BNPP AM produces its own Novo loan fund to target French mid market firms
BNP Paribas Asset Management has launched a new business loan fund, BNP Paribas Novo 2018, backed by the French Insurance Federation and French public sector investment fund.  

Ares targets €4.5 billion for fourth European direct lending fund
Los Angeles based Ares Capital Management has launched its fourth European direct lending fund, Ares Capital Europe IV, with a €4.5 billion target size, SEC filings show

Fulcrum launches new multi-strat fund with daily liquidity
Fulcrum Asset Management has launched TM Fulcrum Diversified Liquid Alternatives Fund, which will invest across real assets, alternative credit and diversifiers

Oaktree's multi-strategy credit platform reaches $2.9 billion
Los Angeles based Oaktree Capital Management's multi-strategy credit platform – which includes Oaktree Global Credit Fund – has hit $2.89 billion as at 31 March 2018  

US pension fund backs ICG's global mid market offerings
London-based Intermediate Capital Group has won further commitments from US pension funds for middle market credit investing

Oaktree raises at least $2.1 billion for second real estate debt fund
Los-Angeles Oaktree Capital Management has beaten its original $1.75 billion target size for Oaktree Real Estate Debt Fund II, US SEC filings reveal

Pictet launches Asian corporate bond fund
Geneva-headquartered Pictet Asset Management has launched a Ucits-compliant Asian corporate bonds fund

Tikehau raises over €200 million for French loan fund
Paris-based Tikehau has launched its latest Novo fund, which is endorsed by the French Insurance Federation

Capitala goes perma-cap route as it raises $1 billion for direct lending
Charlotte-based Capitala Group has successfully raised $1 billion for its latest private debt venture - Capitala Specialty Lending Corp

New Hampshire pension agrees $50 million investment in direct lending
New Hampshire Retirement System (NHRS) has committed $50 million to a Chicago-based direct lender

Fundraising proves to be fruitful experience as manager's fund hits $540 million
New York-based Old Orchard Capital Management has raised $540.97 million for its Old Orchard Credit Fund - an increase of around $190 million in just under a year,

New York pension commits €200 million to ICG across two mid market funds
ICG has won a €200 million golden ticket for two of its mid market funds: ICG North American Private Debt Fund II and ICG Europe Fund VII

Connecticut pension fund looks to commit $65 million to real estate debt
Connecticut Retirement Plans and Trust Funds (CRPTF) is looking to invest $65 million to opportunistic real estate debt, according to 13 April board documents.

Selwood launches $300 million credit fund on Deutsche platform
Deutsche Bank’s liquid alternative platform and credit specialist Selwood Asset Management have teamed up to launch a Market Neutral Credit Ucits strategy, the firms announced.

Zencap looks to raise €200 million for its third infra debt fund
French alternative investment boutique Zencap Asset Management is launching its third senior infra debt fund with a €200 million first close target, the firm announced on Friday.

Manager raises €300 million for agriculture-focused credit fund
Paris-headquartered fund manager Céréa Partenaire has held a €300 million first close for its second debt fund, less than seven months after fundraising began

Octopus inks £230 million real estate debt fund
UK specialist property lender Octopus Property has held a final close for its second real estate debt fund at its £230 million hard cap

New York pension fund allocates $400 million to two private debt funds
New York State Common Retirement Fund has awarded $400 million to two private debt managers: GSO and Vista Equity Partners, Creditflux has learned

Amundi begins marketing European loan fund
Paris-headquartered Amundi has launched a loan fund targeting LBO-related opportunities

Former BlueBay team raise €280 million for debut credit fund
Dublin-headquartered DunPort Capital Management has announced a close for its credit fund, Elm Corporate Credit fund, with €280 million capital commitments

GoldenTree, KKR and StepStone earn sub-advisor roles for new interval fund
FS Investments is launching a multi-strategy interval fund and has chosen GoldenTree Asset Management, KKR Credit and StepStone Group to act as sub-advisors

Maine pension fund commits $50 million to Asian real estate debt
Maine Public Employees Retirement System has made a $50 million commitment to Baring Private Equity Asia, a spokesperson for the pension fund confirmed

Boston firm raises $75 million for latest private credit fund
$18 billion manager follows up 2015 fund that now has $352 million in assets

Market's newest ESG bond fund targets Australian and New Zealand investors
Less than two years after launching an equity version, Dimensional has unveiled a sustainable bond fund for investors in Australia and New Zealand

German firm holds first close of direct lending fund at €300 million
Frankfurt-based Rantum Capital has launched a second subordinated loan fund, a direct lending strategy called Rantum Private Debt Fund II