Muzinich & Co readies second Asia-focused private credit fund
EXCLUSIVE: The direct lending sophmore fund could be as large as USD 1bn

CVC closes latest European direct lending fund with EUR 10.4bn
The firm’s fourth fund, EUDL IV, has already committed to more than 30 investments

OHA closes in on USD 6bn for large cap senior direct lending fund
The open-ended fund is targeting sponsor-backed corporate borrowers with an EBTIDA greater than USD 75m, the firm previously told institutional investors

CFA warns of conflicts of interest in continuation funds
The growing popularity of continuation funds has raised questions around manager processes, the CFA Institute said

European Investment Fund backs Kartesia’s asset finance fund
The EIF has invested EUR 50m in the Flexam Invest-managed Kartesia Asset Finance III fund, bringing the fund’s commitment to almost EUR 200m.

Park Square raises EUR 4bn for junior debt strategy 
The firm’s latest fund, Park Square Capital Partners V, surpassed its initial target and is significantly larger than the EUR 2.2bn predecessor fund

Pemberton raises USD 1.7bn for NAV lending to private equity firms
The London-based private credit shop has met its fundraising target for its debut NAV Financing Core Fund I

ADIA invests in Oak Hill Advisors for European special situation strategy
EXCLUSIVE: Abu Dhabi’s biggest sovereign wealth fund makes “significant investment” that will provide Oak Hill Advisors flexibility financing to corporates and real assets in Europe

Hunter Point, Temasek take minority stake in Nuveen Private Capital
US-focused private credit manager Churchill and European direct lender Arcmont, which comprise Nuveen Private Capital, plan to launch new investment strategies.  

Park Square launches dedicated US private credit strategy
EXCLUSIVE: The London-based private credit manager is aiming to raise USD 500m to USD 750m for the debut fund

ICG raises EUR 6bn for European hybrid private debt fund
EXCLUSIVE: The private credit manager expects the fundraising figure for the flexible, corporate private debt strategy to hit EUR 7bn this autumn.

Policy changes push endowments toward private credit evergreen funds - Cerulli
EXCLUSIVE: Endowments, the fastest growing institutional investor group in the US, are grappling with increased liquidity needs

PGIM raises USD 619m to finance oil and gas companies
The fund will provide flexible private debt and structured equity to fund middle market upstream oil and gas and midstream companies in North America

Anchorage exceeds hard cap on credit opportunities fund
The firm held a final close for Anchorage Credit Opportunities Fund IX, which will invest across stressed, distressed, structured and special situations credits

BC Partners LPs roll into third unitranche-focused private debt fund
The latest Great Lakes III fund kicked off its investment period and began deploying capital on 1 August, the company said.

CVC raises USD 700m for CLO equity fund, plans new products
The European private credit manager also expects to hold a final close for its European Direct Lending Fund IV in late 3Q

HIG WhiteHorse corrals USD 5.9bn for US direct lending
The latest fund will be used to originate senior-secured loans for both sponsored and non-sponsored corporate borrowers

Sound Point scores USD 1.1bn first close for asset-based lending fund
The fund, which expects a final close by the end of the year, has already blown past its USD 1bn total target

Oak Hill Advisors raises USD 3.3bn for senior direct lending
The fund has yet to hold a final close but has already exceeded the fund’s initial target

Brookfield raises USD 16bn for credit, plans asset-based finance strategy
The firm is also planning to hold a first close for its infrastructure mezzanine debt fund

Generali Investments backs new asset-based finance strategy
Generali-affiliated Aperture Investors also hired a new global head of asset-based finance

OrbiMed raises USD 1.86bn for healthcare, royalty financing
The firm will target growing healthcare companies and provide non-dilutive credit options

Ares diversifies away from institutional, commingled private funds
During the second quarter, 55% of capital came from the institutional channel and just 30% of this was for its traditional funds

PGIM closes sophomore senior debt fund with USD 4.2bn
The commingled, private fund will be used to lend to middle-market companies across North America, Europe and Australia

NYS Common Retirement Fund to invest USD 100m in Pearl Diver's distressed CLO fund
Public Pensions, Private Pursuits: New York State, Ohio pensions reveal recent private credit investments