Guggenheim closes USD 1.2bn private credit vehicle
Guggenheim Investments has closed a USD 1.2bn levered private credit vehicle backed by Apollo

Iowa-based manager launches new direct lending interval fund
A new direct lending interval fund has been launched with a strategy that focuses on lending to lower and core middle market companies

Funds round up: May 2024
The demand for SRT strategies and special situations funds are on the uptick, as is the demand for managers and funds outside of North America. 

Pennsylvania retirement system allocates to European private credit
The Pennsylvania Public School Employees' Retirement System recently revealed a fresh commitment for hundreds of millions of dollars to European private credit. 

Sagard targets North American middle market opportunities with new senior lending fund - partner
Sagard, a Power Corporation of Canada alternative asset investment platform, will provide first-lien financing to lower middle market and middle market US and Canadian companies

GSAM raises USD 21bn for large-cap private credit
Goldman Sachs Alternatives announced on Wednesday that it had raised more than USD 20bn for large-cap private credit investments

Gravis Capital prepares to launch inaugural private credit fund
Gravis Capital is preparing to launch its first private credit fund with a EUR 500m-equivalent target size

Hayfin raising new direct lending fund while narrowing potential buyer list
Hayfin Capital Management is fundraising a new European direct lending fund even as the UK asset manager narrows down a list of potential acquirers to buy the firm

Shorooq Partners closes USD 100m private credit fund
Shorooq Partners, an Abu Dhabi-based alternative investment manager, announced on 23 May the first close of its USD 100m second private credit fund

Montana Board of Investments makes USD 75m commitment to private credit
The Montana Board of Investments has allocated USD 75m to a San Francisco-based direct lending fund

Boutique London manager holds first close on direct lending fund
London-based alternative investment manager Prefequity revealed the first close of its Prefequity Credit Opportunities II fund 

Singapore-based Kadita Partners closes private credit fund
Singapore-based private credit manager Kadita Partners has closed the Kadita Credit Solutions Fund 1

Swedish manager raises EUR 1.7bn for private credit fund
A Stockholm-based private credit specialist has closed a fund targeting non-sponsored loans to mid-sized family-owned and growth businesses in Northern Europe

Avenue Capital raises billion dollar European special situations fund
New York-headquartered Avenue Capital Group held the final close of a new European special situations fund with more than USD 1bn in commitments

Benefit Street closes USD 850m special situations fund
Benefit Street Partners held the final close of an upper middle market focused special situations fund with roughly USD 850m

New York pension system makes USD 500m commitment to credit secondaries
The New York State Common Retirement Fund has revealed its latest allocations in its March monthly transaction report, and private credit was one of the big winners

Apollo raises funds for special sits
Apollo Management has pushed ahead with its plans to raise funds for the second iteration of its credit special situations fund

Golub raises USD 2bn for sixth credit opportunities fund
Golub Capital has held the final close of the sixth vintage of its credit opportunities fund, raising USD 2bn

US pension fund makes fresh USD 250m allocation to private credit
A US pension system has recently disclosed hundreds of millions of commitments to alternative funds, including USD 250m for private credit

Massachusetts retirement system looks for private credit manager
A Massachusetts-based pension system is searching for a manager as it looks to join the growing list of pension systems opting into private credit investments. 

Australian private credit fund-of-funds launched for retail investors
Pengana Capital Group has launched a private credit fund for retail investors that will be listed on the Australian Stock Exchange

New Mexico pension system approves USD 150m top-up to distressed debt fund
The New Mexico State Investment Council continued to pump money into credit alternatives on Tuesday, as the board approved its latest commitment