Mercer zeroes in on AI exposure in GPs’ operations, portfolios and deals
EXCLUSIVE: The firm is ready to deploy its eighth flexible private market fund-of-funds, as the growing capabilities of AI cement themselves as a key factor across private market asset classes

Adams Street raises USD 7.5bn for senior direct lending
The middle market-focused alternatives firm held a close for its Private Credit III fund and is expanding its direct lending platform globally

UK pension fund taps Crescent for US direct lending mandate
UK pension fund Nest has appointed Crescent Capital to manage a GBP 450m US direct lending mandate

Ares to launch new private credit fund with USD 10bn-15bn equity target
The fund has the same equity target as its record-breaking predecessor, Ares Senior Direct Lending Fund III

Ares backs Arcmont’s USD 2.5bn private credit continuation vehicle
The vehicle acquires senior direct lending assets from Arcmont’s 2019-vintage fund and marks the largest credit secondaries transaction in Europe, according to Ares

Blackstone raises USD 10bn for oversubscribed opportunistic credit fund
The alternative asset management giant will use the fund’s flexible mandate to invest across industries, capital structures, and geographies

17Capital raises USD 7.5bn for dedicated NAV lending fund
The alternative credit firm held a final close for 17Capital Credit Fund 2, which will donate some of the earned carried interest to a nonprofit organization

JF Lehman targets over USD 3.51bn across buyout, opportunistic credit funds
Firm targets USD 2.75bn for Fund VII, USD 760m for second credit fund; inaugural opportunistic credit fund closed in 2025

Eurazeo expands evergreen push across Europe as wealth inflows rise 18%
EUR 922m in wealth inflows in 2025, up 18%; Two evergreen launches in 2025, wealth AUM now EUR 5.8bn

Cliffwater to cover just half of exit requests as private credit fund hits regulatory cap
The industry’s largest direct lending interval fund, which raised capital by removing barriers previously put on individual investors, reported redemption requests of nearly 14%.

Eagle Point raises USD 559m to lend to credit funds
The Eagle Point Defensive Income Fund III exceeds the initial USD 500m hard cap

Arcmont closes second capital solutions fund with EUR 1.5bn raised
The second iteration of the private credit firm’s capital solutions fund is almost double the size of its predecessor

Monroe Capital launches continuation vehicle process for Fund III loan portfolio
EXCLUSIVE: Monroe Capital is raising a continuation vehicle for a portfolio of loans originated out of its third flagship fund, according to two sources familiar with the matter; Fund III closed on USD 1.33bn in 2018

Tikehau raises more than USD 1bn for private credit secondaries
This sophomore fund doubled the size of its predecessor and closed above target

Brigade raises USD 1bn for debut private credit fund
The firm will use the fund to make first-lien loans to companies in the lower and middle market

Blue Owl raises USD 2.5bn for opportunistic alternative credit fund
The firm also said it is not negative on software lending, amid concerns that artificial intelligence may make some businesses obsolete

LBP AM raises EUR 500m for infra debt backing climate change fight
The European alternative investment firm will use the latest debt fund to invest in low-carbon or de-carbonizing infrastructure

Investec raises EUR 600m for oversubscribed private debt fund
Investec Alternative Investment Management held a final close for the sophomore Investec Private Debt Fund II, which focuses on lending in the European lower middle market

Churchill raises USD 16bn in largest capital raise to date
The total includes the closings of the fifth vintage of the firm’s flagship senior loan strategy, along with separately managed accounts

KKR raises USD 2.5bn for Asia private credit
The sophomore fund focuses on performing credit and will lend to companies across Australia, China, India, Japan, Korea, New Zealand and South Asia

Sixth Street raises EUR 7bn for European direct lending
FUND LAUNCH: The Sixth Street Specialty Lending Europe III fund held a final close at its hard cap

Ares raises USD 7.1bn for private credit secondaries
The firm held a final close for its first dedicated credit secondaries fund, doubling its initial target

Davidson Kempner raises USD 1.1bn for private ABF strategy
The firm also held a final close for its Davidson Kempner Income Fund II, the second vintage fund under this global private asset-backed debt strategy

Monroe raises USD 6.1bn for senior direct lending
The firm held a final close for its Monroe Capital Private Credit Fund V and raised additional capital from separately managed accounts

Banner Ridge hits USD 4.2bn hard cap for credit secondaries fund
The oversubscribed fund, Banner Ridge Secondary Fund VI, will acquire stakes in opportunistic credit and special situations funds