Massachusetts pension fund invests $75 million with TowerBrook
Mass PRIM) has made a $75 million commitment to New-York based TowerBrook Capital Partners for its second structured opportunities fund, according to 15 May board documentation

Former Credit Suisse credit heads raise over $400 million for new fund
New York-based Arbour Lane Capital Management has raised just over $400 million for its second credit opportunities fund in less than a year, according to US SEC filings

Michigan fund commits $25 million to CLO "risk retention" vehicle
The University of Michigan's endowment has made a $25 million commitment to a CLO fund managed by Kayne Anderson Capital Advisors, according to documents seen by Creditflux

Silver Rock raises $1 billion for opportunistic credit fund
Los Angeles based Silver Rock Financial has raised just over $1 billion for its opportunistic credit fund, according to US SEC filings.

Tages holds $203 million first close for hedge fund seeding strategy
The new closed-end vehicle will focus on providing seeding and acceleration capital to emerging hedge fund managers

Idinvest holds €715 million final close for fourth direct lending fund
Paris-based Idinvest Partners has surpassed its initial €600 million target size, raising €715 million for its final close

GoldenTree grows third distressed debt fund to $600 million
New York-based GoldenTree Asset Management has raised nearly $600 million for its third distressed debt fund – just over a quarter of its target size

Hermes partners with another three banks to deliver European direct lending fund
Hermes Investment Management has formed new lending partnerships with Danske Bank, DZ Bank and KBC Bank for its upcoming European-focused fund 

CIFC gets in on interval fund phenomenon with new CLO-focused strategy
The new vehicle will invest at least 80% of its net assets in debt securities, with a focus on CLO equity, mezzanine tranches and warehouses, US SEC filings reveal

Manager targets €250 million for inaugural Italian direct lending offering
Milan-based Main Capital has plans to launch its inaugural Italian private debt fund, which will target €250 million capital commitments, according to Creditflux’s sister publication Unquote

Investec unveils unconstrained global credit fund for UK investors
“In a world of rising interest rates, and with the accompanying increase in volatility", Investec has launched a replica of its Investec Global Total Credit Fund - this time for UK investors

Rothschild holds €655 million close for European mid-market loan fund
Rothschild Merchant Banking has closed its European mid-market direct lending fund, Five Arrows Direct Lending, with €655 million capital commitments

Pension fund ups commitment to TPG special situations fund by $150 million
Kern County has upped its commitment to TSSP Adjacent Opportunities Contingent Fund, managed by TPG’s special situations platform TPG Sixth Street Partners, 9 May board documents reveal. 

Boston-based manager launches $1.25 billion real estate debt fund
US real estate investment firm Berkshire Group has closed its second debt fund with $1.25 billion equity commitments, which will target at least 10% returns

MidOcean floats second tactical credit fund
MidOcean Credit Partners has launched its second tactical credit fund, which will invest in "off-the-run" high yield and leveraged loans, Creditflux understands

LMCG credit fund doubles in size
Boston-based LMCG Investments has raised at least $72.69 million for its credit hedge fund – more than doubling fund assets in exactly a year, according to US regulatory filings

Louisiana pension fund commits $75 million to new Oaktree fund
The Teachers Retirement System of Louisiana (TRSL) has made a $75 million commitment to distressed debt manager Oaktree, a spokesperson for the $9.5 billion pension fund confirmed

Sound Point wins $125 million mandate for strategic credit fund
Sound Point Capital Management has won a $125 million mandate for its Strategic Capital Fund, which will provide liquidity solutions to US stressed and distressed companies 

Courage braves credit market to launch new distressed debt fund
Courage Capital Management has launched its fourth credit opportunities fund, according to US SEC filings

Muzinich edges nearer to final close for pan-European debt fund
Corporate debt specialist Muzinich & Co has held a third close for its pan-European private debt fund with €460 million in capital commitments

Distressed debt specialist closes $727 million credit fund
Balbec Capital has announced the final close of InSolve Global Credit Fund III with $727 million capital commitments

Manager holds first close for £500 million UK real estate debt fund
London-based TH Real Estate, an affiliate of Nuveen, has held a first close of its second global real estate debt fund

Carlyle and Oppenheimer opt for interval fund structure as part of JV
The new private credit fund will invest at least 80% across loans and structured credit (Including CLOs), opportunistic credit, direct lending and liquid credit, SEC filings reveal

Real estate specialist raises $385 million for credit fund
Real estate specialist Acore Capital has raised at least $385 million for its latest credit fund - Acore Credit IV, according to US SEC filings

Private equity firm launches cannabis credit fund
Private equity firm Gotham Green Partners has become the latest fund manager to launch a strategy geared towards the cannabis sector