Oaktree partners with Spire Capital for new special situations fund

Spire Oaktree Special Opportunities Fund will target Australian wholesale investors

Illinois Municipal Retirement Fund sinks hundreds of millions into credit funds

The Illinois Municipal Retirement Fund has invested more than half a billion dollars into several credit and direct lending funds

Brazilian distressed fund gains investor attention internationally
International investors continue to take note as Brazil's Jive Investments raises roughly half a billion dollars for fourth vintage of distressed and special situations fund. 

Global investment firm closes fund with $3 billion in capital commitments

Global investment firm closes fund with $3 billion in capital commitments, focusing on opportunistic investing. 

LP round up: HPS wins $550m mandate as Ares launches third US direct lending fund
US institutional investors allocated nearly $3 billion to credit funds in April. The news comes amid a BlackRock survey in the month which showed significant investor interest in private credit

Diameter closes second dislocation fund at $2.2 billion hard cap
Diameter Capital Partners has closed its second dislocation fund with $2.2 billion commitments

Credit funds at a glance (April 2023)
A round up of people moves and fundraising

Ironshield prepares for distressed opportunities with closed-end fund launch
Ironshield Capital has unveiled a closed-end fund which invests in private credit and illiquid public credit.

Angelo Gordon wraps up fundraising for $1.3 billion credit dislocation fund
AG CSF2A (Annex) Dislocation Fund is an extension of the AG Credit Solutions Fund II, which held a $3.1 billion final close in April last year.

Credit funds at a glance (February 2023)
A round up of people moves and fundraising

BC Credit targets $1.25 billion for third opportunistic credit fund
BC Partners Credit plans to deploy half the fund in private lending and structured equity opportunities and the other half in specialty lending and dislocated liquid credit deals

Carlyle targets $6.5 billion for credit opps fund
Carlyle Group is targeting $6.5 billion for its third opportunistic credit fund, according to a pitchbook seen by Creditflux

Credit funds at a glance (December 2023)
A round up of fundraising and people moves in credit

Brookfield/Oaktree targets "larger" than $16 billion for next opportunistic credit fund
Brookfield Asset Management held a $2.8 billion first close on its third infrastructure debt fund and has started fundraising for its next vintage of our opportunistic credit flagship fund, alongside affiliate Oaktree, according to the firm's Q3 earnings call

Castlelake secures $782 million for credit fund
Castlelake Income Opportunities II will invest in areas including European commercial real estate, transitional bridge lending in North America, specialty finance and secured aviation related lending

LP round up: two managers terminated as 20 win $2.5 billion
US institutional investors allocated over $2.5 billion to 20 credit managers in October, according to documents seen by Creditflux. Two credit fund managers however were terminated in the month

Credit funds at a glance (November 2022)
A round up of fundraising and people moves in credit

Pimco targets up to $5 billion for flexible credit fund
The fund will invest across capital solutions, distressed and stressed opportunities, and idiosyncratic positions

Sona rolls out event-driven and bespoke financing fund to US investors
Sona Asset Management is courting investors in the US for its second capital solutions strategy, having filed an offering of the fund with the Securities & Exchange Commission

Fidelity Investments eyes CLOs as part of multi-strategy credit fund
Fidelity Investments is preparing to launch a new multi-strategy credit fund, which will “opportunistically rotate across the entire credit spectrum”

Credit funds at a glance (October 2022)
A round up of fundraising and people moves in credit
 

   

Franklin Templeton and Benefit Street launch credit interval fund
The pair have launched a multi-strategy credit interval fund named Franklin BSP Private Credit Fund, which will invest across US private credit

LP round up: $2.7bn flows to 20 credit managers as investors battle PE overallocation
Investors faced huge headwinds in September with inflation, rising interest rates, and geopolitical turmoil, alongside the UK gilts sell-off at month end

GoldenTree hits $3bn hard cap on distressed debt fund
GoldenTree Asset Management says it has closed its latest distressed debt fund, Distressed Fund IV, at its $3 billion hard cap

Nomura readies multi-strat credit interval fund launch
Nomura Private Capital is readying the launch of a new, closed-ended interval fund which will invest across the credit spectrum - including bonds, loans, CLOs, distressed debt emerging market debt