ICG hires two for its European real estate debt platform
Intermediate Capital Group has hired two managing directors to its European real estate debt platform, according to an announcement today

Värde targets $1 billion for inaugural dedicated credit dislocation fund
Värde is seeking to raise $1 billion for its dislocation and distressed debt fund, according to an investor presentation seen by Creditflux. The firm is targeting a first close this month

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

Slate to deploy $500 million in Canadian real estate and hires managing director
Toronto-based real estate investment manager Slate Asset Management is set to deploy $500 million investments targeting coronavirus-impacted businesses in the Canadian real estate industry, and has announced a managing director hire from Brookfield Financial

EnTrust aims to onboard $1 billion for maritime direct lending fund by June
EnTrust Global is targeting $1 billion for a maritime direct lending fund, Blue Ocean Onshore Fund, and anticipates a final close in June

Alantra holds €30 million first close on Spanish real estate debt fund
Madrid-based Alantra anticipates a €100 million final close by the end of the year

Iowa pension allocates $50 million to two private credit managers
Municipal Fire and Police Retirement System of Iowa has funded a commitment to credit after cutting infrastructure allocation by 2% 

OFS and CIM team up for fund geared towards loans, CLOs and real assets
Credit-related investments in the new interval fund will include floating and fixed rate loans, broadly syndicated senior secured corporate loans, CLO debt and equity tranches and opportunistic credit 

KKR deploys 10% of $2 billion coronavirus dislocation credit fund
KKR Credit has plans to launch a $2 billion dislocated corporate and asset backed credit fund to take advantage of coronavirus-induced volatility. And the New York-based manager has wasted no time swooping on opportunities after deploying $212 million by 9 April

Aero lands $414 million final close on aircraft leasing fund
Aero Capital Solutions has collected $414 million for its second mid-life aircraft leasing fund, holding a final close for the fund on 6 March

San Francisco pension earmarks $200 million for mortgage fund
San Francisco City and County Employees’ Retirement System (SFERS) has committed $200 million to a credit fund managed by Cerberus Capital Management  

Mercer puts private debt at heart of $2.7 billion fund of fund
Mercer has held a final close at $2.7 billion for a private markets fund that offers investors access to private debt and sustainable products  

Whitehelm holds €500 million first close on infrastructure debt strategy
Whitehelm Capital has held a €500 million first close on its infrastructure debt strategy, according to an announcement. Creditflux's sister publication Inframation reports that this is split between Whitehelm Capital Infrastructure Debt Partners I and managed accounts

Pimco launches listed multi-sector global credit fund
Known as Pimco Tactical Income Fund, the fund will invest in a range of global credit strategies and will list on the New York Stock Exchange

Napier Park beats 47 managers to win pension's lucrative credit mandate
Napier Park Global Capital has emerged as the winner for a $500 million illiquid credit mandate for Los Angeles County Employees Association, after the pension recieved 48 responses to its original request for proposal 

Private debt takes centre stage as Arizona looks to bolster credit allocation to 25%
Arizona State Retirement System remains bullish on credit with the $41.9 billion institution looking to bolster its entire credit allocations to almost a quarter of the fund - and private debt will take centre stage in the Arizona pension’s growth plans

UK pension partnership launches maiden private credit offering at £581 million
Border to Coast Pensions Partnership (BCPP) is set to commit £581 million in private credit, as part of its maiden offering in this asset class  

Italian private bank partners with Tikehau for private asset fund with ESG focus
Italian private bank Fideuram Investimenti has launched a private markets fund that gives investors access to private debt, among other asset classes  

AMP hits $4 billion hard cap on fourth infrastructure debt fund
Backed by 86 investors, the AMP fund was popular with Korean institutions, which comprised 30% of the base

Texas pension awards $150 million to real estate debt fund
Texas County and District Retirement System has awarded $150 million for a global real estate debt fund managed by Blackstone

UK pension hires BNP Paribas AM for starring role in core-satellite private credit fund
UK pension fund Nest has appointed BNP Paribas Asset Management to run the core of a private credit fund, sources say, in an arrangement which sees Amundi and BlackRock manage certain satellite investments  

Walton amasses $1.3 billion for second real estate debt fund
The fundraising doubles that of Walton's inaugural debt fund, Walton Street Real Estate Debt Fund I, which closed at $654 million

Bridge builds $1.5 billion US real estate debt fund
The fund has recieved a $25 million commitment from Ventura County Employees’ Retirement Association as part of its private credit pacing plan

Kayne Anderson targets direct lending and liquid credit mix for new fund
Kayne Anderson is looking to launch a closed-ended fund focused on direct lending, liquid credit and energy and infrastructure equity investments

Principal Real Estate targets $1 billion for real estate debt fund
Its predecessor strategy launched in 2016 with a $875 million target size