HighVista aims for USD 500m for third private credit fund
HighVista raised USD 78m as the Boston-based alternative asset manager targets USD 500m for its third private credit fund 

Churchill raises more than USD 350m for junior capital debt fund
Churchhill Asset Management raised funds for junior capital direct lending to sponsor-backed US companies

Irradiant raises USD 219m for CLO investing
Irradiant Partners raised USD 219m from investors for a CLO Opportunities Fund 

Blue Owl raises USD 400m in 12 months for direct lending fund
New York-based Blue Owl Capital has now raised approximately USD 1.9bn to date for a diversified lending fund, including USD 400m in the last 12 months

Public Pensions, Private Pursuits: 5th-9th July 2024
Florida, Wisconsin, and Vermont pension systems disclosed new private credit commitments, while the New York State (NYS), New Mexico, and Alameda County, California funds planned future mandates

Balbec raises more than USD 753m for sixth opportunistic credit fund
Balbec Capital has raised USD 753.26m for InSolve Global Credit Fund VI, the sixth vintage of its flagship opportunistic credit fund

German manager launches two new private credit fund-of-funds
YIELCO Investments, a German alternative asset manager, is planning a 2024 first close for two newly launched private debt fund-of-funds

Churchill launches private credit fund with USD 210m
Churchill Asset Management, an affiliate of global investment manager Nuveen, has launched a new private credit fund

TPG Twin Brook raises nearly USD 4bn for fifth direct lending fund
TPG Twin Brook has revealed the close of its fifth direct lending drawdown fund — TPG AG Direct Lending Fund V

Vector launches special situations private credit fund
A San Francisco-based private equity firm has launched a new private credit special situations fund, and is aiming to raise USD 300m

ABS specialist LibreMax partners with fintech platform iCapital
New York-based securitized credit specialist LibreMax Capital has teamed up with fintech platform iCapital

Ares closes USD 34bn senior direct lending fund
Ares has closed what could be the largest direct lending fund ever with nearly USD 34bn raised, including USD 15.3bn in equity commitments

Oak Hill seeks to raise new CLO equity fund with mammoth cap
Alternative credit manager Oak Hill is raising a huge new captive CLO equity fund to support global deal activity

MidOcean raises USD 100m more for CLO equity fund
New York-based MidOcean has raised a total of USD 236m so far for captive CLO equity fund

Illinois pension system looks for manager for USD 550m private credit allocation
An Illinois pension fund is on the lookout for a new specialist to manage its private credit portfolio, according to a 19 July request for proposal

Sycamore Tree raises more than USD 100m for CLO tranche strategy
Sycamore Tree Capital Partners has raised more than USD 170m across two separate debt funds, include USD 100.5m for CLO debt

Connecticut pension allocates USD 300m to Oaktree’s distressed credit fundraising
Connecticut pension system commits to Oaktree latest flagship distressed credit fund

Pearl Diver to list new CLO equity fund
Pearl Diver is listing a new CLO equity fund on New York Stock Exchange under "PDCC" ticker

Double digit returns tempt Middle Eastern investors to allocate to private credit
Investors in the Middle East are allocating billions to private credit. The trend is just getting started, with investments in the region expected to grow.

Alternative PE lending puts pressure on LP-GP alignment
Loans that use fund NAV or GP earnings as collateral are growing in popularity. But some feel these deals could have unforeseen effects and hinder transparency in LP relationships

Oak Hill teams up with One Investment for European private credit
US-based Oak Hill and One Investment ink JV with USD 5bn to invest in upper middle market and large European companies 

Chorus Capital raises USD 2.5bn for SRT strategy
Chorus Capital has closed a USD 2.5bn SRT fund that could be the largest ever in the space

New York retirement system allocates USD 400m to credit co-investment vehicle
The New York State Common Retirement Fund has invested USD 400m in a credit fund-of-one

Janus’ mezzanine CLO ETF tops USD 1bn of AUM
Janus Henderson’s B-BBB CLO ETF has grown to more than USD 1bn in AUM as retail investors are increasingly drawn to investing in CLOs. 

Boston pension system selects new private credit manager
The Boston Retirement System has selected a new manager and made a commitment to its private debt strategy, according to recently released minutes