Sound Point plots first US direct lending fund following CVC acquisition
Sound Point Capital Management is looking to fundraise for its its first US direct lending fund since acquiring CVC’s US direct lending unit

Leucadia seeds European distressed and credit opps firm Pearlstone
New opportunistic credit firm Pearlstone Alternative has received backing from Leucadia Asset Management in the form of seed capital and distribution services

LP round up: Oak Hill wins $300 million for strategic credit and Arcmont eyes fund four
US investors allocated nearly $1.5 billion to credit funds in May, with managers to win mandates including: 400, Accel-KKR, Advent, Arcmont, ArrowMark, Comvest, Edelweiss, Francsico, Oak Hill, Sixth Street and Sprott

Credit funds at a glance (June 2022)
A round up of fundraising and people moves in credit
 
   

EIF back's Irish direct lender's €335 million fund
The European Investment Fund has made its first 'diversified' debt fund investment in Ireland after allocating €70 million to DunPort Capital Management’s Oak Corporate Credit DAC

Nuveen targets €500 million for inaugural pan-European real estate debt fund
Nuveen has made a first close on its fourth commercial real estate debt fund, expanding its geographical focus for the latest series from a UK-focused only to a pan-European strategy

400 Capital targets $600 million for opportunistic structured credit fund
The fund is targeting a $600 million final close next month with target net returns of 12-15%

Angelo Gordon closes $3.1 billion credit solutions fund in seven months
Fundraising for AG Credit Solutions II means the firm’s all-weather distressed and special situations platform has grown to $11 billion.

Pantheon exceeds $500 million target for second private debt secondaries fund
Pantheon has held a final close of its second private debt secondaries fund, Pantheon Senior Debt II, at $834 million

KKR collects $1.1 billion for inaugural Asia credit opportunities fund
The firm claims it is the “largest inaugural pan-regional fund focused on performing credit” and “one of the largest inaugural pan-regional credit funds to have been raised for Asia Pacific"

Barrow Hanley holds final close on captive CLO equity fund
Barrow Hanley Global Investors has held a second and final close of its CLO equity fund at $120.5 million

HSBC raises $1 billion for UK direct lending
The strategy was launched in early 2021 as part of the firm’s ambition to grow its alternatives capabilities

Chenavari takes three-pronged approach with new specialty finance fund
Chenavari has raised capital for a specialty finance fund, officials at the company have confimed to Creditflux. The fund, the firm’s latest vintage private credit strategy, launched in February

Beach Point launches $1.5 billion US direct lending joint venture with KeyBank
KeyBank Beach Point Direct Lending Program will combine sourcing, underwriting and structuring capabilities for middle market borrowers

StepStone keeps up private credit growth with $600 million credit opps fund
StepStone Group has raised “over $600 million” for a fund that will invest in stressed, distressed dislocated credit assets

La Banque Postale launches first infra debt fund "of its kind" with Article 9 offering
La Banque Postale Asset Management has raised €270 million as part of the first close of  LBPAM Infrastructure Debt Climate Impact Fund, which is an Article 9-aligned fund under the Sustainable Finance Development Regulations

Kayne Anderson closes $1.87 billion real estate debt fund
Kayne Anderson has closed a fourth real estate debt fund at $1.875 billion, surpassing its intitial $1.5 billion target 

Monroe closes first opportunistic private credit fund with 'over 75 investors'
Monroe Capital has won commitments from ‘over 75’ investors, closing its inaugural opportunistic credit fund, Monroe Capital Opportunistic Private Credit Fund I, at $286 million

LP round up: Apollo and Silver Rock win over $1 billion as pensions plough into private debt
Institutional investors allocated at least $2 billion to credit funds in April, according to Creditflux data, with Apollo and Silver Rock emerging as big winners

Onex surpasses $500 million target for CLO investment strategy
Onex Corporation has finished fundraising for its latest CLO investment vehicle named Onex Structured Credit Opportunities Fund, surpassing its $500 million fundraising target

Muzinich targets high income with new flexible credit fund
Muzinich & Co has launched Muzinich Dynamic Credit Income Fund, which it says is “designed for investors seeking outperformance in rising credit markets without taking excessive risks”

Credit funds at a glance (May 2022)
A round up of fundraising and people moves in credit
   

Top macro credit PM will fly solo with fund launch
A new credit investment firm could soon be in the offing, following the departure of Alberto Gallo from Algebris Investments in April, suggest market sources

Kayne Anderson closes fourth middle market direct lending fund
The firm says it has collected $4.5 billion of investable capital across Kayne Senior Credit Fund IV & IV-B, two private business development companies, managed accounts and other vehicles investing alongside the fund

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