Tikehau wins €350 million mandate to manage Belgian direct lending fund
The €350 million fund will invest in subordinated and convertible loans to Belgian companies hurt by the covid-19 pandemic over the next five years

Control US CLO equity investor raises $400 million for fourth fund
The fund focuses on US CLO control equity positions, typically investing around 95-100% of the equity tranche

Los Angeles manager launches PE-style junior CLO fund
The firm appears to have raised at least $55.8 million with the backing of 36 investors 

Credit Fundraising: Blue Owl and WhiteHorse gain from improving animal spirits
Fundraising perked up in July as managers raised $14.9 billion for credit funds - the third highest monthly amount this year

Credit manager beats 25 to win £2.1 billion corporate bond mandate
UK pension pool Brunel Pension Partnership has selected a credit manager to manage its £2.1 billion ($2.9 billion) sterling corporate bond sub-fund

Signal detects European CLO options for upcoming fund
Signal Capital has plans to capitalise on the European CLO and ABS market, with sources indicating the special situations fund manager is seeking to launch a relative value hedge fund focused on these asset classes in September.

Israeli fund looks beyond carry to discounted CLO double Bs
A CLO fund set up in Israel a year ago is looking to unlock value in double B-rated tranches and is finding opportunities in the primary market where junior CLO tranches are regularly pricing at a discount

Credit funds at a glance (August 2021)
A round up of fundraising and people moves in credit

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”.

Morgan Stanley IM rakes in $1.6 billion for junior debt fund
Morgan Stanley Investment Management has closed its latest junior direct lending fund, North Haven Credit Partners III, at $1.6 billion

Silver Point raises $2 billion for direct lending
Silver Point Capital has raised $2 billion through its direct lending business for Silver Point Specialty Credit Fund II. The firm says this is its hard cap and that $1 billion was its target

SLR targets $1 billion deployable capital for healthcare direct lending fund
SLR Capital Partners has surpassed the halfway mark on its first dedicated healthcare-focused direct lending fund, making a $480 million initial close

Blue Owl closes $2 billion debut opportunistic credit fund
Blue Owl has closed its inaugural credit opportunities fund, Owl Rock Opportunistic Fund at its $2 billion target

Eurazeo closes €1.5 billion European direct lending fund and readies next one
Eurazeo has closed its fifth European direct lending fund, Idinvest Private Debt V, at €1.5 billion

Tikehau retains 68% of investors for second €617 million special opps fund
Tikehau Capital has closed a second special opportunities fund at €617 million - and says 68% of commitments in Fund II were re-ups from investors in Tikehau’s inaugural special opportunities fund

King Street raises $1.2 billion for first global credit drawdown fund
The fund will target distressed and stressed corporate debt, structured products, and asset-backed investments, as well as claims and claim-related opportunities

UK pension allocates £2.1 billion to CQS, Neuberger and Oaktree
Three global credit managers have won a total of £2.1 billion in credit mandates from Brunel Pension Partnership, as part of its newly launched Multi Asset Credit Fund.

HIG closes $1.65 billion US direct lending fund focused on non-sponsored deals
HIG WhiteHorse has closed a US direct lending strategy focused on sponsorless companies, HIG WhiteHorse Direct Lending Fund - 2020

Northleaf closes global private credit fund with $1.2 billion deployable capital
Northleaf Capital Partners has raised more than $900 million for its second private credit strategy, Northleaf Private Credit II 

CIC holds final close on mezzanine fund at €450 million
CIC Private Debt has held a final close on its fifth mezzanine fund at €450 million, which it says is €50 million over its initial target

Tikehau launches high yield impact credit fund
Tikehau says it has committed €30 million of initial capital to the fund, through which it aims to transition companies towards a net zero carbon economy

Arena holds $215 million first close on special situations fund
Arena's special opportunities partners funds invest in special-situations, asset-backed, credit-oriented investments

Credit funds at a glance (July 2021)
A round up of fundraising and people moves in credit

Credit fundraising: managers take care of infrastructure with new partnerships
Credit managers were busy launching new partnerships to support growth in infrastructure and CLOs. There were 13 announcements in the month paving the way for upcoming funds, platforms, and joint ventures

MV collects €526 million for second senior direct lending fund
MV Credit has held a final close on its second senior direct lending fund, MV Senior II