Swiss manager launches agriculture-focused impact debt fund
Zurich-based responsAbility Investments has launched its second open-ended private debt fund, which will invest in sustainable agriculture and development

Patrimonium holds first close for two European direct lending funds
Direct lender Patrimonium Asset Management has held a first close for two of its direct lending funds, Creditflux has learned.

Hamilton Lane holds $900 million final close for private credit fund
Pennsylvania-headquartered Hamilton Lane has doubled its initial $450 million target and held a $900 million final close for its fourth strategic opportunities fund

Invesco raises $150 million for distressed debt fund
The vehicle, which has a $500 million target size, has raised a total of $146.18 million capital commitments, according to SEC filings

RM launches “highly defensive alternative fund” with 7-8% total return target
London-headquartered alternative credit fund manager RM Capital has launched a “highly defensive alternative fund”, VT RM Alternative Income Fund, which it claims to be the first of its kind

Brazil development bank launches $1.5 billion infrastructure credit fund
Brazil’s National Bank for Economic and Social Development (BNDES) is launching a new Brazilian infrastructure credit fund with support from the Inter-American Development Bank

IW launches first UK SME senior debt fund
London-headquartered IW Capital has launched its first  £4.5 million senior secured debt fund, which will invest in UK SMEs 

Redmont launches third private debt fund with focus on US southeast
Alabama-based Redmont Capital is looking to raise capital for its third private debt fund, according to US SEC filings

Onex raises $314 million for debut direct lending fund
Onex Credit Partners has raised $314 million for Onex Credit Lending Partners I - which has a $500 million target size, according to US SEC filings.

Credit interval funds thrive as investors value liquidity profile
“The interval fund structure’s time has come," says BlueBay's Blair Reid

Brantwood looks to launch credit special situation fund via online portal
Houston-based Brantwood Energy Partners is looking to raise capital for its energy credit special situations fund, picking a Canadian online portal to support fundraising efforts

Patrimonium set to launch two European direct lending funds
Direct lender Patrimonium Asset Management is launching two new direct lending funds – with both funds anticipated to hold first closes at around €150 million in the coming week, according to market sources

HSBC asset management unit raises $800 million for global multi-manager loan fund
As a multi-manager fund,  the new vehicle aims to offer the benefits of fund-of-funds - diversification - but with a management fee comparable to a single manager 

Idinvest holds €715 million final close for fourth direct lending fund
Paris-based Idinvest Partners has surpassed its initial €600 million target size, raising €715 million for its final close

Hermes partners with another three banks to deliver European direct lending fund
Hermes Investment Management has formed new lending partnerships with Danske Bank, DZ Bank and KBC Bank for its upcoming European-focused fund 

Manager targets €250 million for inaugural Italian direct lending offering
Milan-based Main Capital has plans to launch its inaugural Italian private debt fund, which will target €250 million capital commitments, according to Creditflux’s sister publication Unquote

Rothschild holds €655 million close for European mid-market loan fund
Rothschild Merchant Banking has closed its European mid-market direct lending fund, Five Arrows Direct Lending, with €655 million capital commitments

Pension fund ups commitment to TPG special situations fund by $150 million
Kern County has upped its commitment to TSSP Adjacent Opportunities Contingent Fund, managed by TPG’s special situations platform TPG Sixth Street Partners, 9 May board documents reveal. 

Sound Point wins $125 million mandate for strategic credit fund
Sound Point Capital Management has won a $125 million mandate for its Strategic Capital Fund, which will provide liquidity solutions to US stressed and distressed companies 

Muzinich edges nearer to final close for pan-European debt fund
Corporate debt specialist Muzinich & Co has held a third close for its pan-European private debt fund with €460 million in capital commitments

Carlyle and Oppenheimer opt for interval fund structure as part of JV
The new private credit fund will invest at least 80% across loans and structured credit (Including CLOs), opportunistic credit, direct lending and liquid credit, SEC filings reveal

Private equity firm launches cannabis credit fund
Private equity firm Gotham Green Partners has become the latest fund manager to launch a strategy geared towards the cannabis sector

New York pension fund signs up to new SVP distressed debt fund
New York State Common Retirement Fund has made a $150 million commitment to distressed debt specialist Strategic Value Partners, board documentations reveal 

Madrid manager holds €50 million first close for sponsorless lending fund
Sponsorless investing proves popular with investors, as Trea holds a €50 million first close for its second direct lending fund - two months after launching 

Asset manager launches $150 million private credit fund
Commonfund Asset Management, an asset manager for non-profit organisations, has launched a new private credit fund with a $150 million target size, US SEC filings reveal