LP round up: private credit takes big slice of inflows as 10% portfolio share projected for 2026
Institutional investors revealed nearly $4 billion allocations to credit funds in July, with recipients including Angelo Gordon, Apollo, Ares, BlackRock, Brookfield, CarVal, Comvest, Deerpath, KKR, Schroders and Sixth Street

Schroders beats five to win structured credit mandate as pension terminates Franklin Templeton
Schroders has beat out five other credit managers to win up to $108 million for a securitised credit mandate from a US pension. It comes after investment consultant RVK recommended to terminate the pension’s investment in Franklin Templeton due to “underwhelming performance and decreasing assets”

Credit funds at a glance (August 2022)
A round up of fundraising and people moves in credit
   

Axonic holds first close on closed-end fund for real estate debt and CMBS
Axonic Capital has launched a closed-end fund to invest across commercial real estate, CMBS and residential transitional loans

John Hancock and Marathon join forces on ABL fund with structured credit bucket
John Hancock Investment Management has teamed up with Marathon Asset Management for an asset-based lending fund, which can invest a portion of capital in liquid structured credit such as CLOs

Credit funds at a glance (June 2022)
A round up of fundraising and people moves in credit  

LP round up: 28 credit managers win $6.6 billion as San Diego carves private credit allocation
Pensions allocated over $6.6 billion to credit managers in June including Angelo Gordon, Antares, Apollo, Ares, Beach Point, BioPharma, Brookfield, CarVal, Cerberus...

ArrowMark targets $300 million for commercial real estate
ArrowMark Partners is targeting $300 million for a structured finance real estate fund

Credit funds at a glance (June 2022)
A round up of fundraising and people moves in credit
 
   

400 Capital targets $600 million for opportunistic structured credit fund
The fund is targeting a $600 million final close next month with target net returns of 12-15%

Credit funds at a glance (May 2022)
A round up of fundraising and people moves in credit
   

Credit funds at a glance (April 2022)
A round up of fundraising and people moves in credit  

StepStone sets out new path with Mexican securitisation
StepStone Group says its securitisation of private credit opportunities for Mexican investors has left a template for other managers to follow.

LP round up: Oak Hill wins $3bn mandate as credit allocations near $10bn in March
Institutional investors revealed over $9.5 billion of allocations to credit funds in March. Oak Hill Advisors walked away with the largest mandate, as US heavyweight pension Calpers allocated a whopping $3 billion across several of its funds

Pretium collects $1.7 billion for second residential mortgage credit fund
Pretium has closed second residential credit fund at $1.7 billion

StepStone scores AAA rating for listed bond linked to US direct lending portfolio
StepStone Group has sponsored a $102.5 million securitisation of US direct lending loans that is listed on Mexico’s BIVA Stock Exchange in what it claims is the first transaction of its kind in Mexico

Credit funds at a glance (March 2022)
A round up of fundraising and people moves in credit

Credit funds at a glance (February 2022)
A round up of fundraising and people moves in credit

Oaktree closes $3 billion real estate debt fund with 55% deployment
Oaktree Capital Management held a roughly $3 billion final close on its third global real estate debt strategy, Real Estate Debt Fund III

Credit funds at a glance (January 2022)
A round up of fundraising and people moves in credit

Credit Fundraising: Private credit and CLO captive equity feature strongly as closes mount up
Credit funds have made a fair start to the fourth quarter, although the $21 billion raised during October is down substantially on September’s impressive record for 2021

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

Axa IM launches multi-strat fund for pensions
Axa Investment Managers’ ‘alternatives’ business has launched an open-ended strategy for pension funds

LP round up: no Stoptober as investors allocate $5 billion to credit
US institutional investors allocated $5 billion to credit funds in October, with Oak Hill and Pimco among the biggest mandates    

TCW launches 'first' ESG-labelled structured credit fund in the US
TCW has launched what it claims to be the first dedicated structured credit fund with an ESG-label in the US