CVC secures €6.3 billion for third European direct lending strategy
CVC Credit has smashed past its €2 billion target and closed its third European direct lending strategy, CVC Credit Partners European Direct Lending Fund III, at €6.3 billion. That figure includes parallel investment vehicles and managed accounts. 

US manager becomes latest to register triple A CLO ETF
The manager joins the likes of BlackRock, PineBridge and VanEck, Janus Henderson and AXS to use exchange traded funds to invest in CLO tranches

Pictet hires private credit heads for France and Dach as it plots 2023 fund launch
Pictet Asset Management has expanded its new private credit team with several hires, including heads of private debt for France and Germany.

BlackRock launches impact bond fund
BlackRock has launched a fixed income fund focused on green, social, and sustainable bonds as well as ‘impact’ MBS and municipal investments

Golding collects €75 million on first close of inaugural private credit co-investment fund
Golding Private Debt Co-Investment 2021 has a €200 million target and plans to hold a final close in the second half of 2023

Beechbrook holds £170 million second close on direct lending fund
Beechbrook Capital has held a £170 million second close on its third UK lower mid-market direct lending strategy

Ardian closes €5 billion European direct lending fund
Ardian has closed its fifth mid-market European direct lending strategy with €5 billion capital commitments, exceeding its €4 billion target

Castlelake secures $782 million for credit fund
Castlelake Income Opportunities II will invest in areas including European commercial real estate, transitional bridge lending in North America, specialty finance and secured aviation related lending

LP round up: two managers terminated as 20 win $2.5 billion
US institutional investors allocated over $2.5 billion to 20 credit managers in October, according to documents seen by Creditflux. Two credit fund managers however were terminated in the month

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

Pimco targets up to $5 billion for flexible credit fund
The fund will invest across capital solutions, distressed and stressed opportunities, and idiosyncratic positions

Pemberton launches second senior loans fund
Pemberton Asset Management is launching a successor European senior loans fund, having registered Pemberton Senior Loans GP II with Luxembourg regulators in October

Sona rolls out event-driven and bespoke financing fund to US investors
Sona Asset Management is courting investors in the US for its second capital solutions strategy, having filed an offering of the fund with the Securities & Exchange Commission

BNP Paribas and LFIS join forces on QIS fund
BNP Paribas’ quantitative investment strategies unit has partnered with LFIS Capital for a market neutral fund

Axa IM and InPact close €395m global revolving credit facility fund
AXA Investment Managers and InPact Partners have closed their second vintage revolving credit facilities fund, RCF II, with over €395 million in capital commitments

Aeon prepares for series of UK CRE CLOs after signing £900m warehouse
Aeon Investments has closed a £900 million (€1,025 million) CRE CLO warehouse, which it says is backed by three loans

Infra specialist makes first SRT investment
An affiliate of Nuveen says it has invested in an SRT for the first time

DWS hires regional heads for direct lending business
DWS Group has unveiled two senior appointments to it European direct lending team

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

   

Boutique London asset manager launches open-ended direct lending fund
Stafford Capital Partners has launched an open-ended direct lending and speciality finance fund

LP round up: $2.7bn flows to 20 credit managers as investors battle PE overallocation
Investors faced huge headwinds in September with inflation, rising interest rates, and geopolitical turmoil, alongside the UK gilts sell-off at month end

Glennmont raises €250m for renewable energy credit fund
Glennmont Partners has raised €250 million for a fund that will invest in renewable energy and sustainable infrastructure

GoldenTree hits $3bn hard cap on distressed debt fund
GoldenTree Asset Management says it has closed its latest distressed debt fund, Distressed Fund IV, at its $3 billion hard cap

Capital Four closes €1.5bn direct lending fund 'more than 90%' deployed and launches successor
Capital Four had collected €1.5 billion on a final close of its third senior private debt fund, Capital Four Private Debt III – Senior, exceeding its initial €1 billion target

Nomura readies multi-strat credit interval fund launch
Nomura Private Capital is readying the launch of a new, closed-ended interval fund which will invest across the credit spectrum - including bonds, loans, CLOs, distressed debt emerging market debt