Bain collects $2 billion for second Asian special situations fund
Bain Capital has collected more than $2 billion for its second special situations fund, Bain Capital Special Situations Asia Fund II. The vehicle had an initial $1.5 billion target

Sound Point plots first US direct lending fund following CVC acquisition
Sound Point Capital Management is looking to fundraise for its its first US direct lending fund since acquiring CVC’s US direct lending unit

Leucadia seeds European distressed and credit opps firm Pearlstone
New opportunistic credit firm Pearlstone Alternative has received backing from Leucadia Asset Management in the form of seed capital and distribution services

LP round up: Oak Hill wins $300 million for strategic credit and Arcmont eyes fund four
US investors allocated nearly $1.5 billion to credit funds in May, with managers to win mandates including: 400, Accel-KKR, Advent, Arcmont, ArrowMark, Comvest, Edelweiss, Francsico, Oak Hill, Sixth Street and Sprott

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

EIF back's Irish direct lender's €335 million fund
The European Investment Fund has made its first 'diversified' debt fund investment in Ireland after allocating €70 million to DunPort Capital Management’s Oak Corporate Credit DAC

Angelo Gordon closes $3.1 billion credit solutions fund in seven months
Fundraising for AG Credit Solutions II means the firm’s all-weather distressed and special situations platform has grown to $11 billion.

Pantheon exceeds $500 million target for second private debt secondaries fund
Pantheon has held a final close of its second private debt secondaries fund, Pantheon Senior Debt II, at $834 million

KKR collects $1.1 billion for inaugural Asia credit opportunities fund
The firm claims it is the “largest inaugural pan-regional fund focused on performing credit” and “one of the largest inaugural pan-regional credit funds to have been raised for Asia Pacific"

HSBC raises $1 billion for UK direct lending
The strategy was launched in early 2021 as part of the firm’s ambition to grow its alternatives capabilities

Chenavari takes three-pronged approach with new specialty finance fund
Chenavari has raised capital for a specialty finance fund, officials at the company have confimed to Creditflux. The fund, the firm’s latest vintage private credit strategy, launched in February

Beach Point launches $1.5 billion US direct lending joint venture with KeyBank
KeyBank Beach Point Direct Lending Program will combine sourcing, underwriting and structuring capabilities for middle market borrowers

StepStone keeps up private credit growth with $600 million credit opps fund
StepStone Group has raised “over $600 million” for a fund that will invest in stressed, distressed dislocated credit assets

Monroe closes first opportunistic private credit fund with 'over 75 investors'
Monroe Capital has won commitments from ‘over 75’ investors, closing its inaugural opportunistic credit fund, Monroe Capital Opportunistic Private Credit Fund I, at $286 million

LP round up: Apollo and Silver Rock win over $1 billion as pensions plough into private debt
Institutional investors allocated at least $2 billion to credit funds in April, according to Creditflux data, with Apollo and Silver Rock emerging as big winners

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

Kayne Anderson closes fourth middle market direct lending fund
The firm says it has collected $4.5 billion of investable capital across Kayne Senior Credit Fund IV & IV-B, two private business development companies, managed accounts and other vehicles investing alongside the fund

Monroe collects $4.8 billion for fourth US direct lending fund
Monroe Capital has closed its latest US direct lending fund with $4.8 billion of investable capital, which includes $2.3 billion in commitments, $1.1 billion of leverage and $1.4 billion from managed accounts

17Capital raises '‘largest debut private credit fund' since 2009
17Capital has closed what it claims is the ‘largest debut private credit fund raised globally since 2009’ as its inaugural NAV lending private credit fund hit its €2.6 billion hard cap. The fund's carried interest is also tied to a charity pledge

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

StepStone sets out new path with Mexican securitisation
StepStone Group says its securitisation of private credit opportunities for Mexican investors has left a template for other managers to follow.

LP round up: Oak Hill wins $3bn mandate as credit allocations near $10bn in March
Institutional investors revealed over $9.5 billion of allocations to credit funds in March. Oak Hill Advisors walked away with the largest mandate, as US heavyweight pension Calpers allocated a whopping $3 billion across several of its funds

CapitalSpring rustles up $950 million food-focused direct lending fund
At closing time, CapitalSpring's direct lending fund has exceeded its target

Carlyle hits $4.6 billion hard cap on second global credit opps fund
With leverage, Carlyle Credit Opportunities Fund II has around $6 billion of capital to deploy

Thoma Bravo closes software and tech credit fund with $3.3 billion to deploy
SEC filings reveal the vehicle had an original $1 billion target