Direct lending sets up on high street seeking retail and wealthy investors
Private credit managers, historically reliant on institutional investors, are increasingly turning to retail investors for fundraising. The dramatic growth in private credit as a whole has been well documented. But in the past few years there’s been a massive pickup by retail and private wealth.

Abu Dhabi-based sovereign investors put $1 billion into tech-focused credit platform
Abu Dhabi-based sovereign investor forms strategic partnership with US asset manager as it focuses on technology lending strategy

New Mexico State Investment Council commits $150 million to infra debt fund
The New Mexico sovereign wealth fund approved a $150 million allocation to the Newmarket International Infrastructure Finance Company IV 

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.

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

L Catterton expands credit platform with new co-head of private credit
L Catterton's private credit platform is in expansion mode, announcing a new managing partner and co-head of private credit

Private credit is still the number one topic for investors, hears conference
Delegates at the Debtwire Private Credit Forum 2023 heard that private credit has become the favourite topic for institutional investors

LP round up: HPS wins $550m mandate as Ares launches third US direct lending fund
US institutional investors allocated nearly $3 billion to credit funds in April. The news comes amid a BlackRock survey in the month which showed significant investor interest in private credit

Virginia pension discloses $800 million in credit allocations
Virginia Retirement System has disclosed $800 million in credit fund allocations made over the first quarter of this year

Fund performance: European CLO funds lead the way
February was a positive month for many funds, as only one quarter failed to reach the black. This builds off a stellar start to the year: 96% of funds reached a positive return in January

HPS raises $12 billion for fifth junior capital fund
HPS Investment Partners has closed its fifth junior capital solutions fund, HPS Strategic Investment Partners V, at $12 billion. With leverage, the strategy has $17 billion investable capital

Fidelity Investments raises over $100 million for BDC
Fidelity Investments says that its business development company, Fidelity Private Credit BDC, is up and running with “in excess of $100 million”.

Ares and Mubadala establish $1 billion global credit secondaries JV
The pair aim to capitalise on the 'anticipated growth and substantial demand’ from managers and investors for customised liquidity solutions

Angelo Gordon wraps up fundraising for $1.3 billion credit dislocation fund
AG CSF2A (Annex) Dislocation Fund is an extension of the AG Credit Solutions Fund II, which held a $3.1 billion final close in April last year.

Oaktree targets $10 billion for LBO financing strategy
The launch of the firm's large-cap sponsor-backed private credit strategy follows banks retreating from the LBO space and a more compelling risk-adjusted return than other sectors in the market

Proskaeur hires CFO specialist from SocGen
Proskauer has announced the appointment of Matthew Kerfoot as partner in its finance group in New York

Crescent amasses $8 billion investable capital for eighth credit solutions fund
The fund had an original $4 billion target, according to Debtwire Funds Data

Fund performance: Credit funds end difficult 2022 on a positive note
In December 66% of credit funds reached a positive return, following an even better November where 81% of all funds pushed into the black

Alpha Dhabi taps Apollo Mubadala partnership with $2.5 billion private credit JV
The group will leverage Mubadala's relationship with Apollo Global Management to access "high quality private credit investment opportunities" 

LP round up: 27 managers find the top corner with investor wins
Credit fund managers like to take it one fund at a time and give it 110% for their 90-minute investor fund pitches - and it's working as $3.8 billion was allocated during November and early December. The gaffer would be proud. 

Atalaya hires managing director in specialty finance practice
Atalaya Capital Management has hired Bharath Subramanian as managing director in its specialty finance practice in New York

Fund performance: Wake us up when September ends
After a resurgent August, credit markets hit a rough patch in September, with every Creditflux index posting negative returns, and only 12.9% of funds in our listings showing a positive return.

Churchill raises $12 billion for senior lending strategy
The total includes closes of Churchill's levered, unlevered funds and separately managed accounts

Vista hires from Anchorage to lead credit platform investor relations
Vista Equity Partners has appointed Michael Charlton as managing director for capital and partner solutions, responsible for investor relations on the firm's credit platform Vista Credit Partners

Apollo invests $1 billion in IG CLOs, launches secondary solutions platform and cuts BDC fees
In its earnings call, Apollo highlighted the resilience of the CLO asset class, strong deployment in direct lending, upcoming reduction in management fees for its publicly traded BDC and the launch of a new secondaries and sponsor solutions platforn, seeded by Abu Dhabi Investment Authority