Apollo plans multi-billion dollar follow up to credit dislocation fund
A few large managers have launched credit dislocation funds, but Apollo could be unique in fundraising for its second since the coronavirus pandemic

CIFC's new HY team takes all-weather approach as it launches Ucits fund
CIFC has launched a long-short high yield Ucits fund, underlining a trend for all-weather strategies that Creditflux highlighted in the August issue of the monthly newsletter

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

New funds move in as tranche trades take off
Synthetic structured credit funds are proving popular with investors amid a spike in index tranche trading

Aon wraps up fundraising for $350 million opportunistic credit fund
The fund will target global investments across public corporate and structured credit, stressed credit and real estate debt

ICG plans €1 billion European special situations recovery fund
Intermediate Capital Group is targeting a €1 billion final close on its second multi-strategy special situations fund, which aims to exploit opportunities in the loan market arising from the coronavirus-induced pandemic

Prime launches global fund of niche credit funds
Prime Capital is preparing a new fund of niche credit funds in a strategy the firm has dubbed Liquid Alternative Credit Fund, and the Frankfurt-based manager will launch the fund with $30 million capital from three seed investors

LP round up: pension creates private credit bucket as Florida eyes 'best distressed opportunity ever'
There was no slowdown in credit allocations last week, wrapping up what has been an extremely busy July. $1.4 billion has been allocated to credit, it has emerged over the last seven days, according to board documentation seen by Creditflux.

Legg Mason teams with affiliate Western for credit fund
Legg Mason has teamed up with its affiliate Western Asset Management to launch a closed-ended fund to invest in a diversified portfolio of fixed income securities, according to fund registration filed by the pair yesterday

Tikehau launches three private debt funds and sells 54% stake in DWS
Tikehau Capital’s private debt group had a busy first half of 2020, with key highlights including three fund launches: its first open-ended private debt fund, a new French direct lending fund and a first close on its fifth flagship European direct lending fund

Janus Henderson launches 'first of its kind' senior CLO ETF
Janus Henderson has become the latest manager to prepare a CLO-focused fund, but the manager has taken a rather unusual approach to its fund structure: an exchange traded fund

LP round up: Oregon eyes $1.8 billion into structured credit
Institutional investors have earmarked over $6 billion to credit funds over the past two weeks

UK pension seeks managers for £1.5 billion multi-asset credit fund
Brunel Pension Partnership is looking for asset managers to oversee a £1.5 billion ($1.9 billion) multi-asset credit fund

Swedish fund nears public listing after big gains on CLO and tranche trades
Stockholm-based Ymer SC is moving forward with plans to list its structured credit fund on the Nordic Growth Market exchange in Sweden

Schroders lands €312 million in first close of infra debt fund
Schroders has held a first close at €312 million for Schroder Euro Enhanced Infrastructure Debt Fund II

Axa IM reaches €1.05 billion for second infra debt fund
Axa Investment Managers’ real assets division has closed its second European infrastructure debt fund, European Infrastructure Senior 2, at €1.05 billion

Capza's hybrid debt equity fund reaches €450 million for first close
Capza has held a €450 million first close on its hybrid debt and equity fund, Capza 5 Flex Equity fund

Whitebox targets $400 million for structured credit fund
Whitebox Advisors is looking to raise $400 million for its latest structured credit fund, Whitebox Advisors Term Credit Fund III, according to market sources

Crestline prepares third speciality lending fund
Crestline Investors is preparing to launch its third speciality credit fund, Crestline Speciality Lending Fund III

Two large managers prepare CLO funds
Another two managers have joined the plethora of firms launching CLO-focused funds of late including CIFC, Capital Four, DFG, Eagle Point, Neuberger Berman, Octagon, and Tetragon

LP round up: managers keep fundraising hopes high as GSO targets $7.5 billion for mezz offering
Institutional investors allocated $1.6 billion into credit this week, according to documents seen by Creditflux

Artemid reaches €400 million first close on third senior debt fund
Artemid, the jointly owned subsidiary of Capza and Amiral Gestion, has held a €400 million first close on their third fund senior debt fund

Permira holds €3.48 billion final close on fourth direct lending fund
Permira Debt Managers has collected €3.48 billion for its fourth direct lending strategy, marking the fund’s final close on 31 March

Golding holds first close for private debt vehicle
Munich-headquartered fund-of-funds manager Golding Capital Partners has held a first close on almost €200 million for its private debt fund Golding Private Debt 2020

Andera collects €500 million for sponsorless mezzanine debt fund
Andera Partners, has held a final close on its sponsorless mezzanine fund, ActoMezz IV, exceeding its hard cap at €500 million