Credit funds at a glance – July 2026
Our roundup of top performers, fundraising and moves in credit

Colbeck raises initial USD 400m for new senior direct lending effort
The USD 400m was raised from third-party investors and will be used to invest in deals across North America and select international jurisdictions, a source familiar told Creditflux

Ares's latest Pathfinder fundraise exceeds cap by USD 1bn as demand shifts to ABF
EXCLUSIVE: The latest USD 8.5bn Pathfinder III fund, which closed in just six months, originally had a hard cap of USD 7.5bn, Ares told Creditflux

ZAIS Group prepares captive CLO equity fund
EXCLUSIVE: The firm expects to launch this next fund sometime before year-end, a source familiar tells Creditflux

Ares raises USD 8.5bn for alternative credit in under six months
Pathfinder III, which held a final close, was oversubscribed and will focus on asset-based finance investments

Canyon launches ABF platform with capacity to deploy at least USD 5bn annually
The firm secured anchor investments from Daiichi Life Insurance and Korea Investment Holdings, and hired a former ATLAS executive to lead the strategy

Credit funds at a glance – June 2026
Our roundup of top performers, fundraising and moves in credit

Crescent raises USD 10.8bn for direct lending, targeting lower mid-market
The firm’s fourth US direct lending fund was oversubscribed and exceeded its target by more than USD 2.5bn

Eurazeo closes its largest ever direct lending fund with EUR 3.9bn raised
Eurazeo Private Debt VII raised EUR 3.9bn at closing, exceeding its EUR 3bn target

Growing private-equity, private-credit fund sizes threaten IRR—Texas TRS
EXCLUSIVE: The US pension giant told Creditflux that it wishes both private equity and private credit managers would raise smaller funds and focus on returns rather than AUM growth 

Nuveen to exceed USD 2.5bn infrastructure credit fundraising target
TIAA and Canadian Pension fund manager anchor Fund II; commitments near USD 2bn, driven by global institutional investor interest

Barings raises more than USD 19bn for global direct lending strategy
The firm raised capital from institutional, insurance and private wealth investors globally

Credit funds at a glance – May 2026
Our roundup of top performers, fundraising and moves in credit

Antares raises USD 8.5bn for senior direct lending
The alternative credit manager held a final close for its third Senior Loan Fund after raising capital from new and existing investors

Ares expects first close this summer on data center fund
Ares has invested USD 10bn in digital space, seeing massive market opportunity

Brookfield-backed Primary Wave raises USD 2.2bn for music royalties fund
Brookfield Asset Management, which holds a minority stake in the firm, contributed to the latest fundraising effort, a source familiar told Creditflux

Silver Rock Capital Partners corrals USD 4bn for private capital solutions strategy
The firm closed on more than USD 4bn for its latest Tactical Allocation Strategy vintage, which will invest in private corporate and real-asset debt across the credit cycle

Apogem eyes leading role with its largest secondaries fund yet
Fund VII closed on USD 1.43bn in March; predecessor closed on USD 600m in 2022

CVC raises USD 1bn for captive CLO equity fund
The firm will use the fund to back approximately USD 15bn of global CLO issuance

Mercer zeroes in on AI exposure in GPs’ operations, portfolios and deals
EXCLUSIVE: The firm is ready to deploy its eighth flexible private market fund-of-funds, as the growing capabilities of AI cement themselves as a key factor across private market asset classes

Adams Street raises USD 7.5bn for senior direct lending
The middle market-focused alternatives firm held a close for its Private Credit III fund and is expanding its direct lending platform globally

Ares to launch new private credit fund with USD 10bn-15bn equity target
The fund has the same equity target as its record-breaking predecessor, Ares Senior Direct Lending Fund III

Bain closes third CLO captive equity fund
EXCLUSIVE: The fund, which primarily targets majority equity investments in the firm’s US and European CLOs and warehouses, is valued at around USD 1.5bn, the firm’s global head of credit John Wright told Creditflux

Blackstone raises USD 10bn for oversubscribed opportunistic credit fund
The alternative asset management giant will use the fund’s flexible mandate to invest across industries, capital structures, and geographies

Credit funds at a glance – April 2026
Our roundup of top performers, fundraising and moves in credit