Silver Point raises $2 billion for direct lending
Silver Point Capital has raised $2 billion through its direct lending business for Silver Point Specialty Credit Fund II. The firm says this is its hard cap and that $1 billion was its target

King Street raises $1.2 billion for first global credit drawdown fund
The fund will target distressed and stressed corporate debt, structured products, and asset-backed investments, as well as claims and claim-related opportunities

Arena holds $215 million first close on special situations fund
Arena's special opportunities partners funds invest in special-situations, asset-backed, credit-oriented investments

Credit funds at a glance (July 2021)
A round up of fundraising and people moves in credit

Credit fundraising: managers take care of infrastructure with new partnerships
Credit managers were busy launching new partnerships to support growth in infrastructure and CLOs. There were 13 announcements in the month paving the way for upcoming funds, platforms, and joint ventures

Cross Ocean targets up to $1 billion for European special situations fund
Cross Ocean Partners is seeking up to $1 billion for its latest European special situations fund

CarVal exceeds target with $3.6 billion distressed credit fund
CarVal will invest in distressed credit including acquiring loan portfolios, investing in corporate securities, structured credit and hard assets

Credit fundraising: Audax scores big in lighter month
Fundraising markedly dropped in May, but credit funds still amassed $12.8 billion and 10 credit funds reached final closes across a variety of different strategies

Credit funds at a glance (June 2021)
A round up of fundraising and people moves in credit

LP round up: $3.2 billion flows to 21 managers as private credit illiquidity premium holds firm
Investors allocated at least $3.2 billion to credit managers in April - and direct lending funds were in favour with Churchill and Ares being awarded two mandates

Credit funds at a glance (May 2021)
A round up of fundraising and people moves in credit 

Credit fundraising: three massive European direct lending funds notch up €17.6 bn
Fundraising figures continued upwards in April as just over $24 billion was raised for credit funds, alongside $3.2 worth of allocations to credit managers. Nine funds held final closes including the largest European direct lending fund raised to date

Apollo establishes $1 billion credit secondaries platform
Apollo says it formed the platform to capitalise on the explosive growth of private credit, as well as addressing related liquidity or portfolio needs from underlying investors

Lord Abbett prepares special situations interval fund
Lord Abbett is preparing to launch a new special situations fund in the form of an interval fund

Credit fundraising: Goldman Sachs direct lending fund takes March figures to $23 bn
Credit funds sprung forward in March as $23 billion was raised alongside $2.6 billion worth of allocations to credit managers. 

LP round-up: $2.6 billion flows into 26 credit managers
A stuck ship in the Suez Canal may have prevented others from getting through one of the world's busiest waterways in March, but allocations to credit funds were much more free flowing as investors poured over $2.6 billion into the hands of credit managers

DE Shaw amasses $1 billion for stressed and distressed assets
The fund will invest in stressed and distressed assets, financings, and special situations opportunities

HIG Bayside closes $1.4 billion US distressed debt and special sits fund
HIG Bayside Capital, the distressed debt and special situation arm of HIG Capital, has held a $1.4 billion final close on its HIG Bayside Loan Opportunity Fund VI

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

Credit fundraising: ESG centre stage as capital pours into new strategies
Sustainability was the watchword for fundraising in February, amid a flurry of fund launches as well as first closes for impact funds and sustainable bond funds

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

AlbaCore adds distressed hire among raft of new arrivals
AlbaCore Capital Group has added four hires to its investment team in recent weeks, taking its total headcount to 46

Apollo holds $2.34 billion final close on latest credit dislocation fund
Apollo Global Management has held a $2.34 billion final close on its latest flagship dislocated credit fund, Apollo Accord Fund IV

Bardin Hill closes opportunistic credit fund with $600 million in commitments
Bardin Hill Investment Partners has closed a commingled fund, Bardin Hill Opportunistic Credit Fund, as well as a sidecar strategy, with around $600 million of commitments

Senior Pimco distressed portfolio manager joins ICG
Intermediate Capital Group says that it has hired a senior Pimco official as managing director and co-head of special situations in London