Atalaya hits $1 billion hard cap on private credit fund with 10-13% return target
Atalaya Capital Management has hit its $1 billion hard cap on its private credit speciality finance fund, Asset Income Fund V

Credit funds at a glance (February 2021)
A round-up of fundraising and people moves

Credit fundraising: January proves anything but dry for manager inflows
After a tough and unpredictable year, January may have been seen by many as an opportunity for a fresh start. But for seven managers it meant holding final closes on funds, while three undertook first closes and one a fund launch

LP round up: Dutch pensions put €1.3 billion into infra debt
Institutional investors allocated over $2 billion to credit funds in January. Opportunistic credit funds were a favourite but the biggest moves came in infrastructure debt

PSP and Pretium invest $700 million in US single-family rentals
PSP Investments has entered a joint venture with Pretium Partners to invest $700 million in single-family rentals across the southeastern and southwestern US

Marathon secures $900 million for asset-based lending fund
The New York-based manager will invest in asset-based loans across the healthcare, real estate, equipment and transportation and corporate sectors 

Credit Rendezvous: heading for homes
Fund managers in structured credit, real assets and distressed are bullish on the prospects for residential housing in 2021. Elsewhere, niche royalty-based strategies are in favour and although a CLO repricing wave is expected, it may not be easy to execute resets. For more, read our 13-page quarterly report on credit. 

Fiera targets $500 million for North American infra debt fund
Fiera’s private debt unit has launched its latest North American infrastructure debt strategy targeting $500 million

Credit funds at a glance (January 2021)
A round-up of fundraising and people moves

LP round up: pensions plan private credit pacing as strategic credit takes on "midfield" role
US pensions have allocated $1.4 billion across 22 credit funds including those managed by Angelo Gordon, Ares and GoldenTree, according to recent board documents seen by Creditflux. Meanwhile a pension fund draws parallels between strategic credit and Jordan Henderson

Brookfield holds $2.7 billion final close on second infrastructure debt fund
Brookfield Asset Management has held a $2.7 billion final close on its second infrastructure debt fund, Brookfield Infrastructure Debt Fund II, exceeding its $1.7 billion initial target

400 holds $430 million final close on opportunistic structured credit fund
400 Asset Based Term Fund II will invest across structured credit including special situations, risk-transfers, and liquidity premium opportunities in the primary and secondary markets

GIP raises $2.8 billion for two infrastructure debt funds
Global Infrastructure Partners has held final closes on two of its infrastructure credit funds, GIP Capital Solutions Fund II and GIP Spectrum Fund, each at $1.4 billion

LP round up: Arcmont, Ares and Sixth Street win European direct lending mandates
Investors have allocated around $2 billion to credit funds in recent weeks, according to board documentation seen by Creditflux. Among those to recieve allocations include ADM, Arcmont, Ares, Audax, Bain, Centerbridge, Clearlake, Goldman Sachs merchant banking,  Invesco, Monarch, Oaktree, Raven, Sixth Street and Sound Mark

Credit fundraising: November marks turning point as fund launches spike
November was always set to be an important month as the world awaited the US election outcome and the results of covid-19 vaccine trials. This did nothing to slow down fund managers as 14 funds launched, up from only four funds launching in September and five in October

Real estate debt firm gets over SEC settlement with $180 million fund raise
A Miami-based real estate debt specialist has raised $180 million for a credit fund that appears to have a flexible investment mandate

Bridge builds $1.5 billion real estate debt fund
Bridge Investment Group is targeting $1.5 billion for its fourth dedicated commingled closed-end US real estate debt fund

LP round up: $2.8 billion flows to credit as Apollo concedes fundraising may slow
Florida Retirement System Trust Fund made the largest commitments allocating $1.6 billion. Apollo meanwhile acknowledged a potential slowdown in fundraising as investors await results on an independent review into CEO Leon Black's relationship with Jeffrey Epstein

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

Credit fundraising: Dubai manager gets in on the act as direct lending takes off
Shuaa launches credit fund in the Gulf as Ares, Contingency, HPS and Perceptive are among those to close billion-plus funds

Pretium strikes $2.5 billion partnership with American Equity Life
Pretium has secured further capital from American Equity Investment Life Insurance Company, taking the insurers' commitment to Pretium up to $1 billion with an agreement to extend this to $2.25 billion, according to the announcemen

Greystone reaches $1 billion for real estate debt fund after re-opening fundraising
Greystone has collected a further $250 million from investors for its inaugural real estate debt fund, Greystone Senior Debt Opportunity Fund (B) after the firm decided to re-open fundraising

LP round up: EIF backs four debt funds while Carlyle wins $1 billion
Institutional investors have allocated just over $4 billion to 27 credit managers in October board meetings

Window or aisle? Pimco jets off with GE for $3 billion aircraft leasing platform
Pimco has partnered with GE Capital Aviation Services to launch a $3 billion aviation leasing platform, which the pair say will “provide financing to help airlines upgrade their fleets at critical time for the aviation industry”

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