US CLO fund wins $16 million from San Jose pension
The $5 billion pension awarded the allocation to a manager's fourth US CLO fund, having previously allocated to its second and third fund 

AlbaCore launches carbon conscious investing credit strategy
The firm claims it is the "first European private market solution to provide line-by-line greenhouse gas reporting for a corporate credit portfolio"

State Street and Blackstone target US CLOs, high yield and senior loans for ETF
State Street Global Advisors has teamed up with Blackstone Credit to launch a new exchange traded fund named SPDR Blackstone High Income ETF

Crescent raises $6 billion for US direct lending strategy
Crescent Capital Group has closed its third US direct lending fund, Crescent Direct Lending Fund III, with $6 billion of investable capital 

PGIM raises $2.4 billion for inaugural direct lending fund
PGIM Private Capital held a final close on its inaugural direct lending fund, PGIM Senior Loan Opportunities I

LP round up: two CLO funds win support as Cali pensions home in on private credit
Two investors revealed allocations to European and US CLO funds, private credit allocations increases and private credit consultant searches get underway

Infrastructure manager targets €1 billion for eclectic mix of project finance debt and SRTs
A Copenhagen-based firm is launching its first credit fund and has partnered with an SRT specialist in London for a component of its potential €1 billion offering  

Coller closes $1.4 billion private credit secondaries fund
Coller has nearly doubled the target size of its inaugural private credit secondaries fund, Coller Credit Opportunities I

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

Oaktree closes $3 billion real estate debt fund with 55% deployment
Oaktree Capital Management held a roughly $3 billion final close on its third global real estate debt strategy, Real Estate Debt Fund III

Post Road stamps final close on $300 million opportunistic credit fund
Post Road Group has held a final close on its latest middle-market corporate , Post Road Special Opportunity Fund II, at ‘more than $300 million’

Castlelake climbs to $1.6 billion final close on fourth aviation fund
The Minneapolis-based firm says it has deployed just over half of the $1.6 billion fund, which invests in “high quality, younger mid-life aircraft and related aviation assets”

Robeco adds Asia fixed income head and builds team ahead of strategy launch
Robeco has made a senior hire with a focus on credit and sustainability as it moves staff from Rotterdam in preparation to launch a new fixed income strategy

Two CLO funds launch following at least 20 in 2021
Two US credit managers have kicked off the year by launching funds geared towards investing in CLO tranches

HPS reveals private credit-focused non-traded BDC
HPS Investment Partners has become the latest manager to launch a public, non-traded business development company

Blackstone secures $8.75 billion for lending fund
Blackstone Credit has collected $8.75 billion on the final close of its latest credit opportunities fund, Blackstone Capital Opportunities Fund IV, above its $7.5 billion target

Apollo launches $1 billion non-traded private credit BDC targeting individuals
Apollo has launched its first non-traded business development company, Apollo Debt Solutions BDC, with ‘more than $1 billion’ assets under management

Crestline raises $1 billion for second portfolio financing fund
Crestline Investors has held a $1 billion final close on its second portfolio financing fund, Portfolio Financing Fund II

US pensions assign $1.5 billion to 16 credit managers in December
US public pensions rounded off 2021 by gifting credit managers around $1.5 billion in commitments, according to documents seen by Creditflux

Tikehau raises nearly €2 billion for direct lending amid record-breaking quarterly fundraising
Tikehau Capital has collected nearly €2 billion for Tikehau Direct Lending V, plus a further €275 million for its secondary private debt strategy 

Pennsylvania pension reveals $500 million in commitments to three private credit funds
Pennsylvania Public School Employees' Retirement has revealed three private credit commitments as part of $1.1 billion in allocations to its alternatives bucket

BC closes $1.2 billion second special opportunities fund 12 months’ incubation
BCP Special Opportunities Fund II has collected $1.2 billion in capital commitments - but a year later than it originally earmarked a final close

Hayfin raises 'more than €2 billion' for special opportunities strategy
Hayfin Capital Management has held a ‘more than €2 billion’ final close on its third special opportunities private credit fund, Hayfin Special Opportunities Fund III

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

Credit Fundraising: mega funds contribute to record-breaking month as volume hits $39bn
The sheer size of the funds raised in November more than compensated for a drop in the number of funds raised as fundraising volume in credit reached $38.9 billion. This beat September by $2.4 billion to make it the most productive month of credit fundraising in 2021