DunPort reaches €255 million first close for UK and Ireland direct lending fund
Ireland Strategic Investment Fund is among the investors backing the UK and Ireland-focused lower mid market direct lending fund 

Credit funds at a glance (September 2021)
A round up of fundraising and people moves in credit

Tikehau wins €350 million mandate to manage Belgian direct lending fund
The €350 million fund will invest in subordinated and convertible loans to Belgian companies hurt by the covid-19 pandemic over the next five years

Credit Fundraising: Blue Owl and WhiteHorse gain from improving animal spirits
Fundraising perked up in July as managers raised $14.9 billion for credit funds - the third highest monthly amount this year

Credit manager beats 25 to win £2.1 billion corporate bond mandate
UK pension pool Brunel Pension Partnership has selected a credit manager to manage its £2.1 billion ($2.9 billion) sterling corporate bond sub-fund

Credit funds at a glance (August 2021)
A round up of fundraising and people moves in credit

Eurazeo closes €1.5 billion European direct lending fund and readies next one
Eurazeo has closed its fifth European direct lending fund, Idinvest Private Debt V, at €1.5 billion

Tikehau retains 68% of investors for second €617 million special opps fund
Tikehau Capital has closed a second special opportunities fund at €617 million - and says 68% of commitments in Fund II were re-ups from investors in Tikehau’s inaugural special opportunities fund

King Street raises $1.2 billion for first global credit drawdown fund
The fund will target distressed and stressed corporate debt, structured products, and asset-backed investments, as well as claims and claim-related opportunities

UK pension allocates £2.1 billion to CQS, Neuberger and Oaktree
Three global credit managers have won a total of £2.1 billion in credit mandates from Brunel Pension Partnership, as part of its newly launched Multi Asset Credit Fund.

Northleaf closes global private credit fund with $1.2 billion deployable capital
Northleaf Capital Partners has raised more than $900 million for its second private credit strategy, Northleaf Private Credit II 

CIC holds final close on mezzanine fund at €450 million
CIC Private Debt has held a final close on its fifth mezzanine fund at €450 million, which it says is €50 million over its initial target

Tikehau launches high yield impact credit fund
Tikehau says it has committed €30 million of initial capital to the fund, through which it aims to transition companies towards a net zero carbon economy

Credit funds at a glance (July 2021)
A round up of fundraising and people moves in credit

Credit fundraising: managers take care of infrastructure with new partnerships
Credit managers were busy launching new partnerships to support growth in infrastructure and CLOs. There were 13 announcements in the month paving the way for upcoming funds, platforms, and joint ventures

MV collects €526 million for second senior direct lending fund
MV Credit has held a final close on its second senior direct lending fund, MV Senior II

Incus targets €500 million for fourth SME credit fund
The Madrid-headquartered firm has launched its fourth asset-backed European credit fund, Incus European Credit Fund IV, with a €500 million target and €650 million hard cap

RiverRock closes €604 million senior direct lending fund
RiverRock has held a final close on RiverRock Senior Loan Fund I at €604 million, with around 50% of the portfolio deployed

Cross Ocean targets up to $1 billion for European special situations fund
Cross Ocean Partners is seeking up to $1 billion for its latest European special situations fund

Marathon targets $300 million for inaugural healthcare credit fund
Marathon Asset Management is targeting $300 million for a credit fund focused solely on healthcare loans

Stepstone wins €215 million private debt mandate from Italian pensions
A consortium of Italian DC pension funds have allocated the capital to a private debt fund of funds under the name Project Zefiro

CarVal exceeds target with $3.6 billion distressed credit fund
CarVal will invest in distressed credit including acquiring loan portfolios, investing in corporate securities, structured credit and hard assets

Banks battle back with their own direct lending fund launches
Through their own direct lending arms, large banks are leveraging their long-standing expertise and offering private debt to reclaim market share. Though small, these hybrid bank funds are certain to grow

Manager targets $450 million for global CLO fund
A New York pension has backed the fund, which will invest in CLO debt and equity tranches and is said to have held a first close in Q1

AlbaCore swims to €1.5 billion first close on European private debt fund
AlbaCore Capital Group has held a first close on its third European direct lending fund, which has a €2 billion target