Alternative asset managers increasingly tapping wealth channel for private credit fundraising
Wealthy individual investors have become increasingly appealing to alternative asset managers looking to raise money for private credit funds as asset managers look to broaden fundraising beyond institutional investors

Ohio pension system allocates USD 50m to levered loan opportunities fund
The Ohio Police & Fire Pension Fund has committed USD 50m to a levered loan fund, the system's third private credit commitment for the plan year

Ares raises AUD 2.6bn for private credit fund focused on Australia and New Zealand
New fund marks the first strategy launched by Ares Asia and the largest pool of capital dedicated to the fast-growing Australian and New Zealand private credit markets.

Ares raises USD 22.4bn for US direct lending in 2023
Ares Management continues to see increased appetite for direct lending. The alternative asset manager's private credit team raised roughly USD 10.1bn in US direct lending commitments in Q4 of 2023

Canadian manager raises CAD 350m for new private credit fund
Canadian money manager Fiera Private Debt raised CAD 350m in the first close of its Fiera Private Debt Fund VII. The private credit strategy focused on senior-secured term debt of middle market Canadian companies.

PineBridge raises USD 1.7bn for third vintage of direct lending fund
PineBridge Investments has raised USD 1.7bn for the third vintage of its private credit fund, exceeding the firm's USD 1bn target

Texas retirement system allocates USD 100m to SRT credit fund
The Texas County & District Retirement System has committed USD 100m to the Chorus Capital Credit Fund V, according to recent investments listed on the Austin, Texas-based pension system's website

Golub secures USD 40m for credit fund from Texas-based pension system
Golub Capital continues to grow its direct lending platform with new commitments, with the New York-headquartered middle-market giant securing a commitment of USD 40m from the pension fund for its GEMS Fund 6

Charlesbank raises USD 1.5bn for third private credit fund
Charlesbank Capital Partners held the final close of its Charlesbank Credit Opportunities Fund III earlier this month with USD 1.5bn raided, exceeding its USD 1.25bn target.

Funds round-up: Jan 2024 - a positive start for the New Year
Asset managers continue to raise funds for private credit in our roundup of notable fundraising in January 2024. 

Benefit Street Partners raises USD 4.7bn for latest flagship direct lending fund
Benefit Street Partners held the final close of its fifth flagship direct lending fund — dubbed BSP Debt Fund V — with USD 4.7bn of investable capital

Ares latest commitment for third direct lending fund comes from Los Angeles pension system
Ares Management continues to grow its Ares Senior Direct Lending Fund III with a new commitment from the Los Angeles Fire & Police Pensions

Arcmont raises EUR 10bn for latest European direct lending fund
Arcmont Asset Management revealed the final close today of its Direct Lending Fund IV and associated vehicles, having raised EUR 10bn, the high end of its target range

New Mexico sovereign fund allocates up to USD 350m to direct lending fund
The New Mexico State Investment Council approved a commitment of up to USD 350m to a senior private credit fund, targeting net returns between 11% and 14% over a three-year investment period

Bain closes fourth middle market credit fund with more than USD 1bn in commitments
Bain Capital held the final close of the Bain Capital Middle Market Credit 2022 fund with more than USD 1bn in commitments, the company revealed on Friday. The commitments to the fund, the fourth vintage of its kind, included parallel funds and certain related vehicles.

Alaskan fund allocates USD 75m to private credit fund
The Alaska Permanent Fund recently disclosed new alternative investment commitments, including USD 75m to a private credit fund. 

KSL closes fourth private credit fund, surpassing USD 1bn target
KSL Capital Partners held the final close for its fourth private credit fund, exceeding its USD 1bn target. The travel and leisure-focused fund, dubbed the KSL Capital Partners Credit Opportunities Fund IV, closed with total commitments of USD 1.26bn.

Connecticut Retirement Plans and Trust Funds commits more than USD 600m to credit manager
Connecticut Retirement Plans and Trust Funds has allocated approximately USD 625m to pension funds in the state's private credit portfolio

San Francisco retirement system puts another USD 100m into private credit
The San Francisco City & County Employees' Retirement System recently disclosed another round of alternative investment commitments, this time totaling USD 365m, including USD 100m for the pension system's private credit portfolio

Wisconsin agency approves USD 55m in commitments for two private debt funds
The Wisconsin Board of Commissioners of Public Lands has approved two new debt commitments, according to recent meeting materials

llinois Municipal Retirement Fund pumps hundreds of million more into private credit
The Illinois Municipal Retirement Fund has approved another round of alternative investment commitments, this time totaling USD 544m, including USD 400m allocated to private credit 

AustralianSuper increases private credit allocation as it seeks to triple exposure to the market
AustralianSuper has increased its investment mandate with private credit specialist Churchill Asset Management to USD 1.5bn, as Australia's largest pension system looks to triple its exposure in the fast-growing international private credit market

Canadian venture capital lender secures USD 150m for tech-focused private credit fund
Vistara raised fresh capital for its strategy of lending between USD 10m and USD 30m to mid-to-later-stage software companies across North America

BNP Paribas launches climate impact infrastructure debt fund
BNP Paribas Asset Management has launched the BNP Paribas Climate Impact Infrastructure Debt fund as interest in impact investing and ESG-related causes continues to grow around the world

San Francisco retirement system makes new private credit investment
The San Francisco City & County Employees' Retirement System continues to pump money into alternative investment funds, having recently made two new commitments totaling USD 130m