Portfolio Advisors garners $200 million for third mezzanine credit fund
Portfolio Advisors has begun fundraising for its third mezzanine opportunistic credit fund, PA Direct Credit Opportunities Fund III

Talde launches €100 million debt fund
Talde Private Equity, a Spanish general partner company, has launched Talde Deuda Alternativa, a debt fund with a €100 million target aimed at financing European small and medium sized enterprises

Orchard wraps up fundraising for $2.5 billion structured credit and special opportunities fund
Orchard Global Asset Management has held a $2.5 billion final close for its structured credit and special opportunities fund,

IAM closes senior debt fund at C$843 million
IAM Private Debt Group, the private debt business of Integrated Asset Management Group, has closed its sixth private debt fund at C$843 million ($634 million)

Churchill reaches halfway to $1.5 billion hard cap for loan fund
Churchill Asset Management has raised at least $746.5 million for its second middle market loan fund

Chatham launches second distressed and direct lending fund
The New Jersey-based hedge fund manager has begun fundraising for its second credit fund: Chatham Asset Private Debt & Strategic Capital Fund II

CIFC prepares CLO-focused fund
CIFC Asset Management is in the market with another CLO fund, only eight months after teaming up with New York-based City National Rochdale to launch a CLO-focused credit interval fund

Dignari nears $500 million target size for China credit fund
Dignari Capital Partners is nearing a final close for its second China-focused credit fund, according to 9 January US regulatory filings

BlueBay targets €5 billion for European direct lending strategy
BlueBay Asset Management is targeting €5 billion for its latest European direct lending strategy, according to documents seen by Creditflux, and has won $125 million in commitments from two US pension funds

UBS hits €1 billion final close for second infrastructure debt fund
UBS Asset Management has reached a final close on its second European infrastructure debt fund, Archmore Infrastructure Debt Platform II (IDP II) at €1 billion

Penfund closes sixth junior capital fund at CAD$1.15 billion hard cap
Canadian fund manager Penfund Management has closed its sixth junior capital fund, Penfund Capital Fund VI, at CAD$1.15 billion 

AEA markets successor private debt fund following $1 billion fund close
AEA Investors is marketing its latest private credit strategy, with the firm launching AEA Middle Market Debt Fund IV

Muzinich surpasses target with €706 million pan-European debt fund
Muzinich & Co has held a final close for its Muzinich Pan-European Private Debt Fund at €706.25 million, surpassing its initial €500 million target 

Neuberger Berman nears final close for private credit fund at $1.5 billion
The New York-based manager has raised at least $1.57 billion for its third direct lending fund

Fortress targets $6 billion for latest fund in its flagship credit opportunities series
Fortress Investment Group has raised just over $1.05 billion for its latest opportunistic credit fund

Audax launches $1.65 billion direct lending fund
With leverage, the fund is anticipated to have $2.6 billion capital available 

New Energy increase target size for infrastructure credit fund
New Energy Capital has increased its infrastructure credit fund’s target size by $100 million following strong capital fundraising, US regulatory filings reveal

San Francisco pension assigns $75 million to evergreen private credit fund
A New York-based direct lender has won a $75 million mandate from San Francisco Employees' Retirement System, who are looking to deploy  $4.5 billion and partner with up to 25 private debt managers over the next six years

Ohio pension fund assigns $50 million to distressed debt
Ohio School Employees Retirement System has awarded $50 million to a distressed debt fund managed by GoldenTree Asset Management

New York pension fund allocates €250 million to European credit manager
A $207.4 billion pension fund has awarded the mandate to a multi-strategy credit fund managed by EQT Partners 

First Eagle lands $100 million for first direct lending fund since NewStar purchase
The New York-based manager has raised $100 million for the new vehicle, following the sale of NewStar’s $2.4 billion loan portfolio to Blackstone’s credit arm GSO Capital Partners

Minnesota pension slates $200 million to private credit after strong returns over Q3 2018
Minnesota State Board of Investments has awarded a $200 million commitment to two private credit managers

Ares starts 2019 with a bang, closing US senior direct lending fund at $5 billion
Ares Capital Management has held a final close for its US senior direct lending fund with $5 billion total capital available

Head of European private debt Bone earns promotion at Partners
Partners Group’s head of private debt in Europe, Christopher Bone, has been promoted to partner as one of 10 senior-level promotions announced by the firm

Credit Suisse and Patrimonium launch direct lending fund and plan a follow-up
Credit Suisse and Patrimonium have completed the launch of a new direct lending fund which has reached CHF165 million ($167 million).