Californian pension eyes commitment to THL direct lending fund
RVK, the general investment consultant of the Santa Barbara County Employees’ Retirement System (SBCERS), has recommended the $2.8 billion US pension fund commit up to $25 million to THL Credit Direct Lending Fund IV

Ares grows credit 34% with direct lending boost, but high yield takes rough ride in Q4
Ares Management Corporation reported strong returns for its European direct lending strategies in the fourth quarter of 2018. But the firm's overall revenues slumped and its US loan funds and high yield strategies were hit by the volatile credit market 

CIFC launches CLO fund with investment grade mandate
CIFC Asset Management is back in the market with yet another CLO-focused fund – this time, aimed at investment grade opportunities

Lone Star shines with $8.2 billion final close for debt fund
Lone Star has raised $8.2 billion for the latest iteration of its distressed debt strategy, Lone Star Fund XI

Silver Point brings in $1.57 billion for distressed debt fund
The credit hedge fund manager, founded by ex-Goldman Sachs partners’ Edward Mulé and Robert O’Shea, has locked down $1.57 billion capital for its distressed debt fund 

San Francisco pension deploys $125 million into private credit
San Francisco City and County Employees' Retirement System has bolstered its private debt bucket, making a $125 million commitment to a senior debt fund and opportunistic credit fund that builds on other private debt investments since last year

Nassau lures bank's CLO origination head as it adds investment arm to manager business
Nassau Re has poached a bank's head of CLO syndicate and origination as it launches a CLO equity and debt investment platform

HPS targets $8 billion for flagship mezzanine strategy
HPS Mezzanine Partners 2019, the firm's fourth fund in its mezzanine strategy, has won $100 million from a Louisiana pension fund 

Tree Line grows $300 million US lower mid-market debt fund
Tree Line Capital Partners is targeting $300 million for its second lower-middle market direct lending fund, according to 6 February US regulatory filings

New York pension fund allocates $150 million to special situations fund
The new investment will sit within the pension fund’s opportunistic alternatives bucket

New York pension ups commitment to HarbourVest by $400 million
New York State Teachers' Retirement System has topped up commitments to Maple Fund, having already approved $600 million in 2017

Florida pension fund backs Atalaya distressed strategy
Florida State Board of Administration (SBA) has committed $100m to Atalaya Special Opportunities Fund VII, as part of the Florida Retirement System’s portfolio.  

CIFC launches its first CLO Ucits fund
CIFC Asset Management has become the latest manager to launch a new CLO Ucits fund

New Energy holds $500 million final close for infrastructure credit fund
New Energy Capital Partners has held a final close on its second infrastructure hybrid debt and equity fund at $500 million

Golding holds €580 million final close for private debt fund
Golding Capital Partners has held a final close for its private debt fund strategy at €580 million

San Francisco pension plans to deploy $800 million to private credit in 2019
San Francisco Employee’s Retirement System will allocate $800 million to its private credit bucket in the coming year, to reach its 10% target allocation 

WhiteHorse forms $125 million middle-market JV with Ohio pension
The $79.8 billion Ohio pension fund has teamed up with WhiteHorse to form a joint venture that will have a $375 million total lending capacity

Portfolio Advisors garners $200 million for third mezzanine credit fund
Portfolio Advisors has begun fundraising for its third mezzanine opportunistic credit fund, PA Direct Credit Opportunities Fund III

Orchard wraps up fundraising for $2.5 billion structured credit and special opportunities fund
Orchard Global Asset Management has held a $2.5 billion final close for its structured credit and special opportunities fund,

IAM closes senior debt fund at C$843 million
IAM Private Debt Group, the private debt business of Integrated Asset Management Group, has closed its sixth private debt fund at C$843 million ($634 million)

Churchill reaches halfway to $1.5 billion hard cap for loan fund
Churchill Asset Management has raised at least $746.5 million for its second middle market loan fund

Chatham launches second distressed and direct lending fund
The New Jersey-based hedge fund manager has begun fundraising for its second credit fund: Chatham Asset Private Debt & Strategic Capital Fund II

CIFC prepares CLO-focused fund
CIFC Asset Management is in the market with another CLO fund, only eight months after teaming up with New York-based City National Rochdale to launch a CLO-focused credit interval fund

BlueBay targets €5 billion for European direct lending strategy
BlueBay Asset Management is targeting €5 billion for its latest European direct lending strategy, according to documents seen by Creditflux, and has won $125 million in commitments from two US pension funds

Penfund closes sixth junior capital fund at CAD$1.15 billion hard cap
Canadian fund manager Penfund Management has closed its sixth junior capital fund, Penfund Capital Fund VI, at CAD$1.15 billion