Connection anchors sterling share class in European private credit fund
Connection Capital says it has raised £3 million (€3.5 million) from its high net worth client base to invest in a manager's direct lending fund 

Kartesia amasses €1 billion for inaugural senior direct lending fund
Kartesia has held a €1 billion final close of its inaugural senior debt fund, Kartesia Senior Opportunities I

Four managers win lucrative $700 million credit mandate
A $39 billion pension has selected four managers for an opportunistic credit mandate and identified a further four ‘bench’ managers 

Permira targets up to €5 billion with fifth direct lending fund
The launch of Permira Credit Solutions Fund V comes 12 months after the firm held a final close on its predecessor

Manager sails to €210 million final close on fifth European credit fund
The fund will invest in debt and equity in Northern European small to medium sized companies

Tikehau places €500 million sustainable bond as it plans high yield impact fund
Tikehau Capital has placed an inaugural sustainable bond that it says is the first of its kind for an asset manager

Tikehau hires UK institutional business head
Tikehau Capital has appointed a head for its UK institutional business

CLO captive funds surge as US manager becomes latest to launch
The New York-based manager joins the likes of Kayne Anderson and GoldenTree this year to raise funds to invest in their own CLO equity and warehouse lines

Manager holds €135 million interim close on Italian private debt fund
The vehicle has a €200 million target and €250 million hard cap

Ares pledges charitable donations based on success of new $3.7 billion fund
Ares Management Corporation has held a final close on Ares Pathfinder Fund at its $3.7 billion hard cap - and portfolio managers will commit at least 10% of the fund’s caried interest profits to global health and education charities

Retail investors gain access to private credit with Northleaf Mackenzie fund launch
IGM Financial’s Mackenzie Investments has teamed up with direct lender Northleaf Capital Partners to launch a global private credit fund for accredited retail investors

NXT collects $1 billion for US mid-market direct lending strategy
NXT Capital has held a final close on its US middle market direct lending fund, NXT Capital Senior Loan Fund VI

Cerberus racks up $4.4 billion for US direct lending strategy
Cerberus Capital Management has held a final close of its latest US mid-market direct lending fund, Cerberus Levered Loan Opportunities Fund IV 

HIG Bayside closes $1.4 billion US distressed debt and special sits fund
HIG Bayside Capital, the distressed debt and special situation arm of HIG Capital, has held a $1.4 billion final close on its HIG Bayside Loan Opportunity Fund VI

Captor builds CDS use-case as it launches smart beta strategy
Stockholm-based Captor Fund Management is readying a fund that will aim to beat cash bond benchmarks by investing in CDS indices, adding to signs of broader appetite for the asset class

Credit funds at a glance (March 2021)
A round-up of fundraising and people moves

Hamilton Lane collects nearly $900 million for private credit fund
Hamilton Lane has held a 'nearly $900 million' final close of its sixth private credit fund, Hamilton Lane Strategic Opportunities Fund VI

Credit fundraising: ESG centre stage as capital pours into new strategies
Sustainability was the watchword for fundraising in February, amid a flurry of fund launches as well as first closes for impact funds and sustainable bond funds

Atalaya hits $1 billion hard cap on private credit fund with 10-13% return target
Atalaya Capital Management has hit its $1 billion hard cap on its private credit speciality finance fund, Asset Income Fund V

First Eagle targets $1 billion for direct lending
First Eagle is targeting a $1 billion fundraise for First Eagle Direct Lending Fund V

AlbaCore adds distressed hire among raft of new arrivals
AlbaCore Capital Group has added four hires to its investment team in recent weeks, taking its total headcount to 46

CLO equity investor bullish as it offers new share class on listed fund
The London-based manager is offering shareholders in its publicly traded junior CLO fund the chance to invest in a new listed share class - and it remains bullish on global CLO equity

Adams Street strikes $2bn JV with American Equity to bring private credit to insurers
Adams Street Partners and insurance company American Equity Investment Life have teamed up to co-develop insurer products in US middle market credit

Apollo holds $2.34 billion final close on latest credit dislocation fund
Apollo Global Management has held a $2.34 billion final close on its latest flagship dislocated credit fund, Apollo Accord Fund IV

Ares holds first close of junior direct lending fund as it eyes 'dozens more' $1 billion-plus funds
Ares outlined several credit fundraising initiatives in its fourth quarter earnings call - among which were a first close of its latest junior direct lending fund, upping the target for its credit special situations fund by over $1 billion, as well as new product launches including an evergreen alternative credit fund