LBP AM raises EUR 500m for infra debt backing climate change fight
The European alternative investment firm will use the latest debt fund to invest in low-carbon or de-carbonizing infrastructure

Investec raises EUR 600m for oversubscribed private debt fund
Investec Alternative Investment Management held a final close for the sophomore Investec Private Debt Fund II, which focuses on lending in the European lower middle market

Churchill raises USD 16bn in largest capital raise to date
The total includes the closings of the fifth vintage of the firm’s flagship senior loan strategy, along with separately managed accounts

KKR raises USD 2.5bn for Asia private credit
The sophomore fund focuses on performing credit and will lend to companies across Australia, China, India, Japan, Korea, New Zealand and South Asia

Sixth Street raises EUR 7bn for European direct lending
FUND LAUNCH: The Sixth Street Specialty Lending Europe III fund held a final close at its hard cap

Ares raises USD 7.1bn for private credit secondaries
The firm held a final close for its first dedicated credit secondaries fund, doubling its initial target

Davidson Kempner raises USD 1.1bn for private ABF strategy
The firm also held a final close for its Davidson Kempner Income Fund II, the second vintage fund under this global private asset-backed debt strategy

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

Banner Ridge hits USD 4.2bn hard cap for credit secondaries fund
The oversubscribed fund, Banner Ridge Secondary Fund VI, will acquire stakes in opportunistic credit and special situations funds

US public pensions seek ABL, Europe, and fee savings in private credit – Year in Review
Public pensions increasingly seek co-investments, custom accounts; Asset-based lending, specialty finance strategies gain traction from Debtwire Municipals

Blackstone-backed ASK Alternates closes first private credit fund in India
ASK Private Credit was oversubscribed with USD 63m raised, following strong demand from India’s wealth market investors

Pimco raises USD 7bn for asset-backed finance strategy
The capital was raised across a number of vehicles and included commitments from a diverse investor base that included individual investors as well as insurers

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

Pathlight secures USD 1.9bn for asset-based lending
The firm held a final close for its fourth fund and raised capital via its parallel evergreen fund

OHA raises USD 17.7bn for large-cap, senior direct lending
The firm held a final close for its OHA Senior Private Lending Fund (OLEND), which raised USD 8bn in equity commitments

CAPZA raises EUR 1bn for senior direct lending strategy
The latest fund is already 60% deployed, and CAPZA is planning to launch the next vintage in the series in 2026

TPG Credit raises USD 6.2bn for all-weather, special sits strategy
The latest fund exceeded the USD 4.5bn target by nearly 40%, the company said

Allianz GI raises EUR 1.2bn to fund private debt secondaries
The sophomore fund held a first close and will pursue private debt secondaries deals globally

Oklahoma system allocates USD 1.3bn as others set 2026 targets
OTRS commits USD 1.3bn to Blackstone, KKR private credit funds, while Los Angeles, New Hampshire, San Antonio pensions disclose recent moves

17Capital plans close of second credit fund in early 2026
EXCLUSIVE: The fund's AUM is expected to substantially exceed the first fund's EUR 2.6bn AUM

Ares launches seventh Asia-focused distressed debt fund
The global credit manager previously raised USD 2.4bn for the predecessor fund in the series

ICG hits USD 7.5bn fundraising mark for hybrid private debt fund
ICG Europe IX is now three-quarters of the way to its EUR 10bn target

Blackstone starts new fundraising round for institutional, evergreen US direct lending fund
The alternative asset management giant is back to raise more capital for Blackstone Senior Direct Lending Fund after previously closing on USD 22bn in October 2024

Neuberger goes smaller on flagship fund even as platform grows
The firm’s latest Private Debt Fund V clocked in around USD 1bn short of the predecessor fund as investor capital flows into other vehicles under the same strategy

Manulife CQS raises USD 1.1bn for regulatory capital relief strategy
Under the strategy, the manager can pursue bilateral and club deals to take loans off a bank’s balance sheet