Monroe hires ex-Nuveen senior MD for head of capital formation
The new hire will lead Monroe’s fundraising strategy in the Americas

Seven managers make up 90% of private credit fundraising – Morningstar
Over the last five years, Apollo alone accounted for 29% of all capital raised for private credit

Investcorp passes halfway mark on second GP stakes fund
EXCLUSIVE: USD 600m raised to date against USD 1bn target of a strategy that was launched in 2019 and focuses on mid-market

Virginia, New Mexico among pension systems making new private credit commitments
Virginia Retirement System allocates USD 500m under credit strategies portfolio, while New Mexico State Investment Council allocates USD 250m to Fortress Investment Group and Indiana Public Retirement System commits USD 200m to HPS

FS Investments readies opportunistic credit fund, targets USD 750m
EXCLUSIVE: The vehicle, which will be the second opportunistic fund from FS, is set to launch in the third quarter of this year

New York, Texas among pension systems taking new private credit actions
New York State Common Retirement Fund commits over USD 700m to ICG strategies, while Texas, DC, Los Angeles pension funds also disclose recent private credit investments

Arena raises more than USD 1bn for multi-strategy credit
The firm held a final close for its latest flagship fund

Connecticut, San Francisco among funds making new private credit moves – Public Pensions, Private Pursuits
EXCLUSIVE: Connecticut plans commitment to Anchorage Capital distressed credit funds; San Francisco, North Dakota, and Dallas funds disclose recent commitments

JPMorgan’s asset management arm seeks to raise direct lending fund
EXCLUSIVE: The asset management unit is raising capital from institutional investors for direct lending as the bank steps up lending from its balance sheet.

Apollo raises USD 8.5bn for opportunistic credit
The fundraise includes commitments for Accord+ Fund II as well as for separately managed accounts and other related vehicles

DE Shaw closes USD 1.3bn private credit fund to back risk transfers, capital relief
The sophomore Diopter II fund will fund investments related to capital relief, risk transfer, risk sharing and other transactions by financial institutions

Apera secures EUR 2.9bn for European lower middle market lending
The fundraise for Apera Private Debt Fund III is double the size of its predecessor vehicle

Sculptor raises USD 900m for maiden tactical private credit fund
The “all-weather” fund originally launched in 2021, according to a filing

Wyoming, Texas among state systems making new private credit commitments – Public Pensions, Private Pursuits
Wyoming invests USD 300m in TPG AG and Kennedy Lewis private credit funds, and Texas pension system invests USD 250m in Penfund, SKY Leasing direct lending funds

Crayhill raises USD 1.31bn for opportunistic asset-based finance
The firm has already deployed 75% of its latest fund

Carlyle’s AlpInvest raises USD 3.2bn in financing for private funds, GPs
The firm’s new AlpInvest Strategic Portfolio Finance Fund II will provide financing to private equity funds, GPs and LPs as well as private credit secondaries investments

Pantheon raises USD 5.2bn for senior debt secondaries
The latest fund, Pantheon Senior Debt III, was oversubscribed as interest from the insurance channel grows

Massachusetts, midwest pensions disclose recent private credit moves – Public Pensions, Private Pursuits
ANALYSIS: Massachusetts, Michigan pensions reveal private credit investments totaling USD 225m, Illinois Municipal Retirement Fund commits USD 50m to Pemberton   

BC Partners secures USD 1.4bn for flexible, opportunistic credit
The private credit arm of the firm held a final close for its Special Opportunities Fund III

Marathon ditches distressed strategy to raise USD 2.7bn for opportunistic credit
EXCLUSIVE: The asset manager originally launched the fund with a distressed debt strategy but has since switched the focus to making opportunistic private credit and equity investments  

Private credit managers consider smaller fund targets
ANALYSIS: Some private credit managers are considering a smaller fundraise, bucking the convention of always aiming for bigger funds 

Cost of direct private credit highlighted as giant AIMCO shutters New York office

Lord Abbett looks to increase liquidity for private credit fund for individual investors
The asset manager is asking the SEC permission to offer monthly redemption opportunities to investors from the current quarterly schedule

Partners Group seeks to more than double private credit AUM
The alternative investment firm plans to grow private credit AUM to more than USD 70bn and could consider acquisitions

Banner Ridge targets USD 3.2bn for private credit secondaries
The firm will use the latest secondaries fund to buy stakes in private credit funds focused on special situations, distressed debt and opportunistic credit