LP round up: CLO fund included in whopping $13 billion of credit allocations in November
Credit took centre stage in November as investors allocated over $13 billion to credit funds in the month, with one pension allocating $50 million for a European CLO risk retention fund 

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 among winners as Texas pension reveals $725 million allocation to credit
Texas County District & Retirement System has revealed over $700 million in allocations to credit funds it made in October and November - including $400 million to a HPS managed account

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

Ironwood targets $500 million for mezz debt and equity fund
Ironwood Capital is targeting $500 million ($550 million hard cap) for its latest fund which will focus on subordinated debt and minority equity investments in lower middle market US companies

American Equity mandates $1 billion to Monroe for software and tech lending
American Equity Investment Life has awarded $1 billion to Monroe Capital for its technology lending platform focusing on middle market software, technology and recurring revenue

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

Points up front: HPS gives it 200%
One of the biggest fundraisers this year in credit is HPS Investment Partners. Its $11.7 billion Specialty Loan Fund V totals $15.4 billion including leverage

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    

Eagle Point hits $300 million hard cap on BDC-lending fund
Eagle Point Credit Management says it has held a $300 million final close on its Defensive Income Fund, hitting its hard cap and exceeding its original $250 million target

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

Antares wins $500 million US direct lending mandate
The Investment Management Corporation of Ontario has invested $500 million in a US direct lending mandate with Antares Capital, as part of its push to nearly double its global credit assets under management by 2025

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

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

Ex-KKR US private credit head joins Sagard as it launches sponsorless credit fund
Sagard Credit Partners has launched a new senior loans fund and hired KKR's ex-head of US private credit to lead the charge

New Mountain closes US direct lending with $2 billion to deploy
New Mountain Capital has closed its latest US direct lending fund, New Mountain Guardian III BDC, at $1.15 billion

White Oak deploys 80% of new $1.3 billion non-sponsored direct lending fund
White Oak Global Advisors has closed its latest direct lending fund, White Oak Yield Spectrum Fund V, at over $1.3 billion and recieved a further $1 billion for asset-based lending

Ares closes $5.1 billion junior US direct lending fund as deployment hits 20%
Ares Management has collected $5.1 billion for its second junior US direct lending fund, Ares Private Credit Solutions II