New England pension to invest $100 million in new Tennenbaum fund
The Maine Public Employees Retirement System (MainePERS) plans to invest up to $100 million in the upcoming Tennenbaum direct lending fund

Steadfast-Alcentra fund commences operations and plans new share offerings
A new Steadfast credit fund managed by Alcentra has admitted its first shareholders and is seeking to expand its share class offerings, filings show.

Permira seeks to grow its direct lending AUM with new managed account
Permira Debt Managers (PDM) has launched a new managed account, which is understood to be geared towards direct lending

Thoma Bravo markets its debut credit fund
Private equity firms continue to be drawn towards opportunities in the credit markets. This time its Thoma Bravo, with the US firm seeking $750 million for a new credit-orientated fund

Direct lender launches new fund as investors acquire a taste for restaurant loans
Institutional investors are hungry for niche direct lending strategies it seems with CapitalSpring announcing that it has raised $725 million for a fund that will invest in the restaurant industry. Creditflux data shows that some of the largest direct lenders have between them raised $9.1 billion in recent months

Direct lending growth spurs Ares's AUM above $100 billion
Yet again credit and, more specifically, direct lending is proving to be the driving force behind Ares Management’s growth

Carlyle raises $1 billion for credit opps and structured credit funds
Carlyle Group’s has reiterated over the last several months that it sees huge potential in the credit market, and it is now experiencing joy on the fundraising trail

Monroe moves into special situations credit after hiring from Melody
US middle-market lender Monroe Capital is expanding into special situations credit

Time-saving hedge fund platforms stop opportunities evaporating
Lengthy commitment periods and drawn-out negotiations between institutional investors and fund managers could be a thing of the past thanks to a wave of multi-manager hedge fund platforms

Oaktree finds space for structured credit in new global credit fund
Oaktree Capital Management has shed some light on its eagerly-awaited push into the structured credit market

KKR Credit's upcoming direct lending fund surpasses $600 million
Fundraising for direct lending strategies is firmly on the agenda at KKR

BlueBay closes senior-only European debt fund at €3 billion
BlueBay Asset Management has announced that it is held a final close on a €3 billion European direct lending fund

Barings goes global with new mid-market strategy after rapid fund raise
Barings says that it has raised $1.3 billion for a new middle-market credit fund after less than six months on the marketing trail

Angelo Gordon raises its second direct lending fund in two years
Twin Brook Capital Partners has announced the final close on its second direct lending fund at $1.6 billion. Taking into account related managed accounts, the Angelo Gordon subsidiary has raised $2.3 billion for the strategy

Abraaj steps up fundraising for new $500 million global credit fund
The International Finance Corporation is looking to make a $20 million allocation to a new credit fund being launched by Abraaj Group

BlackRock raises UK fund with large private credit allocation
BlackRock has announced the first close of an alternatives fund with a large allocation to private credit

Michigan pension goes back for more of manager's direct lending fund
The State of Michigan Retirement Systems made a secondary purchase of a US direct lending fund

Crestline targets low-teen returns for direct lending follow-up
Texas-based alternatives manager Crestline Investors has begun marketing its second mid market fund, according to documents seen by Creditflux

Cerberus outlines CLO-based mid-market financing strategy
Cerberus claims not to be a CLO manager (not in the traditional sense anyway), but the firm is targeting two more mid-market CLOs this year

Private credit manager eyes merger amid tough fundraising conditions
A direct lender operating a in one of the sparsely-populated parts of the market is open to a strategic partnership with a fund manager after scrapping a fund launch 

HIG raises new fund as head reveals secret sauce in direct loan origination
HIG WhiteHorse has announced that it has closed its debut direct lending fund, the HIG WhiteHorse Direct Lending Fund, after making a big push into the strategy last year

Pemberton to take flexible approach with new direct lending strategy
Direct lender Pemberton will have the ability to provide junior financing to performing companies as part of a new initiative

Hayfin raises €2.2 billion for special opportunities strategy
Hayfin Capital Management yesterday announced that it has completed fundraising for its new special opportunities strategy

Permira holds final close on direct lending fund after attracting new investors
Over half the investors in Permira's new direct lending fund are new relationships with manager revealing that PCS 3 has reached €2.1 billion including leverage

Credit manager HPS pulls in capital for new loan fund
HPS Investment Partners, the former Highbridge Capital Management, has begun to raise a new loan fund