Schroders holds second close on private credit fund of funds "driven by UK pension demand"
Schroders says a growing demand from UK pension funds for diversified private credit exposure has helped the firm hold an £85 million second close on its private credit fund of funds, Schroders Capital’s Multi Private Credit Fund

Five Arrows hits 40% deployment on new €1.4 billion direct lending fund
Rothschild has held a €1.4 billion final close of its third European direct lending fund, Five Arrows Debt Partners III

Francisco Partners keeps 100% investor retention for second $2.2 billion credit fund
The firm’s second technology-focused opportunistic credit fund hit its $2.2 billion hard cap - and the firm says all investors in its first fund invested in the follow-up 

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

Credit Fundraising: September breaks 2021 record and poses question - is it sustainable?
The third quarter ended with $36.5 billion being raised in credit last month, doubling July and August figures. Several of the new funds have embedded Sustainable Finance Disclosure Regulation or ESG criteria at the heart of their investment thesis   

HPS closes $15.4 billion direct lending fund as deployment hits 60%
HPS Investment Partners has closed its fifth direct lending fund with $11.7 billion of investor commitments. Creditflux understands this is nearly double its $6 billion original hard-cap

Allianz holds €500 million first close on private credit fund of fund
The vehicle, which has a €1.5 billion target, invests jointly with Allianz

Amundi focuses on ESG-linked margin ratchets in €1 billion private debt fund
Amundi has become the latest manager to place a focus on ESG-linked margin ratchets on its fourth private debt fund, which has a €1 billion target 

Cheyne puts focus on ESG-linked loans for new €1 billion strategic credit fund
The London-based manager held a €1 billion final close on its second strategic credit fund in the series, Cheyne European Strategic Value Credit Fund II, which it says took less than six months following its first close

HIG closes €2 billion 'inaugural' European mid market fund
HIG Capital has held a €2 billion final close on what it says is its first European middle market fund

DunPort reaches €255 million first close for UK and Ireland direct lending fund
Ireland Strategic Investment Fund is among the investors backing the UK and Ireland-focused lower mid market direct lending fund 

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

Tikehau wins €350 million mandate to manage Belgian direct lending fund
The €350 million fund will invest in subordinated and convertible loans to Belgian companies hurt by the covid-19 pandemic over the next five years

Credit Fundraising: Blue Owl and WhiteHorse gain from improving animal spirits
Fundraising perked up in July as managers raised $14.9 billion for credit funds - the third highest monthly amount this year

Eurazeo closes €1.5 billion European direct lending fund and readies next one
Eurazeo has closed its fifth European direct lending fund, Idinvest Private Debt V, at €1.5 billion

Tikehau retains 68% of investors for second €617 million special opps fund
Tikehau Capital has closed a second special opportunities fund at €617 million - and says 68% of commitments in Fund II were re-ups from investors in Tikehau’s inaugural special opportunities fund

Northleaf closes global private credit fund with $1.2 billion deployable capital
Northleaf Capital Partners has raised more than $900 million for its second private credit strategy, Northleaf Private Credit II 

CIC holds final close on mezzanine fund at €450 million
CIC Private Debt has held a final close on its fifth mezzanine fund at €450 million, which it says is €50 million over its initial target

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

Credit fundraising: managers take care of infrastructure with new partnerships
Credit managers were busy launching new partnerships to support growth in infrastructure and CLOs. There were 13 announcements in the month paving the way for upcoming funds, platforms, and joint ventures

MV collects €526 million for second senior direct lending fund
MV Credit has held a final close on its second senior direct lending fund, MV Senior II

Incus targets €500 million for fourth SME credit fund
The Madrid-headquartered firm has launched its fourth asset-backed European credit fund, Incus European Credit Fund IV, with a €500 million target and €650 million hard cap

RiverRock closes €604 million senior direct lending fund
RiverRock has held a final close on RiverRock Senior Loan Fund I at €604 million, with around 50% of the portfolio deployed

Marathon targets $300 million for inaugural healthcare credit fund
Marathon Asset Management is targeting $300 million for a credit fund focused solely on healthcare loans

Stepstone wins €215 million private debt mandate from Italian pensions
A consortium of Italian DC pension funds have allocated the capital to a private debt fund of funds under the name Project Zefiro