BMO caters to Europeans with new US mid market loan fund
BMO Financial Group has launched a US mid-market credit fund for European institutional investors

Stepstone subsidiary raises $35 million private markets fund for high net worth individuals
Conversus has closed an inaugural private markets fund, Conversus StepStone Private Markets, at $35 million

Veritas closes inaugural credit opportunities fund at $400 million
Veritas Capital has held a final close inaugural credit opportunities fund Veritas Capital Credit Opportunities Fund at $400 million

Greystone reaches $1 billion for real estate debt fund after re-opening fundraising
Greystone has collected a further $250 million from investors for its inaugural real estate debt fund, Greystone Senior Debt Opportunity Fund (B) after the firm decided to re-open fundraising

LP round up: EIF backs four debt funds while Carlyle wins $1 billion
Institutional investors have allocated just over $4 billion to 27 credit managers in October board meetings

CSAM closes its first-ever commingled CLO equity focused fund
Credit Suisse Asset Management has completed the final close of its inauguarl commingled fund geared towards CLOs

Window or aisle? Pimco jets off with GE for $3 billion aircraft leasing platform
Pimco has partnered with GE Capital Aviation Services to launch a $3 billion aviation leasing platform, which the pair say will “provide financing to help airlines upgrade their fleets at critical time for the aviation industry”

Perceptive holds $1.1 billion final close on healthcare direct lending fund
Perceptive Advisors has held a $1.1 billion final close on its its third healthcare-focused direct lending fund, Perceptive Credit Opportunities Fund III

Sovereign wealth funds empower direct lenders
Sovereign wealth funds are turning toward the booming private credit market, with three massive partnerships formed this year

Credit funds at a glance (October 2020)
A round-up of fundraising and people moves

SVP collects $1.65 billion for dislocation fund in four months
Strategic Value Partners has closed fundraising for its Strategic Value Dislocation Fund with around $1.65 billion in commitments

Ex-Fortress official launches $1.5 billion litigation finance firm with Tetragon backing
The new business is backed by Tetragon’s TFG Asset Management, which will receive a minority equity interest, while Fortress has entered into co-investment agreements with the newly launched firm 

Credit fundraising: managers build homes for real estate credit funds
The “largest ever real estate credit fund” was one of the fundraising highlights last month as Blackstone’s Real Estate Debt Strategies IV fund reached $8 billion on its final close

Air Canada pension allocates $110 million to Pretium
Trans-Canada Capital, a newly-created investment management subsidiary of Air Canada based in Montreal, has allocated $110 million to Pretium Partners' opportunistic and structured credit strategy

Owl Rock recieves $1 billion allocation from California pension
Owl Rock Capital has recieved a $1 billion allocation from the California State Teachers' Retirement System. The mandate will fund Owl Rock's opportunistic credit and diversified lending investments

HPS closes mezzanine debt fund with $11 billion to deploy
New York-based manager HPS has held a final close on HPS Mezzanine Partners 2019

Bain prepares credit dislocation strategy
Bain Capital Credit looks set to raise a fund dedicated to opportunities arising from credit dislocation, just four months after collecting $3.2 billion for its latest distressed debt and special situations vehicle

Barings launches second North American direct lending fund
Barings has begun fundraising for its second North American-focused direct lending fund, three years after closing the firm’s inaugural strategy.

Evolution lifts AUM to $1.8 billion after launching direct lending strategy
Evolution Credit Partners Management has finalised fundraising for a private debt fund. It has held a $565 million final close on its inaugural middle-market direct lending fund

Mediobanca's private markets division raises $120 million for third fund
Mediobanca’s private banking division and Russell Investments have held a $120 million final close on a third private markets fund

Pearl Diver collects $400 million for CLO fund
CLO investor Pearl Diver Capital has finalised fundraising for its latest CLO fund at $400 million, exceeding an initial $300 million target size

Aegon targets ABS for new fund
Aegon Asset Management says it has launched a global ABS fund with a return target of Euribor plus 500 basis points

Sixth Street registers structured credit SMA
Sixth Street Partners has won a mandate to manage a structured credit separately managed account

LP round up: $5 billion flows to credit as private market allocations increase
Global institutional investors allocated nearly $5 billion to credit funds this week, according to documents seen by Creditflux

Barings and PGIM win loan and structured credit mandates as pension puts £2.7bn in credit
The firms will manage global syndicated loans, securitised credit, emerging market debt and global high yield credit for Border to Coast Pension Partnership's £2.7 billion ($3.43 billion) multi-asset credit fund