GSO goes in-house for its latest credit interval fund
GSO is planning a novel onshore fund to invest in loans and CLOs, according to a prospectus recently filed with the SEC

Abraaj steps up fundraising for new $500 million global credit fund
The International Finance Corporation is looking to make a $20 million allocation to a new credit fund being launched by Abraaj Group

Southern US public pension fund bumps up allocation to distressed credit
Redwood Capital gains $200 million for distressed credit as $42 billion pension fund steps up allocation to stressed and opportunistic credit

Bain adds almost €1 billion of Iberian non-performing loans to its AUM
Bain Capital Credit has announced that it has bought its first portfolio of non-performing loans in Portugal as well as making its ninth such acquisition from a Spanish bank

BlackRock raises UK fund with large private credit allocation
BlackRock has announced the first close of an alternatives fund with a large allocation to private credit

Michigan pension goes back for more of manager's direct lending fund
The State of Michigan Retirement Systems made a secondary purchase of a US direct lending fund

Crestline targets low-teen returns for direct lending follow-up
Texas-based alternatives manager Crestline Investors has begun marketing its second mid market fund, according to documents seen by Creditflux

Cerberus outlines CLO-based mid-market financing strategy
Cerberus claims not to be a CLO manager (not in the traditional sense anyway), but the firm is targeting two more mid-market CLOs this year

Private credit manager eyes merger amid tough fundraising conditions
A direct lender operating a in one of the sparsely-populated parts of the market is open to a strategic partnership with a fund manager after scrapping a fund launch 

HIG raises new fund as head reveals secret sauce in direct loan origination
HIG WhiteHorse has announced that it has closed its debut direct lending fund, the HIG WhiteHorse Direct Lending Fund, after making a big push into the strategy last year

Pemberton to take flexible approach with new direct lending strategy
Direct lender Pemberton will have the ability to provide junior financing to performing companies as part of a new initiative

Hayfin raises €2.2 billion for special opportunities strategy
Hayfin Capital Management yesterday announced that it has completed fundraising for its new special opportunities strategy

CVC Credit raises $600 million for global CLO risk retention programme
CVC Credit Partners has announced the final close of its $600 million CLO risk retention vehicle, CVC Credit Partners Global CLO Management. 

Up-and-coming distressed debt manager plans its second fund
A west coast manager led by a group of former Barclays officials is launching its second global distressed debt fund

ECM to run new €100 million investment grade credit fund
Wells Fargo Asset Management says that it has raised a new investment grade credit fund which will be managed by its ECM Asset Management unit

Permira holds final close on direct lending fund after attracting new investors
Over half the investors in Permira's new direct lending fund are new relationships with manager revealing that PCS 3 has reached €2.1 billion including leverage

Credit manager HPS pulls in capital for new loan fund
HPS Investment Partners, the former Highbridge Capital Management, has begun to raise a new loan fund

GoldenTree squares up for huge credit interval fund launch
GoldenTree Asset Management has partnered with a retail distribution giant on the latest example of a credit interval fund, according to SEC filings

Fund of fund manager allocates to Rose Grove Capital credit funds
One of the most active fund-of-fund managers in credit has recently invested with Rose Grove Capital, according to regulatory filings

THL closes third direct lending fund at $511 million
THL Credit has announced that it has closed its third direct lending fund, after bringing in $511 million of capital commitments

Onex raises capital for new direct lending strategy
Onex Credit is making rapid progress in raising its inaugural direct lending fund, after hiring Goldman Sachs's Walt Jackson to set up this business in 2016

Alcentra teams with Steadfast for $3 billion global mid-market strategy
Steadfast Capital Markets Group and Alcentra have announced the launch of a new credit fund, which will lend to companies in the US and western Europe

Partners Group tops €1 billion for new multi-asset credit programme
Partners Group says that it has raised €1 billion for what it describes as a multi-asset credit programme

Texas pension fund stocks up on direct lending with $675 million allocation
A US pension fund is clearly a big fan of direct lending strategies having hired two managers. It has now committed $1.2 billion to direct lenders this year

Permira nears final close on new direct lending fund
London’s Permira Debt Managers is edging closer to a final close on its latest direct lending fund, according to an article by Unquote