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”

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

Top macro credit PM will fly solo with fund launch
A new credit investment firm could soon be in the offing, following the departure of Alberto Gallo from Algebris Investments in April, suggest market sources

17Capital raises '‘largest debut private credit fund' since 2009
17Capital has closed what it claims is the ‘largest debut private credit fund raised globally since 2009’ as its inaugural NAV lending private credit fund hit its €2.6 billion hard cap. The fund's carried interest is also tied to a charity pledge

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

LP round up: Oak Hill wins $3bn mandate as credit allocations near $10bn in March
Institutional investors revealed over $9.5 billion of allocations to credit funds in March. Oak Hill Advisors walked away with the largest mandate, as US heavyweight pension Calpers allocated a whopping $3 billion across several of its funds

Carlyle hits $4.6 billion hard cap on second global credit opps fund
With leverage, Carlyle Credit Opportunities Fund II has around $6 billion of capital to deploy

Western unveils Article 8 global corporate bond fund targeting carbon reduction
Western Asset has launched a sustainable global corporate bond fund Western Asset Sustainable Global Corporate Bond Fund, which it says will give investors access to a portfolio targeting carbon reduction

Crestline collects $3.6 billion across three private credit fund closes
The Fort Worth, Texas-based manager has closed its fourth opportunistic credit fund, third direct lending fund and second portfolio financing fund

UBP targets sovereign local-currency bonds with Article 8 strategy
Union Bancaire Privée has launched an ESG sovereign local-currency debt strategy, which meets the requirements of Article 8 of the EU’s Sustainable Finance Disclosure Regulation

LP round up: Fidelity wins big, Pacific retains loan mandate, pensions eye distressed
The month also included one CLO fund commitment, one high yield manager search, one finalised US loans mandate and one $400 million multi-sector fixed income managed account mandate

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

AlbaCore launches carbon conscious investing credit strategy
The firm claims it is the "first European private market solution to provide line-by-line greenhouse gas reporting for a corporate credit portfolio"

PGIM raises $2.4 billion for inaugural direct lending fund
PGIM Private Capital held a final close on its inaugural direct lending fund, PGIM Senior Loan Opportunities I

Infrastructure manager targets €1 billion for eclectic mix of project finance debt and SRTs
A Copenhagen-based firm is launching its first credit fund and has partnered with an SRT specialist in London for a component of its potential €1 billion offering  

Coller closes $1.4 billion private credit secondaries fund
Coller has nearly doubled the target size of its inaugural private credit secondaries fund, Coller Credit Opportunities I

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