Apollo prioritizes origination as dry powder pressures mount in private debt industry
Apollo's Rowan says sourcing deals will be the limiter of growth for his industry rather than finding capital, and will prompt more tie-ups with banks

GoldenTree to launch Private Credit Fund II
The second closed end fund in the GoldenTree Private Credit strategy should launch in the fourth quarter of 2024

BNP Paribas AM raises EUR 90m for private debt fund of funds
A new fund of funds from BNP Paribas AM will target European special situations by investing in 6 to 8 private debt funds 

Monarch raises USD 4.7bn for 6th credit opportunity fund
Monarch Capital Partners VI follows a “distress for control” strategy with a focus on corporate credit in North America and Europe

Ninety One closes EUR 150m ABL fund
Global investment manager Ninety One has held a final close for its European asset-based private credit fund, raising EUR 150m

Retail interest fuels third-party CLO equity return
After a few years skulking in the shadows, third-party CLO equity is fundraising furiously — and gaining traction among new kinds of investors.

ICG raises almost USD 2bn for North American direct lending
London-based ICG has closed on USD 1.9bn for its third North American direct lending fund, North American Credit Partners Fund III

Sycamore Tree kicks off new captive equity fund with major LP commitment
CLO manager Sycamore Tree has secured a USD 75m commitment for its second captive equity fund from SDCERA

AXA IM Alts launches IG ABS Fund
The latest fund launch by AXA is looking to raise at least EUR 1bn for a broad portfolio of investment-grade ABS assets 

Polus raises capital from Abu Dhabi Investment Authority for stressed credit
Polus Capital Management secures commitment from Abu Dhabi Investment Authority that takes the firm's special-situtation strategy to USD 5bn

Silver Point raises USD 4.6bn for opportunistic credit fund
It isn't just direct lending raising big checks. Silver Point blew past its target to bring in USD 4.6bn for a new distressed fund.

Sound Point breaks USD 1bn level on third direct lending fund
Sound Point Capital held a final close for its third US direct lending fund, raising USD 1.2bn of equity and debt

LBP AM raises EUR 300m for French private credit strategy
Paris-based manager LBP AM held a successful close raising EUR 300m for its small and mid-cap focused senior secured debt fund

ICG holds largest ever European direct lending fundraise
ICG Senior Debt Partners V broke records with a final close at USD 17bn (approximately EUR 15.2bn), the largest European direct lending fundraise to date

BNP Paribas raises EUR 741m for direct lending strategy
BNP Paribas Asset Management has completed the close of its third European senior private credit fund 

Park Square raises EUR 3.4bn for direct lending strategy
Park Square continued its long standing partnership with SMBC as the cornerstone of a Eureopan direct lending fundraise

Public Pensions, Private Pursuits: 26th-30th August 2024
Pennsylvania, New Mexico and Illinois reveal private credit investments, while the Texas and Arizona systems plot moves

CIFC raises nearly USD 100m for its opportunistic CLO investing fund
CIFC's latest fund invests across the CLO capital structure, including mezzanine and equity tranches, as well as in CLO warehouses

Antares pursues private credit fund for affluent individuals
Antares has filed for a non-listed BDC that targests affulent individal investors for private credit

Fair Oaks wins approval to launch industry’s first European CLO ETF
Fair Oaks Capital has received approval from Luxembourg-based regulator CSSF to launch the industry’s first European CLO ETF 

New Mexico pension system allocates USD 150m to private credit
The New Mexico State Investment Council is diversifying its European exposure with a new private credit fund commitment

Temasek raises USD 1.3bn for Asian private credit fund
Temasek's SeaTown Private Credit Fund II, which focuses on performing credit opportunities in the Asian Pacific, has closed

Access Pool plans to allocate GBP 350m to direct lending
UK-based pension system Access Pool is looking to allocate to direct lending strategies in Europe and the US 

Canyon Partners fundraises for its fourth CLO equity fund
Los Angeles-based Canyon Partners is fundrasing for its fourth CLO equity fund with a target that exceeds the last one

KKR raises more than USD 800m for its second Asian credit opportunities fund