US pension commits $100 million to Apollo's hybrid private credit/private equity fund
Pennsylvania State Employees’ Retirement System has mandated $100 million to a multi-strategy fund managed by New York-based Apollo Global Management

KSL holds $671 million close for second travel and leisure credit fund
KSL Capital Partners has held a final close for its second credit fund with $671 million in capital commitments

RiverRock prepares €1 billion European senior loan fund
Direct lender RiverRock European Capital Partners is targeting €1 billion for its latest European loan offering, Creditflux understands.

Direct lenders flock to Munich as German deal flow picks up
German private debt is attracting a growing number of fund managers. Market sources say that deal flow through the first half of the year was at 65% of 2017’s total and had surpassed the number of private debt deals executed by funds in each of the previous five years

Alaska pension fund puts $123 million to work following $1 billion credit platform launch
Alaska Permanent Fund Corporation (APFC) has made a $123.3 million commitment to a European direct lending fund

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

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

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 

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

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

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

London-based direct lender wins as San Francisco pension fund deploys into private credit
A Californian pension fund has mandated $60 million to a strategic credit fund, as part of its private debt pacing plan to deploy up to $750 million to private debt annually

Spanish direct lender targets final close on debut fund
Spanish direct lender Resilience Partners is targeting a February 2019 final close for Resilience Partners Fund I, Creditflux has learnt

Beechbrook eyes sponsorless opportunities with new UK SME credit fund
London-headquartered Beechbrook Capital is looking to launch its second UK SME credit fund, Luxembourg filings reveal

BlueArc brings in nearly $70 million for global private credit fund
At least 100 investors have backed the BlueArc Global Private Credit Opportunity Fund, managed by Atlanta-based BlueArc Capital 

Oaktree raises new special situations fund while CIO warns of direct lending risk
Oaktree Capital Management has released its second quarter 2018 results in which the Los Angeles-based firm reported $2.4 billion of new capital commitments in the quarter

Direct lender Green Arrow adds two strings to its bow with new funds
Green Arrow Capital, which recently acquired Italian private equity house Quadrivio, is nearing a final close for two funds, sources say.

ICG reports €4.8 billion of inflows over three months after direct lending success
Intermediate Capital Group has released its quarter end results - showing strong inflows and deployment

Ares launches "largest ever" European direct lending fund with up to €10 billion to invest
Ares Management has held the final close on what it claims to be the largest European direct lending fund raise ever

BNP Paribas AM launches UK SME direct lending fund
The new direct lending fund aims to disrupt a segment of the market that is underserved by asset managers and banks  

BlackRock holds €1.1 billion final close for inaugural mid market fund
BlackRock has held a €1.1 billion close for its inaugural middle market private debt fund – exceeding its initial €750 million target.

Capital Dynamics registers debut direct lending fund
Zug-based Capital Dynamics is looking to launch Capital Dynamics US Middle Market Credit Fund after establishing a private credit business over the last 12 months

Hayfin looks to launch third European direct lending vehicle
European credit specialist Hayfin Capital Management is looking to launch Hayfin Direct Lending Fund III, according to regulatory filings 

Michigan pension fund looks to commit $80 million to debt funds
The $114 billion Michigan pension fund is looking to commit to two private debt funds managed by London-based Kreos Capital and New-York headquartered MidOcean Credit Partners

Swiss manager launches agriculture-focused impact debt fund
Zurich-based responsAbility Investments has launched its second open-ended private debt fund, which will invest in sustainable agriculture and development