Monroe raises USD 6.1bn for senior direct lending
The firm held a final close for its Monroe Capital Private Credit Fund V and raised additional capital from separately managed accounts

Triple Point launches fund finance strategy with new hire
The London-based investment manager will now provide net-asset-value financing, subscription line financing, and GP financing to mid-market sponsors

Sixth Street Specialty Lending starts CEO transition
The BDC’s current CEO Joshua Easterly will step down from his position at the end of the year but continue his role as co-CIO of the greater Sixth Street platform

LPs seek cyclical private credit play amid US economic uncertainty
Many LPs pivoted to all-weather private credit strategies in recent years, but interest in more opportunistic and special-sits strategies reliant on a credit downturn are picking up once more

Rithm acquires Crestline, creating USD 98bn alts platform
Crestline adds USD 17bn in assets under management and capabilities across direct lending, fund liquidity solutions and insurance

Capital Four raises around USD 120m for first global captive CLO equity fund
EXCLUSIVE: The firm has held a first close for its latest CLO equity fund, which will fund the firm’s future CLOs in both the US and Europe

FS Investments readies opportunistic credit fund, targets USD 750m
EXCLUSIVE: The vehicle, which will be the second opportunistic fund from FS, is set to launch in the third quarter of this year

CPP Investments backs Varde’s subline strategy launch
The Canadian pension giant provided USD 300m of strategic equity toward the new fund finance platform

Bank partnerships aren't the only solution for origination, hears conference
Delegates at Private Credit Connect East heard a passionate defence of the benefits of independent origation efforts  

Mount Street taps Dechert exec for client development role
The European-headquartered third-party loan servicer and credit asset manager is expanding Stateside. 

Robeco launches sustainable senior loan fund with €130 million first close
Orix Corporation, Robecco's parent company, has committed a 'significant' amount of the €130 million initial commitments

Private debt team spins off Trea to form independent manager
The private debt team has spun-off and will be rebranded Zenon Asset Management

Ardian closes €5 billion European direct lending fund
Ardian has closed its fifth mid-market European direct lending strategy with €5 billion capital commitments, exceeding its €4 billion target

Credit volatility leaps after US inflation bolters hawks
Credit volatility spiked on Thursday in the wake of a US inflation report that dispelled any remaining conjecture the Federal Reserve will slow its pace of interest rate hikes at the next policy meeting

LP round up: $2.7bn flows to 20 credit managers as investors battle PE overallocation
Investors faced huge headwinds in September with inflation, rising interest rates, and geopolitical turmoil, alongside the UK gilts sell-off at month end

Ninety One holds first close on first private debt fund targeting sponsorless loans
Ninety One has made a breakthrough in its bid to build out a European private credit offering by holding a first close on a fund that will lend to sponsorless borrowers in Europe

LP round up: private credit takes big slice of inflows as 10% portfolio share projected for 2026
Institutional investors revealed nearly $4 billion allocations to credit funds in July, with recipients including Angelo Gordon, Apollo, Ares, BlackRock, Brookfield, CarVal, Comvest, Deerpath, KKR, Schroders and Sixth Street

Monroe collects $4.8 billion for fourth US direct lending fund
Monroe Capital has closed its latest US direct lending fund with $4.8 billion of investable capital, which includes $2.3 billion in commitments, $1.1 billion of leverage and $1.4 billion from managed accounts

Traders eye expensive options as they look to get creative
Credit market volatility trades may look exceptionally expensive, but that is not stopping them being a prized tool for investors on a number of fronts — from hedging longer-term macro risks, through pre-March index roll positioning, to cross-asset relative value plays

Real estate manager wins $50 million debt mandate from 'Hong Kong insurer'
Patrizia has secured a $50 million commitment from a Hong Kong insurer to invest in real estate debt

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

SVP doubles assets from 2020 as it launches $5 billion distressed fund
Strategic Value Partners has closed a $5 billion distressed debt fund, which it says has made it one of the “largest global investors in the distressed debt and special situations space”.

CLO demand drives loan outperformance versus bonds
Leveraged loans could be set for their strongest run of outperformance over high yield bonds since 2017, say investors and strategists ­— if the CLO engine and an influx of money to funds continues to drive flows

Los Angeles pension seeks global credit manager for $880 million mandate
Flush with cash? The Los Angeles Water & Power Employees' Retirement Plan has launched a request for proposal for its ‘active extended global credit’ mandate. But only managers with $50 billion under management need apply

Single name shorters get improved entry point after conviction test
Returning market optimism has taken credit spreads back to ultra-tight levels. But for bears, this posits a better entry level for short trades, and the recent blow-out may have given strong pointers where to target them