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

Neuberger Berman raises USD 7.3bn for US direct lending
The firm held a final close for NB Private Debt V, which will be used to invest in senior secured, first-lien and unitranche direct loans

Polus raises EUR 890m for European special situations fund
The latest fund exceeded its original EUR 750m target, a source familiar told Creditflux

CalPERS invests nearly USD 5bn in private credit in 2Q, with Ares, Sixth Street as biggest winners
 Public Pensions, Private Pursuits: California, Connecticut state systems make large private credit moves

Ares readies next flagship alternative credit, senior lending funds
The alternative credit manager also recorded its highest fundraising quarter, corralling USD 30bn from investors

Blackstone raises USD 1.6bn for new high-yield ABF strategy
The alternative asset management giant is targeting USD 4bn for its new high yield, private-asset-based finance fund

Tikehau surpasses target on private credit secondaries fundraise
EXCLUSIVE: The latest fund, which has yet to close, has already racked up more than USD 750m

Africa-focused alternative asset manager Enko Capital completes first close for flagship fund
The fund seeks to address the structural credit gap facing mid-sized African firms and to demonstrate the commercial potential of private credit on the continent

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

Oaktree raises EUR 200m to fund its European CLOs
The sophomore fund has already begun deploying capital, the company said

Muzinich & Co readies second Asia-focused private credit fund
EXCLUSIVE: The direct lending sophmore fund could be as large as USD 1bn

CVC closes latest European direct lending fund with EUR 10.4bn
The firm’s fourth fund, EUDL IV, has already committed to more than 30 investments

OHA closes in on USD 6bn for large cap senior direct lending fund
The open-ended fund is targeting sponsor-backed corporate borrowers with an EBTIDA greater than USD 75m, the firm previously told institutional investors

CFA warns of conflicts of interest in continuation funds
The growing popularity of continuation funds has raised questions around manager processes, the CFA Institute said

Rothschild’s Five Arrows closes fourth direct lending fund at EUR 2.4bn
Five Arrows Debt Partners IV is more than 70% larger than its predecessor fund

Silver Point raises more than USD 228m in CLO equity fund first close
Alternative credit manager has now raised around USD 479m for its CLO equity strategy this year.

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