Monroe sets $1.5 billion target for fourth lower mid-market direct lending fund
The Chicago-headquartered manager is targeting $1.5 billion for Monroe Capital Private Credit Fund IV. The vehicle held a $276.2 million first close last month

Schroders closes structured credit fund at $1.5 billion
Schroders has raised $1.5 billion for its latest structured credit fund, Focus II

ICG collects €4.2 billion for senior debt strategy, plans real estate debt fund launch
Intermediate Capital Group collected a further €1 billion for its latest senior debt strategy over the past six-month reporting period, taking the total amount for ICG Senior Debt Partners IV and separate mandates up to €4.2 billion

Ares targets $4 billion for junior private credit fund
Ares Management is targeting $4 billion for its latest junior private credit fund, Ares Private Credit Solutions II

GoldenTree targets $900 million for latest structured credit fund
GoldenTree Asset Management is targeting $900 million for GoldenTree Structured Products Fund VII, which looks to be the firm's latest offering focused on structured credit

Arrow's NPL fund hits €1.7 billion final close in 2020's 'largest' first-time private market European fundraise
In a tougher year for fundraising than normal, most market participants agree managers raising first-time funds could struggle. But that has not stopped Arrow Global from closing an inaugural European non-performing loan strategy at €1.7 billion

Schroders creates multi-asset private credit fund for DB pensions
Schroder Adveq MPCF will invest in a range of private credit assets, including corporate direct lending, real estate debt and infrastructure debt

Onex targets high yield bonds after bumper year of US bond issuance
Onex Credit is fundraising for Onex High Yield Bond Fund, according to SEC filings seen by Creditflux

Indiana pension allocates $160 million to CLO dislocation strategy and real estate debt
Indiana Public Retirement System has allocated $160 million to two credit funds focused on CLOa and real estate debt, according to recently released board documentation

Neuberger Berman seeks investors for fourth private debt fund
Neuberger Berman is fundraising for a fourth private debt fund, a little over 18 months since it closed the previous offering

UK pension pool takes management in-house for £1.5 billion index-linked bond fund
The UK’s Border to Coast Pensions Partnership has launched a £1.5 billion sterling index linked bond fund

Real estate debt firm gets over SEC settlement with $180 million fund raise
A Miami-based real estate debt specialist has raised $180 million for a credit fund that appears to have a flexible investment mandate

Värde closes $1.6 billion dislocation fund
Värde Dislocation Fund, has a flexible, global mandate to invest in mispriced, stressed and distressed credit, focusing on short- to medium-term credit opportunities

Puerto Rico-based direct lender seeks $200 million for new fund
Parliament Credit Opportunities Fund II will invest in senior financings to small and medium sized businesses across Puerto Rico and key Hispanic markets in the US

VSS holds first close on $400 million non-sponsored junior capital fund
VSS Structured Capital Fund IV will invest in non-control, non-sponsored, junior capital investments in US lower middle market companies

Corbel targets distressed and special situations with lower mid-market fund
Corbel Distressed & Special Opportunities Fund will focus on non-control turnaround and special situations in US lower middle market companies 

Bridge builds $1.5 billion real estate debt fund
Bridge Investment Group is targeting $1.5 billion for its fourth dedicated commingled closed-end US real estate debt fund

Colorado pension allocates $70 million to CLO debt strategy
Colorado Fire & Police Pension Association approved a $70 million commitment to a CLO debt strategy at its 5 November board meeting

LP round up: $2.8 billion flows to credit as Apollo concedes fundraising may slow
Florida Retirement System Trust Fund made the largest commitments allocating $1.6 billion. Apollo meanwhile acknowledged a potential slowdown in fundraising as investors await results on an independent review into CEO Leon Black's relationship with Jeffrey Epstein

Paris-based manager adds IG CLO tranches to the mix with new fund
A European CLO investor has recently launched a CLO Ucits to invest in investment grade CLO debt tranches, adding to its two CLO equity funds and one mezzanine debt fund 

Credit funds at a glance (November 2020)
A round-up of fundraising and people moves

CLO ETFs take off after market passes covid-19 liquidity test
The launch of the first CLO exchange-traded funds in recent weeks marks a turning point for the CLO industry, with senior tranches starting to be viewed as a liquid alternative to corporate credit

Carlyle BDC forms $250 million direct lending JV with Cliffwater
Carlyle’s business development company TCG BDC has formed a $250 million mid-market direct lending joint venture with Cliffwater

Credit fundraising: Dubai manager gets in on the act as direct lending takes off
Shuaa launches credit fund in the Gulf as Ares, Contingency, HPS and Perceptive are among those to close billion-plus funds

Loomis Sayles launches three European bond strategies for new team
Loomis Sayles has launched three European bond strategies, Creditflux has learned. The news comes after the Natixis affiliate announced earlier that it had added an eight-person European credit team from Kempen Capital Management