two new hires in its French and German offices

Clearwater increases headcount in its UK debt advisory business
Clearwater International has made two hires to its UK debt advisory team with David Grassby and Hertej Rattan joining the firm

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

Edinburgh-based direct lender goes to boutique bank OakNorth for revolver
Edinburgh-based direct lending investment company RM Capital has subscribed to a revolving credit facility with a boutique bank

Amundi hopes investors bite as it produces Italian ham and cheese offering
Amundi aims to raise €150 million for a new private debt fund that will invest in private bonds guaranteed by iconic Italian food products    

ICG's direct lending fundraise results in €5.2 billion of ‘dry powder’
London-based Intermediate Capital Group has announced a successful fundraise for the third vintage of its senior debt partners strategy

Swedish firm debuts direct lending fund with an eye on Scandanavian SMEs
A Swedish broker and asset manager has launched a new direct lending vehicle known as the Scandinavian Credit Fund I

Pension-backed manager launches debut credit fund at €855 million
A London-based boutique has raised €855 million for a credit fund, Creditflux has learned

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

Amundi raises €665 million loan fund and expands in real estate debt
Paris-based Amundi reveals the final close of its third senior corporate debt fund and expansion of its real estate platform

Favourable factors drive direct lenders into large-cap loan space
Direct lending is getting bigger – both in terms of the capital being raised and the scale of the borrowers subscribing to private credit deals

Direct lending managers flock to unregulated fund structures
Direct lending managers are seeing the benefits of using unregulated fund structures

SMEs query make-up of direct lending platforms
Direct lenders that are affiliated with private equity businesses are being eyed with caution

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

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

Aberdeen Standard holds first close on secured credit fund at £350 million
Aberdeen Standard Investments is looking to invest in real estate debt, infrastructure debt and other types of private credit

GSO raises new credit fund as it eyes $2.4 billion portfolio acquisition
Recent fund-raising may be vehicle to acquire large mid market portfolio

Direct lender Tikehau hires Spanish origination specialist
Paris-based private debt manager Tikehau Capital has taken on an experienced origination specialist focusing on the Iberian pensinula

Kartesia closes fourth credit opportunities fund at €870 million hard cap
European direct lender Kartesia has announced the final closing of its fourth fund at €870 million

Finnish firm to launch €300 million European direct lending fund of funds
Finnish firm Certior Capital is set to raise a new fund of funds with a hard cap of €300 million, company officials confirm

AEW and Natixis AM raise another €100 million for real estate debt fund
AEW and Natixis Asset management, both affiliates of Natixis Global Asset Management, have completed a third closing of Senior European Loan Fund II (Self II) following commitments from institutional investors in France, Germany and Italy