BNPP AM produces its own Novo loan fund to target French mid market firms
BNP Paribas Asset Management has launched a new business loan fund, BNP Paribas Novo 2018, backed by the French Insurance Federation and French public sector investment fund.  

Ares targets €4.5 billion for fourth European direct lending fund
Los Angeles based Ares Capital Management has launched its fourth European direct lending fund, Ares Capital Europe IV, with a €4.5 billion target size, SEC filings show

US pension fund backs ICG's global mid market offerings
London-based Intermediate Capital Group has won further commitments from US pension funds for middle market credit investing

Tikehau raises over €200 million for French loan fund
Paris-based Tikehau has launched its latest Novo fund, which is endorsed by the French Insurance Federation

Capitala goes perma-cap route as it raises $1 billion for direct lending
Charlotte-based Capitala Group has successfully raised $1 billion for its latest private debt venture - Capitala Specialty Lending Corp

New Hampshire pension agrees $50 million investment in direct lending
New Hampshire Retirement System (NHRS) has committed $50 million to a Chicago-based direct lender

New York pension commits €200 million to ICG across two mid market funds
ICG has won a €200 million golden ticket for two of its mid market funds: ICG North American Private Debt Fund II and ICG Europe Fund VII

Zencap looks to raise €200 million for its third infra debt fund
French alternative investment boutique Zencap Asset Management is launching its third senior infra debt fund with a €200 million first close target, the firm announced on Friday.

Manager raises €300 million for agriculture-focused credit fund
Paris-headquartered fund manager Céréa Partenaire has held a €300 million first close for its second debt fund, less than seven months after fundraising began

New York pension fund allocates $400 million to two private debt funds
New York State Common Retirement Fund has awarded $400 million to two private debt managers: GSO and Vista Equity Partners, Creditflux has learned

Former BlueBay team raise €280 million for debut credit fund
Dublin-headquartered DunPort Capital Management has announced a close for its credit fund, Elm Corporate Credit fund, with €280 million capital commitments

GoldenTree, KKR and StepStone earn sub-advisor roles for new interval fund
FS Investments is launching a multi-strategy interval fund and has chosen GoldenTree Asset Management, KKR Credit and StepStone Group to act as sub-advisors

Boston firm raises $75 million for latest private credit fund
$18 billion manager follows up 2015 fund that now has $352 million in assets

German firm holds first close of direct lending fund at €300 million
Frankfurt-based Rantum Capital has launched a second subordinated loan fund, a direct lending strategy called Rantum Private Debt Fund II

Missouri pension fund selects Brightwood and Monroe for private debt mandate
The St Louis Public School Retirement System has committed $22 million to private debt, according to board documents seen by Creditflux

AlbaCore closes debut direct lending fund at €1.5 billion
AlbaCore Capital has held a successful final close of its debut fund, AlbaCore Partners I, at €1.458 ($1.79) billion. The fund exceeded its €1 billion target, the firm announced on Thursday

Patrimonium joins forces with Credit Suisse for unique private credit fund
Direct lender Patrimonium Asset Management has teamed up with Credit Suisse to launch a new fund that will invest in corporate loans

BlackRock raising $2.5 billion for direct lending fund: report
BlackRock is seeking to raise $2.5 billion for a private credit fund – and has already hit the $1.5 billion mark in sales, according to a Bloomberg report

New Hampshire pension makes $50 million commitment to direct lending
The New Hampshire Retirement System has approved a $50 million commitment to BlueBay’s Direct Lending Fund III (USD unlevered), according to documents seen by Creditflux

Ohio pension backs BlackRock multi-asset and BlueBay direct lending funds
BlackRock and BlueBay have each won commitments from a $14.7 billion Ohio pension fund

London direct lender hits $100 million in sales for direct lending fund
UK direct lending firm Prestige Funds has raised more than $100 million for its Luxembourg-domiciled direct lending fund, Commercial Finance Opportunities

UBS AM debuts second infra debt fund with €448 million raised to date
UBS Asset Management has launched its second infrastructure debt fund, having raised €448.4 million in seed commitments from initial investors for the vehicle

Private equity firm hits target size with $170 million for its first credit fund
Technology-focused private equity firm Accel-KKR has raised $170 million – and hit the total offering amount – for its series 1 Credit Partners fund, which appears to be a direct lending strategy

Share issue brings in £20 million for European direct lender
Hadrian’s Wall, which invests in SME businesses in the UK, has raised £20.1 ($28) million from investors through a C-share issue

Pennsylvania pension fund to commit €150 million to direct lending
The Public School Employees’ Retirement Board has recommended a €150 million investment in Intermediate Capital Group's ICG Europe VII fund