French investment firm closes sixth private debt fund with EUR 2.5bn in commitments
French private investment firm Capza held a final close of its sixth private debt fund, with commitments 50% greater than the size of the previous vintage

Ares receives another USD 100m for its third direct lending fund
Ares Management continues to inch towards its goal of raising USD 10bn for its third senior direct lending fund with a recent commitment from a pension fund.

Pengana launches private credit platform aimed at retail investors
Sydney-headquartered money manager Pengana Capital Group has launched a new private credit platform

Massachusetts retirement system seeks manager for senior direct lending strategy
The Quincy retirement system is looking to invest about USD 4m in senior secured debt. 

Stifel and Lord Abbett form joint venture for private credit
SBLA Private Credit is the latest example of investment banks and asset managers teaming up for a slice of the USD 1.7tn private credit market.

MidOcean Partners closes USD 765m opportunistic credit fund
MidOcean's latest direct lending strategy focuses on lending to mid-sized stressed, distressed and dislocated performing businesses.

Comvest aims to become the first debut US manager of the year
Comvest Capital Advisory Services is in the market with its debut CLO: Comvest Credit 2024-1 CLO, a middle-market deal. The deal will make Comvest the first new US CLO manager of 2024. 

NorthWall surpasses expectations for European credit opportunities fund with EUR 640m
London-based credit specialist NorthWall Capital held the final close of the second iteration of its flagship European opportunistic private credit strategy

SFERS commits another USD 75m to private credit
The San Francisco City & County Employees' Retirement System's latest commitment to private credit comes in the form of a USD 75m allocation

Indian manager raises nearly INR 25.75bn for credit opportunities fund
A Mumbai-based manager held a final close on its new special sits fund with INR 25.75bn raised

Crowell & Moring hires funds formation lawyer in New York
Christopher Mendez will serve as senior counsel in the firm's financial services group.

Briarcliffe hires Morgan Stanley alumni
A new executive director has been hired at Briarcliffe Credit Partners, a placement agency that works exclusively with private credit

Guggenheim closes USD 1.2bn private credit vehicle
Guggenheim Investments has closed a USD 1.2bn levered private credit vehicle backed by Apollo

Middle market CLO reset spreads tighten dramatically in new Golub reset
Golub had a busy Friday last week, with a reset of a massive middle-market deal from 2018 showing the tightest such triple A spreads this year

Another US MM CLO reset prices from Deerpath
The reset of the 2021-vintage middle-market Deerpath Capital CLO 2021-1 equalled 2024 tights for this type of deal

StepStone launches private credit interval fund
New evergreen fund from StepStone is available to both individual and institutional investors  

European credit specialist raises EUR 1.8bn for private debt fund
New senior debt strategy invests exclusively in first lien secured loans and will target lower middle market European companies

US MM CLO Rankings - May 2024
Our latest rankings for the US MM CLO market, including arranger and manager league tables

Iowa-based manager launches new direct lending interval fund
A new direct lending interval fund has been launched with a strategy that focuses on lending to lower and core middle market companies

BlackRock hires from Jefferies to lead private credit push in Southeast Asia
BlackRock continues to build out its private credit teams outside of North America with the addition of a new senior-level hire in Asia

Golub signs strategic partnership with Nassau Financial Group
The private credit manager announced the partnership with Nassau Financial Group, including an investment of USD 200m in equity into Nassau's insurance arm

BlackRock hires Goldman Sachs alumni for senior private debt role
BlackRock has hired a former Goldman Sachs veteran as co-head of private debt origination in France and head of origination in Spain

Funds round up: May 2024
The demand for SRT strategies and special situations funds are on the uptick, as is the demand for managers and funds outside of North America. 

Paul Hastings taps nine attorneys from King & Spalding team
Paul Hastings has upped the ante on its expansion plans in the world of private credit and restructuring by hiring nine seasoned attorneys from King & Spalding

Pennsylvania retirement system allocates to European private credit
The Pennsylvania Public School Employees' Retirement System recently revealed a fresh commitment for hundreds of millions of dollars to European private credit.