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

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

KKR reports $115 billion dry powder as it changes public markets business name
KKR reported strong deployment and dry powder figures but fee-related earnings came short of expectations

Five credit managers win nearly $1 billion from UK pension pool
Five private credit funds emerged as winners after UK pension pool Border to Coast revealed $1 billion in a wide variety of private credit commitments

KKR collects $2.1 billion for inaugural asset-based finance fund
KKR is making a push in the $4.5 trillion asset based finance market, which its co-heads of private credit see as "one of the most compelling and fastest-growing opportunities”

KKR collects $1.1 billion for inaugural Asia credit opportunities fund
The firm claims it is the “largest inaugural pan-regional fund focused on performing credit” and “one of the largest inaugural pan-regional credit funds to have been raised for Asia Pacific"

LP round up: Apollo and Silver Rock win over $1 billion as pensions plough into private debt
Institutional investors allocated at least $2 billion to credit funds in April, according to Creditflux data, with Apollo and Silver Rock emerging as big winners

Credit funds at a glance (May 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

KKR and PGIM among bidders to buy Alcentra: Bloomberg
BNY Mellon is set to offload its credit investment unit Alcentra, according to a report by Bloomberg citing people familiar with the matter

Two CLO funds launch following at least 20 in 2021
Two US credit managers have kicked off the year by launching funds geared towards investing in CLO tranches

Telco and retailer gap wider as PE firms circle
Telecom Italia is one of the Monday credit market's biggest underperformers, in an otherwise finely poised start to the week

KKR announces new co-CEOs as Kravis and Roberts step down
KKR has announced the appointment of its second ever pair of co-chief executive officers, effective immediately, replacing co-founders Henry Kravis and George Roberts

Credit fundraising: managers take care of infrastructure with new partnerships
Credit managers were busy launching new partnerships to support growth in infrastructure and CLOs. There were 13 announcements in the month paving the way for upcoming funds, platforms, and joint ventures

KKR adds two senior private credit hires as it eyes new receivables and inventory financing strategy
KKR has added a former Credit Suisse and Sound Point Capital official to its private asset-based finance team 

KKR opens Stockholm office
KKR has expanded its presence in the Nordics with an office in Stockholm

KKR flies into aviation lending with new $800 million platform
KKR has expanded its credit business with a new aviation platform, seeding the platform with nearly $800 million portfolio of aviation loans from CIT Group to kickstart the launch

KKR brings in Park Square partner for European private credit team
KKR has appointed a London-based partner to its European credit team

KKR promotes three in credit team to managing director
KKR has unveiled 26 promotions globally to managing director, including three in credit

FS and KKR to merge BDCs to create $14.9 billion vehicle
FS Investments and KKR plan to merge their two business development companies into a single vehicle which would have about $14.9 billion in assets

KKR targets sub-debt and ABS with latest private credit fund
KKR is preparing to launch its third mezzanine private credit fund, dubbed KKR Private Credit Opportunities III

KKR closes CMBS risk retention fund at $950 million
KKR has held a $950 million final close on its risk retention real estate debt fund, KKR Real Estate Credit Opportunity Partners II

LP round up: horseshoe does the trick for Pimco and other distressed managers
Institutional investors poured $2.7 billion into credit this week through 14 managers, according to board documentation seen by Creditflux

Four managers join forces on gigantic £1.9 billion unitranche
The supersized transaction to Ardonagh Group, led by Ares, is the largest ever unitranche facility