ADIA invests in Oak Hill Advisors for European special situation strategy
EXCLUSIVE: Abu Dhabi’s biggest sovereign wealth fund makes “significant investment” that will provide Oak Hill Advisors flexibility financing to corporates and real assets in Europe

Tikehau raises EUR 1.2bn for European special opportunities credit
The third vintage fund held a final close, surpassing the fundraising target

Oaktree lowered its distressed debt fundraise to USD 16bn
The market and investment environment for distressed debt shifted, and investors asked whether the original target was too big.

Polus raises capital from Abu Dhabi Investment Authority for stressed credit
Polus Capital Management secures commitment from Abu Dhabi Investment Authority that takes the firm's special-situtation strategy to USD 5bn

European credit specialist Sona raises USD 800m, exceeds expectations
European credit specialist Sona Asset Management held a final close of its Capital Solutions II fund

Funds round up: May 2024
The demand for SRT strategies and special situations funds are on the uptick, as is the demand for managers and funds outside of North America. 

Avenue Capital raises billion dollar European special situations fund
New York-headquartered Avenue Capital Group held the final close of a new European special situations fund with more than USD 1bn in commitments

Benefit Street closes USD 850m special situations fund
Benefit Street Partners held the final close of an upper middle market focused special situations fund with roughly USD 850m

Funds round up: April 2024
Allocations to private credit and new fund launches continued to roll out in April, as our monthly round-up confirms

Pension fund backs Apollo with $200 million for new European credit fund
Apollo Global Management is looking to raise around $3.5 billion for a new credit fund which will look to purchase non-core assets off the books of European banks