Invesco holds final closed for distressed fund at $644 million
Invesco has made a final close of its global distressed credit and special sitiations fund known as Invesco Credit Partners Fund II

BlackRock closes £1.7 billion private debt fund with wide mandate for UK pensions
The firm has deployed around 60% of the fund, which invests across US and European direct lending, US and European real estate debt and the firm’s global opportunistic strategy

Credit PM pair seek galaxy of opportunities with long/short fund manager launch
Two experienced portfolio managers have set up a new venture to take advantage of volatile markets

Five credit managers win nearly $1 billion from UK pension pool
Five private credit funds emerged as winners after UK pension pool Border to Coast revealed $1 billion in a wide variety of private credit commitments

Monroe goes on fundraising trail for second opportunistic private credit fund
Monroe Capital has incorporated vehicles for its second opportunistic private credit fund, just two months after closing its inaugural fund, according to regulatory filings

CSAM closes inaugural global direct lending fund with $3bn deployable capital
Credit Suisse Asset Management has held a final close of its inaugural private credit opportunities fund at $1.67 billion. With leverage, the fund will have ‘in excess of $3 billion’ to deploy

Algebris adds second PM in two months to credit opportunities team
Algebris Investments has hired a co-portfolio manager for its Global Credit Opportunities strategies

Calamos and Aksia eye CLOs as part of new multi-credit interval fund
Calamos Advisors and Aksia have teamed up to launch a closed-ended interval fund that can invest across several areas of credit

Apera raises €1.27 billion for second European private debt fund
European mid-market direct lender Apera exceeded an initial €800 million target for the vehicle

Credit funds at a glance (June 2022)
A round up of fundraising and people moves in credit  

Barings closes European private credit fund at €7 billion
Barings says it has raised €7 billion for European Private Loan Fund and related vehicles, having deployed €6 billion into 80 transactions of the last 18 months

LP round up: 28 credit managers win $6.6 billion as San Diego carves private credit allocation
Pensions allocated over $6.6 billion to credit managers in June including Angelo Gordon, Antares, Apollo, Ares, Beach Point, BioPharma, Brookfield, CarVal, Cerberus...

USS makes ABS breakthrough with £1 billion-plus mandate
USS says it has launched its first ABS mandate which is “likely to exceed £1 billion {$1.2 billion]” over the next couple of years

Private fund All Seas builds momentum with third investment
All Seas Capital – the direct lender launched by former KKR executives in 2019 – has signed its third direct lending investment

JP Morgan AM targets global special situations after $2.4 billion raise
JP Morgan Asset Management says it has raised $2.4 billion for Lynstone Special Situations Fund II to invest in stressed, distressed and event driven situations

Leucadia seeds European distressed and credit opps firm Pearlstone
New opportunistic credit firm Pearlstone Alternative has received backing from Leucadia Asset Management in the form of seed capital and distribution services

Credit funds at a glance (June 2022)
A round up of fundraising and people moves in credit
 
   

EIF back's Irish direct lender's €335 million fund
The European Investment Fund has made its first 'diversified' debt fund investment in Ireland after allocating €70 million to DunPort Capital Management’s Oak Corporate Credit DAC

Nuveen targets €500 million for inaugural pan-European real estate debt fund
Nuveen has made a first close on its fourth commercial real estate debt fund, expanding its geographical focus for the latest series from a UK-focused only to a pan-European strategy

Pantheon exceeds $500 million target for second private debt secondaries fund
Pantheon has held a final close of its second private debt secondaries fund, Pantheon Senior Debt II, at $834 million

HSBC raises $1 billion for UK direct lending
The strategy was launched in early 2021 as part of the firm’s ambition to grow its alternatives capabilities

Chenavari takes three-pronged approach with new specialty finance fund
Chenavari has raised capital for a specialty finance fund, officials at the company have confimed to Creditflux. The fund, the firm’s latest vintage private credit strategy, launched in February

La Banque Postale launches first infra debt fund "of its kind" with Article 9 offering
La Banque Postale Asset Management has raised €270 million as part of the first close of  LBPAM Infrastructure Debt Climate Impact Fund, which is an Article 9-aligned fund under the Sustainable Finance Development Regulations

LP round up: Apollo and Silver Rock win over $1 billion as pensions plough into private debt
Institutional investors allocated at least $2 billion to credit funds in April, according to Creditflux data, with Apollo and Silver Rock emerging as big winners

Muzinich targets high income with new flexible credit fund
Muzinich & Co has launched Muzinich Dynamic Credit Income Fund, which it says is “designed for investors seeking outperformance in rising credit markets without taking excessive risks”