North American private credit fundraising tumbles, ceding ground to global strategies—S&P Global
While fundraising boomed for European and multi-region private credit strategies, private credit focused on North America dropped 13% year-over-year

BlackRock HPS readies latest opportunistic direct lending fund
The predecessor fund in the series, Specialty Loan Fund VI, had raised more than USD 21bn

Manulife Comvest raises USD 5.4bn for North American direct lending
This fund close comes after Manulife Financial Corporation acquired 75% of Comvest Credit Partners in November

GoldenTree hits USD 2.75bn hard cap for sophomore private credit fund
The firm’s employees and partners committed USD 50m to the fund, the company announced

Colbeck raises initial USD 400m for new senior direct lending effort
The USD 400m was raised from third-party investors and will be used to invest in deals across North America and select international jurisdictions, a source familiar told Creditflux

Ares's latest Pathfinder fundraise exceeds cap by USD 1bn as demand shifts to ABF
EXCLUSIVE: The latest USD 8.5bn Pathfinder III fund, which closed in just six months, originally had a hard cap of USD 7.5bn, Ares told Creditflux

Ares raises USD 8.5bn for alternative credit in under six months
Pathfinder III, which held a final close, was oversubscribed and will focus on asset-based finance investments

Crescent raises USD 10.8bn for direct lending, targeting lower mid-market
The firm’s fourth US direct lending fund was oversubscribed and exceeded its target by more than USD 2.5bn

Eurazeo closes its largest ever direct lending fund with EUR 3.9bn raised
Eurazeo Private Debt VII raised EUR 3.9bn at closing, exceeding its EUR 3bn target

Growing private-equity, private-credit fund sizes threaten IRR—Texas TRS
EXCLUSIVE: The US pension giant told Creditflux that it wishes both private equity and private credit managers would raise smaller funds and focus on returns rather than AUM growth 

Barings raises more than USD 19bn for global direct lending strategy
The firm raised capital from institutional, insurance and private wealth investors globally

Antares raises USD 8.5bn for senior direct lending
The alternative credit manager held a final close for its third Senior Loan Fund after raising capital from new and existing investors

Brookfield-backed Primary Wave raises USD 2.2bn for music royalties fund
Brookfield Asset Management, which holds a minority stake in the firm, contributed to the latest fundraising effort, a source familiar told Creditflux

Silver Rock Capital Partners corrals USD 4bn for private capital solutions strategy
The firm closed on more than USD 4bn for its latest Tactical Allocation Strategy vintage, which will invest in private corporate and real-asset debt across the credit cycle

Apogem eyes leading role with its largest secondaries fund yet
Fund VII closed on USD 1.43bn in March; predecessor closed on USD 600m in 2022

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

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

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

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

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

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