French direct lender launches new real estate credit fund
Tikehau Capital has teamed up with real-estate specialist Altarea to launch a new real estate credit fund

US manager launches second captive CLO equity fund
The firm closed its inaugural captive CLO equity vehicle at $375 million just 14 months ago

Apollo launches private markets secondary fund
Apollo has registered to launch its new private markets secondaries vehicle, Apollo S3 Private Markets Fund

CSAM and Sixth Street launch CLO funds
Credit Suisse Asset Management and Sixth Street Partners are the latest firms to raise CLO funds

Two more credit firms explore US CLO management
Two US credit shops, headquartered in Greenwich and Boston, are the latest to explore launching US CLO management platforms, according to multiple sources. One has also launched a CLO fund.

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

AlbaCore prepares investment grade and opportunistic CLO strategies with European focus
AlbaCore Capital Group is building out its CLO investment capabilities, with officials at the firm telling Creditflux about the launch of two new CLO strategies — one focused on investment grade CLO tranches and another with a more opportunistic CLO approach

Managers raise rated-note feeders despite scrutiny from US insurance association
Alongside its investigation into CLOs, the National Association of Insurance Commissioners is weighing up its treatment of collateralised fund obligations (CFOs) and rated-note feeders

KKR plans asset-based fund
KKR Asset-Based Income Fund will take a 'multi-sector' approach, investing across consumer finance, mortgages, small-medium sized enterprises, hard assets, infrastructure and contractual cash flows

LGT eyes CLOs in new $750 million evergreen credit fund
LGT Capital Partners has launched a new evergreen credit fund, which will invest in a variety of floating rate credit strategies – including CLOs

Oxford Funds launches closed-ended CLO fund
Oxford Park Income Fund will invest primarily in CLO equity and junior debt tranches, with the ability to opportunistically invest in CLO warehouses

Ares targets high-net worth investors as it raises $1.5bn for non-traded BDC
Ares Management has raised $1.5 billion for a non-traded business development company known as Ares Strategic Income Fund

Blackstone launches rated-note feeder for direct lending strategy
Blackstone has launched a rated feeder fund, which is linked to a direct lending strategy

Diameter closes second dislocation fund at $2.2 billion hard cap
Diameter Capital Partners has closed its second dislocation fund with $2.2 billion commitments

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

Revolution wins private debt mandate from UniSuper
UniSuper, one of Australia’s largest super funds, has announced it mandated Revolution Asset Management to manage an Australian and New Zealand private debt portfolio

Pimco eyes CLOs as part of new flexible credit interval fund
Pimco is preparing to launch a new closed-ended, non-listed interval fund, named Pimco Flexible Corporate Income Fund, which will invest at least 80% of assets in corporate debt across public and private credit markets

Rated-note feeder funds emerge as CFO alternative
Insurance companies are increasingly looking to invest efficiently in credit products. The resurgence of collateralised fund obligations has been well documented, but sources say rated-note feeders are also gaining in popularity

Credit funds at a glance (April 2023)
A round up of people moves and fundraising

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

Uni of Michigan reveals $50 million CLO fund allocation
The Regents of the University of Michigan has revealed a $50 million allocation to a captive CLO equity fund

SEI plots CLO interval fund launch
SEI Investment Management is launching a new closed-ended interval fund focused on CLO tranches

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 targets $5 billion for second credit 'Pathfinder' strategy
Ares says it is finding relative value in FinCo loans, rescue financing, asset portfolios and residential mortgages and is monitoring opportunities in CLO tranches

Federated Hermes unveils sustainable global IG credit fund
Federated Hermes Limited today unveiled a sustainable global investment grade credit fund, Federated Hermes Sustainable Global Investment Grade Credit Fund, which complies with Article 9’ of the Sustainable Finance Disclosure Regulation