Ironwood targets $500 million for mezz debt and equity fund
Ironwood Capital is targeting $500 million ($550 million hard cap) for its latest fund which will focus on subordinated debt and minority equity investments in lower middle market US companies

Supply chain crisis hits credit amid shift to physical products
Credit investors are bracing for choppy waters as the supply chain crisis makes itself felt on company balance sheets heading into the year end

Most investors still behind target with sustainability and impact investing, survey finds
72% of global investors plan to increase their allocation targets to sustainability and impact investing. That is according to a limited partner survey by private markets firm HarbourVest Partners HarbourVest’s 2021 ESG, Sustainability, and Impact Investing Survey of LPs

LP round up: no Stoptober as investors allocate $5 billion to credit
US institutional investors allocated $5 billion to credit funds in October, with Oak Hill and Pimco among the biggest mandates    

Eagle Point hits $300 million hard cap on BDC-lending fund
Eagle Point Credit Management says it has held a $300 million final close on its Defensive Income Fund, hitting its hard cap and exceeding its original $250 million target

Brookfield hires industry veteran as public securities CIO
Brookfield Asset Management has hired a long-serving credit and equity market professional as chief investment officer for its public securities group

Antares names CEO following Brackett's retirement
Antares Capital has named its new chief executive officer, following the retirement of CEO David Brackett effective 31 December

Investcorp strikes partnership with distressed mid-market specialist
Marblegate Asset Management and Investcorp say they have formed a strategic partnership where the latter will provide Marblegate with long-term capital to strengthen its investment platform and provide access to to Investcorp's investor network

US pensions make even more space for private debt
US public pensions are increasing allocations to private debt with sources indicating that the resilience of the asset class during the covid-19 pandemic has accelerated the trend

Credit Fundraising: Blue Owl and WhiteHorse gain from improving animal spirits
Fundraising perked up in July as managers raised $14.9 billion for credit funds - the third highest monthly amount this year

Fund performance: Déjà vu as April leaders dominate
CLO funds stayed in the top flight for another month as they took over the top 10 credit hedge fund return table in May, when 87% of all funds listed made positive returns

Credit fundraising: managers take care of infrastructure with new partnerships
Credit managers were busy launching new partnerships to support growth in infrastructure and CLOs. There were 13 announcements in the month paving the way for upcoming funds, platforms, and joint ventures

PennantPark closes levered sleeve of private credit fund at $460 million
PennantPark Investment Advisers has closed the levered sleeve of its fifth comingled fund, PennantPark Senior Credit Fund Levered. Its unlevered sleeve, PennantPark Senior Credit Fund, is due to hold a final close in December

Marathon targets $300 million for inaugural healthcare credit fund
Marathon Asset Management is targeting $300 million for a credit fund focused solely on healthcare loans

LP round up: big name managers win direct lending mandates amid $1.5 billion allocations
Apollo, Ares, Barings and CVC were among the beneficiaries of the direct lending rush in May 

Credit fundraising: Audax scores big in lighter month
Fundraising markedly dropped in May, but credit funds still amassed $12.8 billion and 10 credit funds reached final closes across a variety of different strategies

Fund performance: CLO funds outperform as two hit over 100% 12-months return
CLO funds swatted away the competition in April on their way to dominating our top 10 credit hedge fund return table after an upbeat month

Carlyle hires head of credit investor relations in New York
Carlyle Group has hired an ex-Pretium official to lead investor relations for its credit platform

LP round up: $3.2 billion flows to 21 managers as private credit illiquidity premium holds firm
Investors allocated at least $3.2 billion to credit managers in April - and direct lending funds were in favour with Churchill and Ares being awarded two mandates

Fund performance: Lightning strikes twice as range of credit funds deliver
What seemed like a chance occurrence in February has struck again in March, as seven categories make our top 10 best performing hedge funds

Credit fundraising: three massive European direct lending funds notch up €17.6 bn
Fundraising figures continued upwards in April as just over $24 billion was raised for credit funds, alongside $3.2 worth of allocations to credit managers. Nine funds held final closes including the largest European direct lending fund raised to date

Carlyle and Aflac officials lead new ACC committee with ESG template outlined as priority
The Alternative Credit Council has launched an ‘investor manager committee’, chaired by Carlyle Group’s Erica Frontiero and Elena Boeva from Aflac Global Investments, that has ESG in private credit as one of its first orders of business

Ucits at a glance: Advent and Algebris lead the pack again
Ucits funds saw the brighter side of February, as 80% of funds achieved a positive return

Fidelity launches US direct lending business and hires team head from PNC
Fidelity Investments is launching a direct lending platform and has hired a senior PNC official to lead the new business from Chicago

Four managers win lucrative $700 million credit mandate
A $39 billion pension has selected four managers for an opportunistic credit mandate and identified a further four ‘bench’ managers