BlackRock holds $940 million first close on global private debt fund designed for UK pensions
BlackRock has collected $940 million on a first close of its new private debt fund BlackRock Diversified Private Debt Fund 

Audax closes fifth junior debt fund at $1.9 billion
Audax Mezzanine Fund V will provide junior capital investments in private equity-backed middle market companies

Shenkman closes debut drawdown fund at $325 million
Shenkman Capital Management has closed its inaugural drawdown fund with over $325 million capital commitments

LP round up: $3.2 billion flows to 21 managers as private credit illiquidity premium holds firm
Investors allocated at least $3.2 billion to credit managers in April - and direct lending funds were in favour with Churchill and Ares being awarded two mandates

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

Credit fundraising: three massive European direct lending funds notch up €17.6 bn
Fundraising figures continued upwards in April as just over $24 billion was raised for credit funds, alongside $3.2 worth of allocations to credit managers. Nine funds held final closes including the largest European direct lending fund raised to date

Jefferies Credit poaches senior RBC pair for direct lending business
Jefferies Credit Partners has expanded its middle direct lending business with two senior hires

Apollo establishes $1 billion credit secondaries platform
Apollo says it formed the platform to capitalise on the explosive growth of private credit, as well as addressing related liquidity or portfolio needs from underlying investors

Comvest amasses $1.3 billion for fifth direct lending fund
Comvest says it has provided financing to more than 35 portfolio companies

US CLO issuer hints at ending three-year absence with plans for equity fund
A US CLO manager which debuted in 2018 and has priced one deal looks to have launched its own CLO captive fund   

Lord Abbett prepares special situations interval fund
Lord Abbett is preparing to launch a new special situations fund in the form of an interval fund

Toronto-based Whitehorse Liquidity hits $4 billion hard cap on liquidity solutions fund
Whitehorse Liquidity Partners Fund IV provides liquidity solutions to private equity-style fund investors and managers

LBC reaches $808 million final close for fifth private credit fund
LBC Credit Partners has held a $808 million final close on its fifth private credit fund, LBC Credit Partners V - under its $1 billion target, according to Debtwire Funds Data

Credit fundraising: Goldman Sachs direct lending fund takes March figures to $23 bn
Credit funds sprung forward in March as $23 billion was raised alongside $2.6 billion worth of allocations to credit managers. 

LP round-up: $2.6 billion flows into 26 credit managers
A stuck ship in the Suez Canal may have prevented others from getting through one of the world's busiest waterways in March, but allocations to credit funds were much more free flowing as investors poured over $2.6 billion into the hands of credit managers

Texas pension allocates $50 million to CLO fund
The comes amid a flurry of allocations to CLO funds

Eagle Point diversifies from CLOs as it wins $180 million for BDC lending strategy
A US public pension has earmarked $60 million for Eagle Point's fund and a further $120 million for a separate managed account

DE Shaw amasses $1 billion for stressed and distressed assets
The fund will invest in stressed and distressed assets, financings, and special situations opportunities

Michigan pension discloses $100 million allocation to CLO fund
The State of Michigan Retirement System has revealed it allocated $525 million to credit funds from September to December - including one CLO fund

Four managers win lucrative $700 million credit mandate
A $39 billion pension has selected four managers for an opportunistic credit mandate and identified a further four ‘bench’ managers 

Tikehau places €500 million sustainable bond as it plans high yield impact fund
Tikehau Capital has placed an inaugural sustainable bond that it says is the first of its kind for an asset manager

CLO captive funds surge as US manager becomes latest to launch
The New York-based manager joins the likes of Kayne Anderson and GoldenTree this year to raise funds to invest in their own CLO equity and warehouse lines

Ares pledges charitable donations based on success of new $3.7 billion fund
Ares Management Corporation has held a final close on Ares Pathfinder Fund at its $3.7 billion hard cap - and portfolio managers will commit at least 10% of the fund’s caried interest profits to global health and education charities

Retail investors gain access to private credit with Northleaf Mackenzie fund launch
IGM Financial’s Mackenzie Investments has teamed up with direct lender Northleaf Capital Partners to launch a global private credit fund for accredited retail investors

NXT collects $1 billion for US mid-market direct lending strategy
NXT Capital has held a final close on its US middle market direct lending fund, NXT Capital Senior Loan Fund VI