Direct lenders flock to Munich as German deal flow picks up
German private debt is attracting a growing number of fund managers. Market sources say that deal flow through the first half of the year was at 65% of 2017’s total and had surpassed the number of private debt deals executed by funds in each of the previous five years

Axiom puts tranches at core of push into synthetic credit
Axiom Alternative Investments is set to target both index and bespoke tranches with the launch of Axiom Synthetic Credit Opportunity Fund.

Alaska pension fund puts $123 million to work following $1 billion credit platform launch
Alaska Permanent Fund Corporation (APFC) has made a $123.3 million commitment to a European direct lending fund

Kommunalkredit builds €190 million first close for infrastructure debt fund
The fund anticipates to hold a final €250million close before year end

M&G targets £250 million for UK-listed multi-strategy credit fund
M&G is targeting £250 million (£328.6 million) for a new closed-end investment trust, which will be listed in the UK

Laxfield increases size of UK debt fund to £750 million
Laxfield Capital, a UK-based real estate debt firm, has upsized the size of its real estate debt fund Laxfield LLP to £750 million ($986 million)

BlackRock becomes latest manager to explore interval fund structure for credit
Several managers have hit the market with the interval fund structure, as investors look to invest in illiquid strategies through an illiquid fund structure

Four private credit managers score as Arizona pension fund commits $250 million
The $9.78 billion pension fund has mandated nearly $250 million to four private credit managers, alongside additional commitments for co-investment opportunities 

Louisiana pension fund assigns $200 million to DoubleLine and GoldenTree
Louisiana State Employees' Retirement System has allocated to distressed debt and mortgage credit funds run by two experienced asset managers

Fund of funds manager holds €51 million first close for direct lending strategy
A European fund of funds manager has held a first close on a new vehicle which will back SME direct lending funds

Former European Capital team raises $725 million for new direct lending fund
LGT Capital Partners has raised at least $725 million for a private debt fund, following the acquisition of private debt manager European Capital Partners from Ares Management in March last year

Vanguard plans global credit bond fund launch for US investors
Vanguard’s $1.3 trillion fixed income group is looking towards a US-domiciled global credit bond fund in the fourth quarter this year, following the Ucits version it launched last year 

KKR and Schroders back €1 billion Dutch direct lending fund
Neos, a Dutch direct lending firm, has held a €1 billion close on its Dutch and German direct lending joint venture

London-based direct lender wins as San Francisco pension fund deploys into private credit
A Californian pension fund has mandated $60 million to a strategic credit fund, as part of its private debt pacing plan to deploy up to $750 million to private debt annually

BlackRock unveils ESG-focused emerging market debt suite
BlackRock has launched a series of emerging market debt funds that will have an environmental,social and governance (ESG) focus

Cheyne holds £600 million final close for opportunistic real estate debt fund
Cheyne Capital Management has held a £600 million ($800 million) final close for its fifth opportunistic real estate debt fund, the firm has announced

Spanish direct lender targets final close on debut fund
Spanish direct lender Resilience Partners is targeting a February 2019 final close for Resilience Partners Fund I, Creditflux has learnt

Fortress ABS fund surpasses $450 million
New York-headquartered Fortress Investment Group has raised just over $450 million for its asset-based credit fund

Cheyne more than doubles assets for credit fund in five months
Cheyne Capital has more than doubled assets for Cheyne Total Return Credit Fund December 2023 – in the space of just five months

Beechbrook eyes sponsorless opportunities with new UK SME credit fund
London-headquartered Beechbrook Capital is looking to launch its second UK SME credit fund, Luxembourg filings reveal

CLO Ucits funds take off despite investment limits
CLO investors are swarming over the Ucits fund market, despite the obvious regulatory headwinds and stringent liquidity requirements associated with these structures

BlueArc brings in nearly $70 million for global private credit fund
At least 100 investors have backed the BlueArc Global Private Credit Opportunity Fund, managed by Atlanta-based BlueArc Capital 

GAM launches new commercial real estate debt fund
Zurich-headquartered GAM Investments has launched of a new commercial real estate debt fund, the firm announced today

Oaktree raises new special situations fund while CIO warns of direct lending risk
Oaktree Capital Management has released its second quarter 2018 results in which the Los Angeles-based firm reported $2.4 billion of new capital commitments in the quarter

Direct lender Green Arrow adds two strings to its bow with new funds
Green Arrow Capital, which recently acquired Italian private equity house Quadrivio, is nearing a final close for two funds, sources say.