Mediobanca's private markets division raises $120 million for third fund
Mediobanca’s private banking division and Russell Investments have held a $120 million final close on a third private markets fund

Aegon targets ABS for new fund
Aegon Asset Management says it has launched a global ABS fund with a return target of Euribor plus 500 basis points

LP round up: $5 billion flows to credit as private market allocations increase
Global institutional investors allocated nearly $5 billion to credit funds this week, according to documents seen by Creditflux

Barings and PGIM win loan and structured credit mandates as pension puts £2.7bn in credit
The firms will manage global syndicated loans, securitised credit, emerging market debt and global high yield credit for Border to Coast Pension Partnership's £2.7 billion ($3.43 billion) multi-asset credit fund 

Arrow hits €1.5 billion third close on inaugural European NPL fund
Arrow Global Group has held a third close on its inaugural pan-European nonperforming loan fund

Blackstone raises $8 billion for 'largest real estate debt fund ever'
Blackstone is flush with cash to deploy into commercial real estate properties after finalising fundraising on its latest real estate debt fund, Blackstone Real Estate Debt Strategies IV

Barings inks partnership with Mubadala for European mid-market platform
Barings has teamed up with Abu Dhabi state fund Mubadala Investment Company to launch a new European middle market origination platform named Barings Mubadala Enterprise

Ares pulls in at least €6 billion for European direct lending
Ares Management is well on track for raising its largest European direct lending fund

Pantheon collects $800 million for private credit strategy
The $50.7 billion manager has raised $800 million for a private debt fund, according to US regulatory filings

Pimco appoints Sculptor veteran as head of private credit in Europe
Pimco has hired an experienced figure in the European credit markets as it seeks to grow its special situations business

LP round up: private credit drive gains momentum as Calpers backs Pimco
Private credit continues to be viewed as an attractive investment strategy for institutional investors, with four global allocators outlining new buckets, or increases to the asset class

Tikehau to launch private debt secondaries and impact fund before year-end
Tikehau Capital is close to launching an inaugural private debt secondaries fund and a debut impact fund, with the Paris-headquartered firm outlining plans in its first half 2020 results to unveil both vehicles in the second half of the year

Equita's second Italian private debt fund reaches €100 million first close
Italy’s Equita Capital has reached halfway to its target size on its second Italian private debt fund, after holding a €100 million first close on the vehicle

Pictet launches unconstrained global credit fund
Pictet Asset Management has launched a new global credit Ucits fund, Pictet-Strategic Credit fund

Palm Lane launches credit relative value fund with $200 million after PM hires
Palm Lane Capital has raised about $200 million for a global credit relative value hedge fund, which went live on 1 September

Credit funds at a glance (September 2020)
A round-up of fundraising and people moves

Muzinich reaches €210 million first close for lower mid-market credit fund
Muzinich & Co has held a €210 million first close on a second lower middle market, pan-European private debt fund, Muzinich Pan-European II Private Debt Fund

Brunswick launches third real estate debt fund with Folksam and KLP backing
Brunswick Real Estate has launched a third senior commercial real estate debt fund Brunswick Real Estate Capital III

Credit fundraising: distressed keeps in favour but CLO ETFs emerge
Five months into global lockdown and distressed debt funds are still proving popular, but several managers have found success pitching other types of credit strategies

GSO prepares inaugural non-traded BDC
GSO Capital Partners, the credit-focused business of the Blackstone Group, is preparing to launch an inaugural non-traded business development company named Blackstone Private Credit Fund

Capital Four holds first close on senior European direct lending fund
Capital Four has held a first close on its European direct lending fund, Private Debt III 

LP round up: Connecticut eyes Fortress for private credit partnership
Investors placed $3.3 billion across 26 credit mandates over the past fortnight, according to documents seen by Creditflux 

Sixth Street nears $12 billion for flexible global credit fund
Sixth Street collected $8.5 billion for its fifth TSSP Adjacent Opportunities Partners fund, TAO 5.0, by the end of July, with the fund nearing its $12 billion hard cap

Nordic boutique launches debut green corporate bond fund
Nordic boutique Evli Fund Management has launched an inaugural fund focusing on green corporate bonds, which the Helsinki-headquartered manager says is in response to growing investor demand for allocation to green bonds

European direct lending fundraising dropped 77% YoY in Q2
European direct lending fundraising figures plunged in Q2 2020, as the effects of the covid-19 pandemic were felt across the globe