Rhode Island pension backs Clearlake credit fund
Rhode Island Employees Retirement Systems Pooled Trust is set to commit $30 million to Clearlake Opportunities Partners II, according to documents from an investment commission meeting seen by Creditflux  

Twin Brook closes latest direct lending fund at $2.75 billion
The fund will have $5 billion of buying power 

HIG closes European small-cap special situations fund at $1.5 billion
HIG's distressed debt and special situations unit has closed held a final close for H.I.G. Bayside Loan Opportunity Fund V

South Carolina pension backs tech-focused BDC
South Carolina Retirement System Investment Commission (RSIC) has committed $100 million to Owl Rock Technology Finance Corporation, according to documents seen by Creditflux  

Cheyne aims to capitalise on stress within direct lending as it closes €1 billion opportunistic fund
The fund seeks to capitalise on the accelerated sell-down of mid-market corporate loans by European banks

GSO generates $4.5 billion capital for energy-focused credit fund
GSO Capital Partners has closed its second energy-focused credit fund with $4.5 billion of capital commitments, the firm has announced. Creditflux understands that the fund originally targeted a $5 billion final close

Louisiana pension retains Hamilton Lane and plans private debt commitments
The $20 billion Teachers' Retirement System of Louisiana (TRSL) board has voted to retain Hamilton Lane as its private markets manager to oversee its private debt and private equity portfolios. 

Warsaw-based direct lender launches fund to invest in central and eastern Europe
The Warsaw-based private debt manager has received the backing of the European Investment Fund

San Mateo pension backs BlackRock direct lending fund
San Mateo County Employees' Retirement Association is set to make a commitment of $35 million to BlackRock Direct Lending Fund IX, according to an agenda item document seen by Creditflux.

Cliffwater raises $135 million for interval fund geared towards direct lending
Cliffwater has raised $135 million for an interval fund through which it will allocate to five sub-advisors

Robus lifts soft-close from credit fund after capitalising on late-2018 correction
The soft close for Robus Mid-Market Value Bond Fund has been in place since October 2017

Northleaf Capital plants evergreen direct lending fund
Northleaf Capital is bringing evergreen fund structures to the direct lending market with the intention of giving institutional investors a degree of liquidity.

Cairn teams with Mediobanca for European credit Ucits fund
The strategy will focus on four credit asset classes - financials, corporates, asset-backed securities and special opportunities 

Adams Street raises $1.1 billion for its inaugural private credit strategy
Adams Street Partners has closed its inaugural private credit program with around $1.1 billion of capital available to deploy, including leverage.  

Ohio pension backs GSO's upcoming European direct lending fund
Ohio Police & Fire Pension Fund (OP&F) has approved a $50 million commitment to GSO European Debt Fund II

Goldman Merchant Bank secures $4.4 billion senior debt capital to deploy
Goldman Sachs merchant banking division has closed its latest senior direct lending fund, Broad Street Senior Credit Partners II

Morgan Stanley IM collects $785 million for senior loan fund
The strategy will have around $1.1 billion available capital for investment with leverage 

Sacramento pension backs healthcare fund
Sacramento County Employees Retirement Scheme (SCERS) committed $35 million to OrbiMed Royalty & Credit Opportunities in April, according to a monthly report of new investment activity seen by Creditflux  

US pension to invest $75 million in private debt
Vermont pension investment committee (VPIC) has decided to commit $75 million in private debt, following a private credit strategic investment plan recommendation plan recommendation by its investment consultant NEPC.  

UK pension fund appoints manager for private debt portfolio
Hampshire County Council Pension Fund has appointed JP Morgan Alternative Asset Management as a private debt portfolio manager.

Managers look east as Asian credit fundraising takes off
Several asset managers have outlined plans for growth in Asia as one of their foremost priorities this year.

Pemberton closes strategic credit opportunity strategy at €1 billion
Pemberton has closed its first fund dedicated to strategic credit opportunities today

California pension approves $20 million for open-ended private debt fund
The commitment comes two months after Santa Barbara County Employees’ Retirement System mandated $25 million to a THL Credit 

Pennsylvania pension commits $150 million to European credit funds
Pennsylvania State Employees’ Retirement System approved $975 million of investments at its 24 April meeting

Jefferies subsidiary and Stonyrock plan mid-market alternative manager stake acquisitions
The new joint venture will invest in private equity, credit, hedge funds, real estate, venture, and infrastructure firms