AllianzGI raises EUR 1.5bn for credit secondaries
Allianz Global Investors has held a EUR 1.5bn final close for its global private debt secondaries fund, surpassing its EUR 500m target

Blue Owl raises more than USD 2bn for evergreen direct lending strategy
Blue Owl has raised more than USD 2bn for its sophomore direct lending fund that focuses on senior, first-lien loans

SC Lowy winds down liquid credit fund in private credit pivot
SC Lowy plans to wind down its open-ended liquid credit fund and launch a new interval fund for private credit investments

Sixth Street to invest USD 13bn for Northwestern Mutual
Sixth Street and Northwestern Mutual have struck a deal that gives Sixth Street USD 13bn of the insurer’s assets to invest across its private capital strategies

Princely Family of Liechtenstein’s LGT raises USD 2.17bn for latest credit fund
Royal family-owned LGT Capital Partners has successfully fundraised USD 2.17bn for its evergreen credit fund, according to an SEC filing  

Blue Owl delays fundraising launch of opportunistic credit fund
Blue Owl has put fundraising for its upcoming opportunistic credit fund on pause as it evaluates the market opportunity, according to sources familiar with the matter. 

Private credit managers try to get creative in lacklustre fundraising environment
Facing a less-than-ideal fundraising environment, private credit managers are having to pull various levers to secure equity commitments for their latest funds.

FoxPath readies debut credit secondaries fund
New York-based FoxPath Capital Partners is in the process of launching its debut fund, which will invest in private credit secondaries

Carlyle raises over USD 7bn for credit opps fund
Carlyle today announced the final close of its third credit opportunities fund at USD 7.1bn in investable capital, marking the global investment firm’s largest credit fundraise to date

BlackRock launches first evergreen private markets fund for Europe’s wealthy
BlackRock has announced the launch of an innovative evergreen private markets platform for wealthy investors in Europe

PGIM to bring mezz fund back to market in 2025
PGIM Private Capital, the middle market private debt business of global investment manager PGIM, plans to launch its latest private credit mezzanine fund next year

Aviva Investors seeds private debt fund targeting UK DC pensions with EUR 750m of capital
Aviva's Multi-Sector Private Debt Fund will invest across the private debt spectrum including real estate debt, infrastructure debt, structured finance and private corporate debt

Ninety One raises USD 260m for African private debt
Ninety One, a global asset manager affiliated with Investec, has held a USD 260m first close for its latest African and emerging markets private debt fund

Public Pensions, Private Pursuits: 18th November
CalPERS reveals USD 2.9bn private credit commitments as Sacramento, East Bay, San Francisco refine debt strategy

Brookfield Credit invests USD 1bn in 17Capital
Brookfield Asset Management’s private credit investment division, Brookfield Credit, has agreed to invest USD 1bn into 17Capital’s private credit strategies

Bain raises nearly USD 6bn to invest in hybrid capital, special situations
Bain Capital has held a final close for its latest global special situations fund, raising USD 5.7bn to provide private debt and equity financing for companies across sectors and at various points in the market cycle

Silver Point closes on USD 8.5bn for direct lending fund, exceeding target
Silver Point Capital has held a final close for Silver Point Specialty Credit Fund III, raising USD 8.5bn for direct lending to middle-market companies, according to a press release. 

Crayhill nears USD 1bn target for an asset-based credit fund
Crayhill Capital Management has raised more than USD 830m, approaching its USD 1bn target, for a asset-based credit fund called Principal Strategies Fund III, according to a SEC filing 

CalPERS commits nearly USD 3bn to private debt investments
The California Public Employees’ Retirement System approved nearly USD 3bn in private debt commitments to external managers during the second quarter of 2024

Investors seeking long exposure to direct lending turn to evergreen funds
The huge pool of capital fuelling the growth of private credit is increasingly drawn to evergreen funds, as institutional investors seek longer-term exposure to the market

AshGrove raises EUR 650m for European direct lending fund
AshGrove Capital recently announced the final close of its most recent fund, AshGrove Specialty Lending Fund II

Beechbrook raises GBP 151m for SME credit fund
Beechbrook has announced the first close of its latest SME credit fund, UK SME Credit IV, with GBP 151m raised out of a target of GBP 250m

PennantPark closes middle market opportunities fund
PennantPark Credit Opportunities Fund IV has raised USD 610 million in investable capital to invest in middle market private credit investments

Blackstone raises USD 22bn for senior direct lending
Blackstone has raised USD 22bn, inclusive of leverage, for its institutional US direct lending fund and related vehicles

Goldman alums raise USD 1.6bn for new direct lender
An alternative investment management firm founded by two Goldman Sachs alumni last year has corralled USD 1.6bn to put towards a new senior direct lending strategy