LibreMax collects $225 million for structured credit fund
LibreMax Capital has closed its fifth drawdown vehicle, LibreMax Structured Opportunities Partners I, at $225 million

Squarepoint takes over from CSAM as it supports star trader's new long-short credit fund
Arini, led by highly regarded former Credit Suisse trader Hamza Lemssouguer, has found support in Squarepoint Capital as it launches its first European credit fund

Vista collects $2.3 billion for third software-focused credit fund
Vista Credit Partners has held a $2.3 billion final close of its third flagship software focused credit fund, Vista Credit Partners Fund III, above its $1.5 billion target

CIFC launches $2bn loan SMA with Texas pension fund
CIFC Asset Management has teamed up with Teacher Retirement System of Texas to launch a separately managed account named Texas Debt Capital LP to invest in senior secured loans

PGIM launches first dedicated ESG bond fund
PGIM says it has launched its first dedicated environmental, social and governance fixed income strategy for US investors, citing increased demand from clients for optionality between traditional and ESG investment strategies

Janus Henderson plans CLO ETF focused on mezz tranches
Janus Henderson has plans to expand its CLO exchange traded fund range and launch what it says will be the first CLO ETF focused on triple B to single B-rated CLO debt

Manager wins £1.7 billion IG credit mandate from UK's St James’s Place
The UK wealth manager has awarded a £1.7 billion ($2.28 billion) global invevstment grade credit mandate

HarbourVest sails to $892 million final close for first dedicated US direct lending fund
HarbourVest Partners has held a final close on its inaugural, dedicated US direct lending fund at ‘over $892 million’ 

HPS closes $15.4 billion direct lending fund as deployment hits 60%
HPS Investment Partners has closed its fifth direct lending fund with $11.7 billion of investor commitments. Creditflux understands this is nearly double its $6 billion original hard-cap

Allianz holds €500 million first close on private credit fund of fund
The vehicle, which has a €1.5 billion target, invests jointly with Allianz

Monroe holds $1.3 billion fourth close on US direct lending fund
The fund, which is targeting $1.5 billion, is anticipated to hold a final close above that target before the end of this year

Credit funds at a glance (September 2021)
A round up of fundraising and people moves in credit

Control US CLO equity investor raises $400 million for fourth fund
The fund focuses on US CLO control equity positions, typically investing around 95-100% of the equity tranche

Los Angeles manager launches PE-style junior CLO fund
The firm appears to have raised at least $55.8 million with the backing of 36 investors 

Credit Fundraising: Blue Owl and WhiteHorse gain from improving animal spirits
Fundraising perked up in July as managers raised $14.9 billion for credit funds - the third highest monthly amount this year

Credit funds at a glance (August 2021)
A round up of fundraising and people moves in credit

SVP doubles assets from 2020 as it launches $5 billion distressed fund
Strategic Value Partners has closed a $5 billion distressed debt fund, which it says has made it one of the “largest global investors in the distressed debt and special situations space”.

Morgan Stanley IM rakes in $1.6 billion for junior debt fund
Morgan Stanley Investment Management has closed its latest junior direct lending fund, North Haven Credit Partners III, at $1.6 billion

Silver Point raises $2 billion for direct lending
Silver Point Capital has raised $2 billion through its direct lending business for Silver Point Specialty Credit Fund II. The firm says this is its hard cap and that $1 billion was its target

SLR targets $1 billion deployable capital for healthcare direct lending fund
SLR Capital Partners has surpassed the halfway mark on its first dedicated healthcare-focused direct lending fund, making a $480 million initial close

Blue Owl closes $2 billion debut opportunistic credit fund
Blue Owl has closed its inaugural credit opportunities fund, Owl Rock Opportunistic Fund at its $2 billion target

King Street raises $1.2 billion for first global credit drawdown fund
The fund will target distressed and stressed corporate debt, structured products, and asset-backed investments, as well as claims and claim-related opportunities

HIG closes $1.65 billion US direct lending fund focused on non-sponsored deals
HIG WhiteHorse has closed a US direct lending strategy focused on sponsorless companies, HIG WhiteHorse Direct Lending Fund - 2020

Northleaf closes global private credit fund with $1.2 billion deployable capital
Northleaf Capital Partners has raised more than $900 million for its second private credit strategy, Northleaf Private Credit II 

Arena holds $215 million first close on special situations fund
Arena's special opportunities partners funds invest in special-situations, asset-backed, credit-oriented investments