PGIM expands ETF offering with high yield bond fund
PGIM has expanded its exchange traded fund offering with the launch of a new high yield bond strategy

Kommunalkredit builds €190 million first close for infrastructure debt fund
The fund anticipates to hold a final €250million close before year end

M&G targets £250 million for UK-listed multi-strategy credit fund
M&G is targeting £250 million (£328.6 million) for a new closed-end investment trust, which will be listed in the UK

Laxfield increases size of UK debt fund to £750 million
Laxfield Capital, a UK-based real estate debt firm, has upsized the size of its real estate debt fund Laxfield LLP to £750 million ($986 million)

Sound Point wins $285 million CLO equity mandate from Canadian pension fund
The C$366.6 billion Canadian Pension Plan Investment Board is looking towards CLO equity to broaden its investment exposure

BlackRock becomes latest manager to explore interval fund structure for credit
Several managers have hit the market with the interval fund structure, as investors look to invest in illiquid strategies through an illiquid fund structure

Oberland hits $800 million hard cap for healthcare credit opportunities fund
Healthcare investment firm Oberland Capital has hit its $800 million hard cap for its second royalty and credit opportunities fund, the firm announced yesterday

Texas pension awards $175 million to distressed debt and strategic credit
The $30.1 billion Texas pension fund has mandated $175 million to Arbour Lane and Marblegate 

Four private credit managers score as Arizona pension fund commits $250 million
The $9.78 billion pension fund has mandated nearly $250 million to four private credit managers, alongside additional commitments for co-investment opportunities 

Louisiana pension fund assigns $200 million to DoubleLine and GoldenTree
Louisiana State Employees' Retirement System has allocated to distressed debt and mortgage credit funds run by two experienced asset managers

Nashville pension allocates to energy credit funds
Metropolitan Government of Nashville and Davidson County has approved a $20 million commitment to two energy-focused private credit strategies

Kayne Anderson holds $3 billion final close for middle market credit fund
The Los Angeles-based manager closed its third middle market credit fund with with $3 billion investable capital including separately managed accounts and leverage

Fund of funds manager holds €51 million first close for direct lending strategy
A European fund of funds manager has held a first close on a new vehicle which will back SME direct lending funds

Distressed debt outperforms as Texas pension fund's credit strategies gain 11.2%
Texas County and District Retirement System (TCDRS), the $30 billion pension fund, generated 11.2% annualised returns from its credit portfolio for the year ending 30 June. Distressed debt was a major positive, but IG credit lost value

Californian pension fund commits $25 million to new US direct lending fund
A $3.01 billion pension fund has invested $25 million to a US direct lending fund managed by Twin Brook Capital Partners 

US pension fund's new private credit portfolio delivers strong early returns
A US pension fund recently created a private credit bucket and this has generated 9.25% time-weighted returns

Californian pension fund moves $35 million into distressed debt
Sacramento County Employees' Retirement System has made a $35 million commitment to a distressed fund TPG Sixth Street Partners 

GSO registers new direct lending fund after going solo
After its partnership with FS Investments reached an end, GSO Capital Partners has registered a new direct lending fund with US regulators

Former European Capital team raises $725 million for new direct lending fund
LGT Capital Partners has raised at least $725 million for a private debt fund, following the acquisition of private debt manager European Capital Partners from Ares Management in March last year

Manager plays its cards right as top-performing hedge fund grows in size
A US credit hedge fund manager has grown the size of its credit vehicle amid a strong first half of the year

Pimco raises nearly $700 million for new real estate debt fund
The vehicle will invest in private and public real estate debt opportunities, including senior mortgages, mezzanine financing, CMBS, and other real estate debt related investments

Boston manager looks towards middle market for latest credit fund
Bain Capital Credit has launched its middle market credit fund, according to US regulatory filings 

Vanguard plans global credit bond fund launch for US investors
Vanguard’s $1.3 trillion fixed income group is looking towards a US-domiciled global credit bond fund in the fourth quarter this year, following the Ucits version it launched last year 

KKR and Schroders back €1 billion Dutch direct lending fund
Neos, a Dutch direct lending firm, has held a €1 billion close on its Dutch and German direct lending joint venture

New York manager prepares interval credit fund launch
A structured credit fund manager is joining the interval fund rush