Principal Real Estate targets $1 billion for real estate debt fund
Its predecessor strategy launched in 2016 with a $875 million target size 

Illinois pension backs real estate funds
Illinois Municipal Retirement Fund has earmarked $150 million for commitments to Rockwood Capital Real Estate Partners XI and Blackstone Real Estate Debt Strategies IV.  

Allianz GI gains €270 million for infrastructure debt fund
Allianz Global Investors has raised €270 million for an infrastructure debt fund. The manager has a €500 million target size for Allianz Euro Core Infrastructure Debt Fund and a €750 million hard cap

Louisiana pension allocates $150 million to US credit funds
The Teachers' Retirement System of Louisiana has committed to Torchlight Debt Opportunity Fund VI and Summit Partners Credit III, a spokesperson for the pension fund has confirmed  

Managers look east as Asian credit fundraising takes off
Several asset managers have outlined plans for growth in Asia as one of their foremost priorities this year.

Jefferies subsidiary and Stonyrock plan mid-market alternative manager stake acquisitions
The new joint venture will invest in private equity, credit, hedge funds, real estate, venture, and infrastructure firms

Madison closes real estate debt fund above $1 billion target size
The New York-based manager now has over $4.5 billion of capital to deploy

Church Pension Fund anoints infrastructure debt fund with $40 million
The $13.3 billion pension fund has invested in a fund managed by New Energy Capital

Credit funds at a glance

A round-up of fundraising and people moves in credit

UK pension allocates £900 million to four private debt managers
The £21.9 billion pension fund has awarded £900 million to three private debt managers and one real estate debt manager, according to 6 March board minutes

East Sussex pension injects £60 million into real estate debt
East Sussex Pension Fund (ESPF), the £3.3bn public pension fund, has decided to commit £60m to M&G Real Estate Debt VI Fund (RED VI).  

CapitaLand gains $556 million for China real estate debt fund
The Singapore-based firm announced that the fund will target a $750 million final close 

UBS hits €1 billion final close for second infrastructure debt fund
UBS Asset Management has reached a final close on its second European infrastructure debt fund, Archmore Infrastructure Debt Platform II (IDP II) at €1 billion

New Energy increase target size for infrastructure credit fund
New Energy Capital has increased its infrastructure credit fund’s target size by $100 million following strong capital fundraising, US regulatory filings reveal

Maverick draws in $200 million for distressed real estate debt fund
Maverick Real Estate Partners has held a final close for its fifth real estate distressed debt fund, hitting its $200 million hard cap

Värde raises $400 million for Asia credit fund
Värde Partners has closed its inaugural Asia-focused fund at $400 million - six months after launching

NNIP unveils European sustainable infra debt fund
The fund aims to build a diversified portfolio of investment grade quality infrastructure debt across Europe 

San Francisco pension ramps up private credit portfolio with $80 million commitments
The $24.5 billion pension fund currently has a 2.2% actual allocation to private credit, despite a 10% target allocation

Ellington partners with Trium for new credit Ucits offering
Ellington has joined the alternative Ucits party, partnering with London-based Trium Capital for Ellington Trium Alternative Credit Ucits, a long/short credit Ucits fund.

Apollo draws in $2.36 billion for structured credit fund
Apollo Global Management is edging towards a final close for its fourth structured credit fund

Axonic unveils plans for credit interval fund
New York-based Axonic Capital has registered its income producing offering Axonic Alternative Income Fund with US regulators

LRI teams up with Aggregate to launch €500 million real estate debt fund
LRI Group has teamed up with Aggregate Debt Advisory to launch a €500 million real estate debt fund

Kommunalkredit builds €190 million first close for infrastructure debt fund
The fund anticipates to hold a final €250million close before year end

M&G targets £250 million for UK-listed multi-strategy credit fund
M&G is targeting £250 million (£328.6 million) for a new closed-end investment trust, which will be listed in the UK

Laxfield increases size of UK debt fund to £750 million
Laxfield Capital, a UK-based real estate debt firm, has upsized the size of its real estate debt fund Laxfield LLP to £750 million ($986 million)