US pension backs Hong Kong-based credit fund manager
The San Francisco Employees’ Retirement System has approved a commitment of $200 million to Arkkan Opportunities Feeder Fund II

Louisiana pension allocates $150 million to US credit funds
The Teachers' Retirement System of Louisiana has committed to Torchlight Debt Opportunity Fund VI and Summit Partners Credit III, a spokesperson for the pension fund has confirmed  

Managers look east as Asian credit fundraising takes off
Several asset managers have outlined plans for growth in Asia as one of their foremost priorities this year.

Pemberton closes strategic credit opportunity strategy at €1 billion
Pemberton has closed its first fund dedicated to strategic credit opportunities today

Tribeca launches Asian credit fund with new hire
The Australian manager has recieved $50 million from a family office

Investors plant GoldenTree distressed debt fund with $1.7 billion
GoldenTree Asset Management has closed its third distressed fund with $1.7 billion of capital

California pension approves $20 million for open-ended private debt fund
The commitment comes two months after Santa Barbara County Employees’ Retirement System mandated $25 million to a THL Credit 

Clearlake casts $1 billion net for second opportunistic fund
The Santa Monica based firm has upped the target size for its opportunistic credit, distressed and structured equity fund  

Owl Creek turns heads to special situations with new fund
The firm joins several other distressed investors preparing to take advantage of a potential downturn

Pennsylvania pension commits $150 million to European credit funds
Pennsylvania State Employees’ Retirement System approved $975 million of investments at its 24 April meeting

Jefferies subsidiary and Stonyrock plan mid-market alternative manager stake acquisitions
The new joint venture will invest in private equity, credit, hedge funds, real estate, venture, and infrastructure firms

NNIP and FMO gain $250 million for emerging markets loan fund
The pair are aiming for a $750 million second close later this year

Maryland pension carves out private debt bucket
The Baltimore pension fund has also mandated a total of $25 million to one direct lending fund and one distressed debt fund 

Neuberger Berman holds $1.7 billion final close for private credit fund
The strategy more than doubles fundraising for its predecessor fund NB Private Debt Fund II, which closed in October 2017 with $750 million

Texas pension awards $75 million to CLO fund
The new commitment will sit in its strategic credit opportunities bucket

Cerberus garners $5.1 billion for debut dedicated NPL strategy
Cerberus has created its first dedicated fund for non-performing loans, having previously invested in the strategy through multi-strategy funds and separately managed accounts

EIB awards €100 million to support German and Dutch SME lending
Marketplace lender Funding Circle has received backing from the European Investment Bank, which will provide the institution with €100 million to support German and Dutch small businesses

PE firm Veritas turns towards credit opportunities
Veritas Capital Management is yet another manager looking to augment its investment offerings and – like several other private equity houses – the firm has turned towards credit

Madison closes real estate debt fund above $1 billion target size
The New York-based manager now has over $4.5 billion of capital to deploy

Crescent targets $1 billion for US unitranche fund
Crescent Capital has held a first close for its Crescent Private Credit Partners Unitranche Fund

Northleaf raises over $500 million for open-ended private credit fund
Structured as an evergreen fund, Northleaf states that the strategy will “enhance liquidity options compared to traditional private credit fund structures”

Ninepoint teams up with US direct lender for fund launch
The move comes after the Canadian asset manager launched a new trade finance fund earlier this week

Carmignac adds global credit Ucits strategy to its range
The fund will be co-managed by Carignac’s head of credit Pierre Verlé and fixed income fund manager Alexandre Deneuville

China-focused private credit fund gains $626 million
Dignari Capital Partners has held a $626 million final close for its second private credit fund

Shenkman targets $500 million for opportunistic credit fund
Shenkman’s opportunistic fund will aim to take advantage of the volatility in the market