Carlyle and Oppenheimer opt for interval fund structure as part of JV
The new private credit fund will invest at least 80% across loans and structured credit (Including CLOs), opportunistic credit, direct lending and liquid credit, SEC filings reveal

CarVal closes fourth distressed credit fund at $3 billion hard cap
Minneapolis-based CarVal Investors has held a final close for its fourth credit value fund – CVI Credit Value Fund IV (CVF IV), hitting its hard cap with $3 billion capital commitments

New York pension fund signs up to new SVP distressed debt fund
New York State Common Retirement Fund has made a $150 million commitment to distressed debt specialist Strategic Value Partners, board documentations reveal 

SVP closes fourth global special situations fund at its $2.85 billion hard cap
Distressed and special situation specialist Strategic Value Partners has held a final close for its fourth special situations fund, hitting its hard cap with $2.85 billion capital commitments

Oaktree's multi-strategy credit platform reaches $2.9 billion
Los Angeles based Oaktree Capital Management's multi-strategy credit platform – which includes Oaktree Global Credit Fund – has hit $2.89 billion as at 31 March 2018  

New York pension fund allocates $400 million to two private debt funds
New York State Common Retirement Fund has awarded $400 million to two private debt managers: GSO and Vista Equity Partners, Creditflux has learned

GoldenTree, KKR and StepStone earn sub-advisor roles for new interval fund
FS Investments is launching a multi-strategy interval fund and has chosen GoldenTree Asset Management, KKR Credit and StepStone Group to act as sub-advisors

GSO raises $7 billion for third stressed/distressed fund
GSO Capital Partners on Thursday announced the final closing of GSO Capital Solutions Fund III at its hard cap of $7 billion

New Mexico investment council approves commitment to Silver Point strategy
Special situations credit firm Silver Point is set to receive $100 million from a US state investment fund for its latest distressed credit stratregy

Distressed credit specialist rakes in $781 million for global debt fund
Balbec Capital's latest global credit fund has a $1 billion target

BlackRock's latest global credit fund rakes in $388 million
BlackRock has raised $388 million for its new Global Credit Opportunities Fund in what appears to be a first close

Manchester pension fund awards Stone Harbor £1 billion multi-credit mandate
A £21 billion UK pension fund has appointed global fixed income specialists Stone Harbor Investment Partners to manage a £1 billion multi-asset credit mandate

Weeks after a $550 million close, Silver Point raises $511 million for distressed debt
Greenwich-based Silver Point Capital has raised more than $511 million for a new distressed debt fund, regulatory filings show

Southpaw weighs in at $3 billion through distressed debt strategy
Distressed debt specialist Southpaw Asset Management has crept over the $3 billion mark for fundraising for its credit opportunities strategy, with the help of $200 million raised over the past 12 months

New Barings vehicle wins $60 million from an Ohio pension fund
SERS has committed $60 million to Barings for its third special situation credit fund, according to documentation seen by Creditflux

Former Cion and Medley pair raise $75 million for new energy credit fund
New York-based Energy Impact Partners (EIP) has raised $75 million from one investor for its Energy Impact Credit Fund, according to a US SEC filing

Minnesota pension fund looks to commit $535 million to 'private credit'
Minnesota State Board of Investments has recommended investments worth $535 million to private credit, according to board documentation seen by Creditflux

Energy PE firm Orion closes second credit opps fund at $816 million
Orion Energy Partners, a private equity firm providing capital solutions to mid-market energy infrastructure businesses, has closed its second credit opportunity fund at $816 million

Texas pension fund commits $100 million to distressed debt fund
Texas County and District Retirement System has committed $100 million to a Connecticut-based fund manager

Lazard announces 2017 earnings and considers C Corporation structure
Bermuda-headquartered Lazard is considering a ‘C Corporation’ structure, under which the corporation would be taxed separately from its owners

Texas pension fund re-ups commitment to opportunistic credit fund
Texas County & District Retirement System has further allocated $50 million to Beach Point Capital Management, according to documents seen by Creditflux

Caryle's debut credit opportunities fund nets more than $1 billion
Carlyle Group has held a first close for its first credit opportunities fund at more than $1 billion, according to media reports – not bad for a vehicle formed last year

Crestline targets up to $500 million for new portfolio financing fund
Credit specialist Crestline Investors is launching a new fund to provide financing solutions to mature private equity funds, according to documents seen by Creditflux

US manager looks to build concentrated portfolio with for $400 million fund
As Sound Point Capital prepares for the launch of its Strategic Capital Fund, the New York debt shop has revealed it has over $200 million soft circled out of a total targeted fundraise of $400 million

Massachusetts pension fund awards $275 million to credit managers
Massachusetts Pension Reserves Investment Management Board (PRIM) has mandated up to $275 million to private credit funds, according to board documents seen by Creditflux