Captive equity is still an option as Carlyle raises fund
Despite predictions of poor returns, captive equity funds can still be raised. The latest manager to hit the market is Carlyle Group, the world’s largest CLO manager according to our 3Q23 Creditflux rankings. According to market sources, Carlyle is raising a half-billion-dollar equity fund, which is expected to be complete by the end of the year.

BNP Paribas launches climate impact infrastructure debt fund
BNP Paribas Asset Management has launched the BNP Paribas Climate Impact Infrastructure Debt fund as interest in impact investing and ESG-related causes continues to grow around the world

Amundi launches impact strategy aiming at agri
European asset manager Amundi has launched an impact investing strategy dubbed Amundi Ambition Agri-Agro Direct Lending Europe, with the intent of preserving natural resources and ensuring food sovereignty.

Eurazeo closes direct lending fund at EUR 2.3bn
The new direct lending fund's strategy entails investing in non-cyclical European small and medium-sized enterprises with valuations between EUR 30m and EUR 300m.  

M&G launches first European private credit fund
M&G Investments is the latest firm looking to individual investors as an avenue for fundraising with the launch of a new ELTIF, dubbed the M&G Corporate Credit Opportunities Fund

Brookfield infra debt fund beats fundraise target
Brookfield Asset Management has held an above-target final close for its third infrastructure debt fund, in a sign of strong appetite for debt in contrast to tough fundraising conditions in infrastructure equity

European manager has first close of EUR 300m credit opportunities fund
European credit hedge fund Ironshield Capital Management has revealed the first close of a EUR 300m capacity distressed fund

BlackRock raises EUR 1.25bn for venture debt fund
BlackRock-owned Kreos Capital held the final close on the Kreos Capital VII fund with commitments of EUR 1.25 billion

Oak Hill raises USD 2.3bn for distressed fund
Oak Hill Advisors secured USD 2.3bn in equity commitments during the final close of its distressed investment fund, the OHA Strategic Credit Fund III

CIP hits final close for first debt fund
Copenhagen Infrastructure Partners has raised EUR 1.2bn in a final close of its inaugural renewable energy debt strategy

Ares launches direct lending fund targeting retail investors in Europe and Asia
The new Ares European Strategic Income Fund is part of a growing string of credit options catered to wealthy individuals

Credit impact fund surpasses $100 million target close
The fund targets companies that support social and environmental causes in Africa, Asia and the Americas

Private equity firm raises USD 750 million for private credit
British-based private equity firm Apax Partners has raised USD 750m for the first generation of its Apax Credit Funds

RiverRock secures €153 million in commitments for new senior loan fund

RiverRock sets €1 billion commitment target for latest fund, nearly double the size of its previous vintage

BlackRock eyes next infra debt fund
BlackRock Alternatives is looking to launch a second global infrastructure debt fund, shortly after the departure of its European head of debt

Hayfin secures its largest private credit fundraise to date with €6 billion in commitments
Hayfin's latest private credit fundraise exceeds target goals, securing more than €6 billion in capital commitments

Neuberger Berman secures £2 billion mandate for credit fund
One of the UK's largest pension funds has awarded Neuberger Berman a £2 billion mandate for credit

Australia's largest super fund beefs up international team
Australia's largest pension fund is is growing its team across other geographies in an effort to increase its international presence

European direct lender launches third fund
European asset manager Bridgepoint has closed its third direct lending fund, BDL III, with investable capital of over €3.4 billion according to a company announcement. 

Credit funds at a glance
Fund performance, fund raising and LP commitments

CVC closes third captive equity fund
CVC Credit has announced the final close of its latest captive equity fund, CVC CLO Equity III, with a mammoth $800 million of commitments.

Berenberg closes its fourth debt fund in the renewable energy space
Berenberg is continuing to raise money in the renewable energy debt sector, with the German bank working alongside BayernInvest Luxembourg to close its fourth debt fund in the space.

Permira raises €4.2 billion for direct lending fund
Permira Credit has completed the latest round of fundraising for its fifth direct lending fund, Permira Credit Solutions Fund V

HSBC AM launches new vintage for direct lending strategy
HSBC Asset Management (HSBC AM) has announced the launch of the second vintage of its senior UK direct lending strategy. 

HPS announces close for second core senior lending fund
HPS Investment Partners has closed its second Core Senior Lending Fund known as CSL II with around $10 billion of capital to invest