European direct lender seeks €2.5 billion for new Luxembourg-based debt fund
London-based direct lender Pemberton is launching a new debt fund that will invest in mid-market European companies, Creditflux has learned

Chicago manager holds initial close for $1 billion private credit fund
Monroe Capital has held a $348 million initial close for its third private credit fund, which has a $1 billion hard cap, market sources say

Blackstone's GSO launches second credit alpha fund
GSO Capital Partners has launched its second Credit Alpha Fund, US SEC filings indicate

Manager launches eighth European leveraged loan fund with €300 million target
SCOR Investment Partners and private equity firm LBO France have partnered to launch a European leveraged loan fund seeking €300 million in capital commitments

Tree Line promotes MD to partner amid expansion of direct lending platform
Tree Line has promoted private credit specialist Frank Cupido to partner

Ares and Varagon expand direct lending JV to $6.4 billion
Ares Capital and Varagon have expanded their joint venture’s investment capacity by $3.5 billion

Hong Kong manager holds initial close for China credit fund at $350 million
Dignari Capital Partners has held an initial close for its second China-focused credit fund at $350 million, Creditflux has learned

Energy PE firm Orion closes second credit opps fund at $816 million
Orion Energy Partners, a private equity firm providing capital solutions to mid-market energy infrastructure businesses, has closed its second credit opportunity fund at $816 million

Virginia pension fund cuts Oaktree high yield account
Virginia Retirement System (VRS) has terminated Oaktree as a high yield debt manager, Creditflux has learnt

KKR considers switching from partnership to corporation
Global investment firm KKR is considering a change to its legal structure, with the firm’s senior management and board of directors currently evaluating whether to convert from a partnership to a corporation, or C-corp

Carlyle group's solid Q4 results include $1.7 billion of global credit fundraising
The firm’s fourth quarter global credit fundraising of $1.7 billion included four CLOs, follow-on closes in their new private BDCs, structured credit fund, and managed accounts

Aberdeen Standard Investments launches global private markets fund
Aberdeen Standard Investments has launched a £138 million Global Private Markets Fund (GPMF), which will invest in a diversified mix of private credit, private equity, real estate and infrastructure

Texas pension fund commits $100 million to distressed debt fund
Texas County and District Retirement System has committed $100 million to a Connecticut-based fund manager

German bank supports South African renewable energy debt fund
KFW Development Bank and Rand Merchant Bank (RMB) have launched a South African small-scale renewables debt fund, which held its first close 

BNPP AM establishes two new private debt strategies
BNP Paribas Asset Management establishes two new private debt strategies: European Infra Debt and European Real Estate Debt

Middle-market lender to debut $1.5 billion special situations credit fund
Chicago-based Monroe Capital is launching a special situations credit fund with a $1 billion target size, according to market sources

HSBC announces $550 million second close for diversified loan fund
HSBC Alternative Investments has announced the second close of its diversified loan fund, which will combine both loan investing and direct lending

ICG increases fundraising goal as direct lending funds near full deployment
London-based Intermediate Capital Group has increased its fundraising target to €6 billion per year on a rolling three-year basis

Arizona pension fund looks to commit up to $250 million to direct lending
Arizona Public Safety Retirement System (Psprs) is considering investing up to $250 million in direct lending, according to investment board documentation dated 31 January

Alcentra launches third direct lending fund
A year on from closing its second direct lending fund, Alcentra is understood to be marketing fund three in its direct lending series

Axa IM holds €1.1 billion final close on European infrastructure debt fund
Axa Investment Managers – Real Assets (AXA IM) held a final close on its co-mingled pan-European infrastructure debt fund at over €1.1 billion, a spokesperson has confirmed

Manchester's Tosca holds £237.6 million final close for second debt fund
Tosca Debt Capital has held a final close for its second debt fund, Tosca Debt Capital Fund II, at £237.6 million ($335.6 million) 

Comvest raises $836 million for leveraged direct lending fund
Following its rebrand in November, middle-market lender Comvest Credit Partners has exceeded the $650 million target size for it fourth direct lending fund 

Bluebay poised to launch third European private debt fund
London-based Bluebay Asset Management is seeking to launch its third European private debt fund, according to media reports

West coast manager closes $1.9 billion direct lending fund
Alternative investment manager Tennenbaum Capital Partners has held a final close of its eighth direct lending fund, TCP Direct Lending Fund VIII, with more than $1.9 billion of capital commitments