Crescent eyes non-traded BDC for private credit offering
Crescent Capital is looking to expand its middle market direct lending product suite, with the firm registering a non-exchange traded business development company with US regulators

AlbaCore eyes reinvestment as it closes €2.4 billion private credit fund
AlbaCore Capital has held a final closed on a fund that specialises in private European credit investments

CVC secures €6.3 billion for third European direct lending strategy
CVC Credit has smashed past its €2 billion target and closed its third European direct lending strategy, CVC Credit Partners European Direct Lending Fund III, at €6.3 billion. That figure includes parallel investment vehicles and managed accounts. 

Pictet hires private credit heads for France and Dach as it plots 2023 fund launch
Pictet Asset Management has expanded its new private credit team with several hires, including heads of private debt for France and Germany.

Golding collects €75 million on first close of inaugural private credit co-investment fund
Golding Private Debt Co-Investment 2021 has a €200 million target and plans to hold a final close in the second half of 2023

Beechbrook holds £170 million second close on direct lending fund
Beechbrook Capital has held a £170 million second close on its third UK lower mid-market direct lending strategy

Calpers allocates $2.75 billion to two credit managers
US pension heavyweight California Public Employees Retirement System earmarked $3 billion to credit funds in the third quarter of 2022, according to recent board materials 

Brookfield/Oaktree targets "larger" than $16 billion for next opportunistic credit fund
Brookfield Asset Management held a $2.8 billion first close on its third infrastructure debt fund and has started fundraising for its next vintage of our opportunistic credit flagship fund, alongside affiliate Oaktree, according to the firm's Q3 earnings call

Ardian closes €5 billion European direct lending fund
Ardian has closed its fifth mid-market European direct lending strategy with €5 billion capital commitments, exceeding its €4 billion target

HighVista holds final close of second private credit fund at $450 million
HighVista Strategies has announced the final close of a second private credit fund

Catalio raises healthcare-focused private credit fund
Catalio Capital Management has launched its first ever special situations credit fund with which intending to provide financing to healthcare companies

Castlelake secures $782 million for credit fund
Castlelake Income Opportunities II will invest in areas including European commercial real estate, transitional bridge lending in North America, specialty finance and secured aviation related lending

LP round up: two managers terminated as 20 win $2.5 billion
US institutional investors allocated over $2.5 billion to 20 credit managers in October, according to documents seen by Creditflux. Two credit fund managers however were terminated in the month

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

Silver Point targets $4 billion for third specialty credit fund
The Greenwich, Connecticut-headquartered manager invests across several areas of lending including secondary market loans, hung syndications, rescue finance, and hard asset lending opportunities during periods of dislocation

Hamilton Lane launches evergreen senior credit opportunities fund
Hamilton Lane has launched an open-ended senior credit opportunities fund, named Hamilton Lane Senior Credit Opportunities Fund

Pimco targets up to $5 billion for flexible credit fund
The fund will invest across capital solutions, distressed and stressed opportunities, and idiosyncratic positions

Investment manager launches to finance non-sponsored mid market
A new alternative manager launched Monday with a focus on debt and equity investments in non-sponsored, lower middle market businesses in North America

KKR and Mubadala form $1 billion Asian private credit partnership
KKR and Abu Dhabi state fund Mubadala have formed a $1 billion ‘strategic partnership’ to co-invest across performing Asia private credit

Sona rolls out event-driven and bespoke financing fund to US investors
Sona Asset Management is courting investors in the US for its second capital solutions strategy, having filed an offering of the fund with the Securities & Exchange Commission

Blackstone collects $4 billion on inaugural private credit green energy fund first close
Investors are big fans of Blackstone's new private credit green energy strategy, which focuses on renewables and energy transition 

Axa IM and InPact close €395m global revolving credit facility fund
AXA Investment Managers and InPact Partners have closed their second vintage revolving credit facilities fund, RCF II, with over €395 million in capital commitments

Fidelity Investments eyes CLOs as part of multi-strategy credit fund
Fidelity Investments is preparing to launch a new multi-strategy credit fund, which will “opportunistically rotate across the entire credit spectrum”

Churchill raises $12 billion for senior lending strategy
The total includes closes of Churchill's levered, unlevered funds and separately managed accounts

DWS hires regional heads for direct lending business
DWS Group has unveiled two senior appointments to it European direct lending team