CLO manager strikes gold with giant captive equity fund raise
Veteran CLO manager and investor closes USD 1.3bn in commitments for its third captive CLO equity fund

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.

CalPERS to shift allocation from fixed income to private credit
The California-based pension system said on Monday that it plans to up its allocations to the private debt asset class

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

Columbia Threadneedle makes CLO equity partnership with Jefferies
Columbia Threadneedle has entered into a strategic agreement with a consortium led by Jefferies that will commit equity capital to support the issuance of multiple CLOs over the next several years

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

Alternative asset managers increasingly tapping wealth channel for private credit fundraising
Wealthy individual investors have become increasingly appealing to alternative asset managers looking to raise money for private credit funds as asset managers look to broaden fundraising beyond institutional investors

Ohio pension system allocates USD 50m to levered loan opportunities fund
The Ohio Police & Fire Pension Fund has committed USD 50m to a levered loan fund, the system's third private credit commitment for the plan year

Lakemore raises more than USD 500m for latest CLO equity fund
CLO equity specialist Lakemore Partners has raised USD 560m for the fifth edition of its flagship fund. The final close for Aquatine V Fund is 40% higher than the USD 400m that Aquatine IV Fund raised.

Ares raises USD 22.4bn for US direct lending in 2023
Ares Management continues to see increased appetite for direct lending. The alternative asset manager's private credit team raised roughly USD 10.1bn in US direct lending commitments in Q4 of 2023

Canadian manager raises CAD 350m for new private credit fund
Canadian money manager Fiera Private Debt raised CAD 350m in the first close of its Fiera Private Debt Fund VII. The private credit strategy focused on senior-secured term debt of middle market Canadian companies.

PineBridge raises USD 1.7bn for third vintage of direct lending fund
PineBridge Investments has raised USD 1.7bn for the third vintage of its private credit fund, exceeding the firm's USD 1bn target

Texas retirement system allocates USD 100m to SRT credit fund
The Texas County & District Retirement System has committed USD 100m to the Chorus Capital Credit Fund V, according to recent investments listed on the Austin, Texas-based pension system's website

Golub secures USD 40m for credit fund from Texas-based pension system
Golub Capital continues to grow its direct lending platform with new commitments, with the New York-headquartered middle-market giant securing a commitment of USD 40m from the pension fund for its GEMS Fund 6

Charlesbank raises USD 1.5bn for third private credit fund
Charlesbank Capital Partners held the final close of its Charlesbank Credit Opportunities Fund III earlier this month with USD 1.5bn raided, exceeding its USD 1.25bn target.