Lord Abbett prepares special situations interval fund
Lord Abbett is preparing to launch a new special situations fund in the form of an interval fund

Credit fundraising: Goldman Sachs direct lending fund takes March figures to $23 bn
Credit funds sprung forward in March as $23 billion was raised alongside $2.6 billion worth of allocations to credit managers. 

LP round-up: $2.6 billion flows into 26 credit managers
A stuck ship in the Suez Canal may have prevented others from getting through one of the world's busiest waterways in March, but allocations to credit funds were much more free flowing as investors poured over $2.6 billion into the hands of credit managers

Four managers win lucrative $700 million credit mandate
A $39 billion pension has selected four managers for an opportunistic credit mandate and identified a further four ‘bench’ managers 

Credit funds at a glance (March 2021)
A round-up of fundraising and people moves

Credit fundraising: ESG centre stage as capital pours into new strategies
Sustainability was the watchword for fundraising in February, amid a flurry of fund launches as well as first closes for impact funds and sustainable bond funds

Apollo holds $2.34 billion final close on latest credit dislocation fund
Apollo Global Management has held a $2.34 billion final close on its latest flagship dislocated credit fund, Apollo Accord Fund IV

UK fund manager launches £125 million global sustainable credit fund
The manager says it aims to allow investors to gain exposure to global fixed income markets in a more sustainable way

Carlyle holds first close on opportunistic credit fund amid 2020 'record fundraising'
Carlyle Group has held an initial closing on its second opportunistic credit fund amid a record credit fundraising year for the firm

Apollo credit assets rocket 50% with anticipated fundraising hike after Black investigation
Apollo Global Management's credit assets rocketed 52% over 2020 to $329 billion - and the firm predicts third-party fundraising to “build significantly” in the first quarter, following the conclusion of Dechert's investigation into chief executive officer Leon Black

Credit funds at a glance (February 2021)
A round-up of fundraising and people moves

Credit fundraising: January proves anything but dry for manager inflows
After a tough and unpredictable year, January may have been seen by many as an opportunity for a fresh start. But for seven managers it meant holding final closes on funds, while three undertook first closes and one a fund launch

Blackstone raises $1.1 billion for mezz and $1.7 billion for direct lending
The New York-based manager had a strong final quarter of 2020, adding $13.1 billion in credit assets under management in the quarter

Marathon secures $900 million for asset-based lending fund
The New York-based manager will invest in asset-based loans across the healthcare, real estate, equipment and transportation and corporate sectors 

Credit Rendezvous: heading for homes
Fund managers in structured credit, real assets and distressed are bullish on the prospects for residential housing in 2021. Elsewhere, niche royalty-based strategies are in favour and although a CLO repricing wave is expected, it may not be easy to execute resets. For more, read our 13-page quarterly report on credit. 

LP round-up: investors gift private debt and leveraged loan RFPs over holiday season
2020 ended on a strong note with four institutional investors increasing asset allocation to private debt or initiating private debt and leveraged loan searches. ArrowMark, Banner Ridge, BBAM, HIG Whitehorse, Monroe and Rialto were also awarded mandates

Credit funds at a glance (January 2021)
A round-up of fundraising and people moves

LP round up: Arcmont, Ares and Sixth Street win European direct lending mandates
Investors have allocated around $2 billion to credit funds in recent weeks, according to board documentation seen by Creditflux. Among those to recieve allocations include ADM, Arcmont, Ares, Audax, Bain, Centerbridge, Clearlake, Goldman Sachs merchant banking,  Invesco, Monarch, Oaktree, Raven, Sixth Street and Sound Mark

First Eagle confirms launch of credit interval fund
First Eagle Investment Management has announced the launch of its credit interval fund, First Eagle Credit Opportunities Fund, which Creditflux reported on in July. The vehicle will invest across public and private credit

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

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

Sovereign wealth funds empower direct lenders
Sovereign wealth funds are turning toward the booming private credit market, with three massive partnerships formed this year

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

Credit fundraising: managers build homes for real estate credit funds
The “largest ever real estate credit fund” was one of the fundraising highlights last month as Blackstone’s Real Estate Debt Strategies IV fund reached $8 billion on its final close

LP round up: $5 billion flows to credit as private market allocations increase
Global institutional investors allocated nearly $5 billion to credit funds this week, according to documents seen by Creditflux