Ares receives another USD 100m for its third direct lending fund
Ares Management continues to inch towards its goal of raising USD 10bn for its third senior direct lending fund with a recent commitment from a pension fund.

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

New Mountain Capital BDC raises nearly USD 860m
New York-based alternative asset manager New Mountain Capital has held close of its New Mountain Guardian IV BDC 

Funds round up: April 2024
Allocations to private credit and new fund launches continued to roll out in April, as our monthly round-up confirms

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

Baltimore pension system puts USD 35m into private credit fund
The City of Baltimore's Fire & Police Employees' Retirement System recently allocated USD 35m to a private credit fund

Texas pension system commits USD 100m to direct lending
The Texas County & District Retirement System recently allocated USD 100m to a direct lending fund at its 1 April meeting

Blue Torch closes USD 2.3bn private credit fund
New York-based middle market lender Blue Torch Capital has closed its Blue Torch Credit Opportunities Fund III

San Francisco pension system continues to invest in private credit
The board of the San Francisco City & County Employees' Retirement System has allocated USD 75m to a credit special situations fund  

Louisiana pension system allocates to private credit
The Louisiana Teachers’ Retirement System has recently made a fresh round of commitments to alternative funds, including to private credit.

Chicago pension system allocates USD 40m to private credit
The Policemen's Annuity and Benefit Fund of Chicago approved two commitments to private credit totaling USD 40m at its 24 January meeting

Funds round up: private credit reaches for retail
A number of new credit funds launched last month to round out 2024's first quarter, including ones in Europe aimed at retail investors

Washington State pension system allocates USD 60m to direct lending
The Tacoma Employees’ Retirement System approved two commitments totaling USD 60m to direct lending funds during its March meeting

South Carolina pension system commits USD 100m to asset backed fund
The South Carolina Retirement System recently revealed a commitment made on 27 February of up to USD 100m

New Mexico sovereign wealth fund pumps an additional USD 450m into private credit
The New Mexico State Investment Council latest commitments to private credit total up to USD 450m, spread across three managers

Apollo launches new BDC backed by Mubadala
Apollo has created a new private BDC that will invest money from Abu Dhabi-based sovereign wealth fund Mubadala Investment Company, in addition to other institutional investors.

Cincinnati Retirement System allocates USD 90m to private credit
The Cincinnati Retirement System committed a total of USD 90m to three separate private credit funds at its 1 February meeting

Goldentree closes on USD 1.4bn private credit fund
GoldenTree Asset Management announced the closing of its Private Credit Fund today, with secured commitments of USD 1.35bn

Hamilton Lane closes eighth vintage of flagship private credit fund
Hamilton Lane revealed the final close of its Hamilton Lane Strategic Opportunities Fund VIII today, a private credit strategy that invests across the capital structure

Funds round-up: Feb-2024 - managers turn to European wealth
European private credit managers turn to the wealthy in our roundup of notable fundraising in February 2024. 

Maryland pension system allocates USD 30m to private credit
The Baltimore City Employees' Retirement System has approved two commitments totaling USD 30m for private credit funds

New Mexico sovereign wealth fund approves another USD 350m for private credit
Santa Fe-based fund invests in two managers as it focuses more heavily on direct lending, asset-based lending and special situations

Boston retirement system hunts for managers for USD 60m allocation to private debt
The Boston Retirement System has issued a request for proposals to investment managers in an effort to allocate up to USD 60m to private debt strategies

Texas-based pension system commits USD 90m to direct lending fund
The City of Austin City Employees' Retirement System, or COAERS, has committed USD 90m to the Blue Owl Diversified Lending Fund

Dallas retirement system allocates USD 60m to credit funds
The Dallas Employees' Retirement Fund has allocated USD 60m to three separate credit funds as the Texas-based system grows its allocations to private credit and distressed debt