PGIM raises $2.4 billion for inaugural direct lending fund
PGIM Private Capital held a final close on its inaugural direct lending fund, PGIM Senior Loan Opportunities I

Infrastructure manager targets €1 billion for eclectic mix of project finance debt and SRTs
A Copenhagen-based firm is launching its first credit fund and has partnered with an SRT specialist in London for a component of its potential €1 billion offering  

Coller closes $1.4 billion private credit secondaries fund
Coller has nearly doubled the target size of its inaugural private credit secondaries fund, Coller Credit Opportunities I

Credit funds at a glance (February 2022)
A round up of fundraising and people moves in credit

HPS reveals private credit-focused non-traded BDC
HPS Investment Partners has become the latest manager to launch a public, non-traded business development company

Tikehau raises nearly €2 billion for direct lending amid record-breaking quarterly fundraising
Tikehau Capital has collected nearly €2 billion for Tikehau Direct Lending V, plus a further €275 million for its secondary private debt strategy 

Pennsylvania pension reveals $500 million in commitments to three private credit funds
Pennsylvania Public School Employees' Retirement has revealed three private credit commitments as part of $1.1 billion in allocations to its alternatives bucket

BC closes $1.2 billion second special opportunities fund 12 months’ incubation
BCP Special Opportunities Fund II has collected $1.2 billion in capital commitments - but a year later than it originally earmarked a final close

Hayfin raises 'more than €2 billion' for special opportunities strategy
Hayfin Capital Management has held a ‘more than €2 billion’ final close on its third special opportunities private credit fund, Hayfin Special Opportunities Fund III

Credit funds at a glance (January 2022)
A round up of fundraising and people moves in credit

Credit Fundraising: mega funds contribute to record-breaking month as volume hits $39bn
The sheer size of the funds raised in November more than compensated for a drop in the number of funds raised as fundraising volume in credit reached $38.9 billion. This beat September by $2.4 billion to make it the most productive month of credit fundraising in 2021

Ares rounds out bumper year for direct lending with $14 billion US fund
Ares Management is ending 2021 with yet another massive direct lending fund-raise

Muzinich adds UK and Ireland institutional sales head
Muzinich & Co has hired a head institutional sales for the UK and Ireland

BNP Paribas AM launches Article 9 social bond fund
BNP Paribas Asset Management has launched a sustainable bond fund that will be classified as article nine under the EU’s sustainable financial disclosure regulation

Amundi replaces European loan head and appoints deputy
Amundi has shaken up the hierarchy of its loan business with a personnel shuffle at the top

Oaktree raises largest ever fund with $15.9 billion for "opportunistic credit" strategy
Oaktree Capital Management has closed its largest ever fund, collecting a whopping $15.9 billion on its latest opportunistic credit strategy, Oaktree Opportunities Fund XI

HPS targets $9.5 billion for fifth mezzanine debt fund
HPS Investment Partners is targeting $9.5 billion for its fifth global mezzanine debt fund, HPS Strategic Investment Partners V - but unlike earlier vintages, HPS says it will not target opportunities within the upstream energy space

Pemberton closes €1.75 billion strategic credit fund 40% deployed
Pemberton Asset Management has closed its second strategic credit fund, Pemberton Strategic Credit Fund II, at around €1.75 billion

Credit Fundraising: Private credit and CLO captive equity feature strongly as closes mount up
Credit funds have made a fair start to the fourth quarter, although the $21 billion raised during October is down substantially on September’s impressive record for 2021

Arcmont raises €5 billion for upper-mid market strategy
Arcmont Asset Management has raised €5 billion for a direct lending fund that will target senior loans

Credit funds at a glance (November 2021)
A round up of fundraising and people moves in credit

LP round up: no Stoptober as investors allocate $5 billion to credit
US institutional investors allocated $5 billion to credit funds in October, with Oak Hill and Pimco among the biggest mandates    

New York pension favours credit as it pumps $1.1 billion into tech, loans and distressed
New York State Common Retirement Fund has splurged over $1 billion in credit, topping allocations it made in equities and real estate

UK pension readies £1.3 billion listed alternatives fund
The fund will provide liquid access to infrastructure, specialist real estate, private equity and alternative credit

Certior holds first close on direct lending fund of funds
Certior Capital, the Helsinki-based private credit and alternative investment manager, has held a first close of a European direct lending fund of funds backed by Finnish, Benelux and Spanish institutions