Neuberger Berman seeks investors for fourth private debt fund
Neuberger Berman is fundraising for a fourth private debt fund, a little over 18 months since it closed the previous offering

UK pension pool takes management in-house for £1.5 billion index-linked bond fund
The UK’s Border to Coast Pensions Partnership has launched a £1.5 billion sterling index linked bond fund

Real estate debt firm gets over SEC settlement with $180 million fund raise
A Miami-based real estate debt specialist has raised $180 million for a credit fund that appears to have a flexible investment mandate

Värde closes $1.6 billion dislocation fund
Värde Dislocation Fund, has a flexible, global mandate to invest in mispriced, stressed and distressed credit, focusing on short- to medium-term credit opportunities

Puerto Rico-based direct lender seeks $200 million for new fund
Parliament Credit Opportunities Fund II will invest in senior financings to small and medium sized businesses across Puerto Rico and key Hispanic markets in the US

VSS holds first close on $400 million non-sponsored junior capital fund
VSS Structured Capital Fund IV will invest in non-control, non-sponsored, junior capital investments in US lower middle market companies

Corbel targets distressed and special situations with lower mid-market fund
Corbel Distressed & Special Opportunities Fund will focus on non-control turnaround and special situations in US lower middle market companies 

Bridge builds $1.5 billion real estate debt fund
Bridge Investment Group is targeting $1.5 billion for its fourth dedicated commingled closed-end US real estate debt fund

Colorado pension allocates $70 million to CLO debt strategy
Colorado Fire & Police Pension Association approved a $70 million commitment to a CLO debt strategy at its 5 November board meeting

LP round up: $2.8 billion flows to credit as Apollo concedes fundraising may slow
Florida Retirement System Trust Fund made the largest commitments allocating $1.6 billion. Apollo meanwhile acknowledged a potential slowdown in fundraising as investors await results on an independent review into CEO Leon Black's relationship with Jeffrey Epstein

Paris-based manager adds IG CLO tranches to the mix with new fund
A European CLO investor has recently launched a CLO Ucits to invest in investment grade CLO debt tranches, adding to its two CLO equity funds and one mezzanine debt fund 

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

Carlyle BDC forms $250 million direct lending JV with Cliffwater
Carlyle’s business development company TCG BDC has formed a $250 million mid-market direct lending joint venture with Cliffwater

Credit fundraising: Dubai manager gets in on the act as direct lending takes off
Shuaa launches credit fund in the Gulf as Ares, Contingency, HPS and Perceptive are among those to close billion-plus funds

Loomis Sayles launches three European bond strategies for new team
Loomis Sayles has launched three European bond strategies, Creditflux has learned. The news comes after the Natixis affiliate announced earlier that it had added an eight-person European credit team from Kempen Capital Management

New York pension allocates $250 million to CLO fund
New York State Common Retirement Fund has allocated $250 million to a CLO-focused vehicle, according to a recently released September transaction report

Pretium strikes $2.5 billion partnership with American Equity Life
Pretium has secured further capital from American Equity Investment Life Insurance Company, taking the insurers' commitment to Pretium up to $1 billion with an agreement to extend this to $2.25 billion, according to the announcemen

BMO caters to Europeans with new US mid market loan fund
BMO Financial Group has launched a US mid-market credit fund for European institutional investors

Stepstone subsidiary raises $35 million private markets fund for high net worth individuals
Conversus has closed an inaugural private markets fund, Conversus StepStone Private Markets, at $35 million

Direct lending green shoots flourish despite fundraising plunge
Despite the headline figures, sources say European direct lending fundraising remains healthy and newcomers have a place to enter

Veritas closes inaugural credit opportunities fund at $400 million
Veritas Capital has held a final close inaugural credit opportunities fund Veritas Capital Credit Opportunities Fund at $400 million

Greystone reaches $1 billion for real estate debt fund after re-opening fundraising
Greystone has collected a further $250 million from investors for its inaugural real estate debt fund, Greystone Senior Debt Opportunity Fund (B) after the firm decided to re-open fundraising

LP round up: EIF backs four debt funds while Carlyle wins $1 billion
Institutional investors have allocated just over $4 billion to 27 credit managers in October board meetings

Window or aisle? Pimco jets off with GE for $3 billion aircraft leasing platform
Pimco has partnered with GE Capital Aviation Services to launch a $3 billion aviation leasing platform, which the pair say will “provide financing to help airlines upgrade their fleets at critical time for the aviation industry”

Edelweiss collects $900 million for Indian private credit fund
Canada’s Ontario Teachers’ Pension Plan Board, Florida’s State Board of Administration, Swedish Pension Fund AP4 and one European insurance investor were among the investors who allocated to the $900 million fund