Janus Henderson raises USD 350m in seed capital for private ABF interval fund
The fund has secured capital from strategic investors such as General Electric Pension Fund, CNO Financial Group and Corbin Capital Partners

M&G establishes joint venture with Ontario Teachers’ Pension Plan to back further CLO issuance
M&G Investments has established a joint venture with global institutional investor Ontario Teachers’ Pension Plan to support the scaling of a multi-billion-Euro CLO platform

US CLO issuance may slow despite favorable NAIC guidance
EXCLUSIVE: New guidance is favorable to US insurers buying triple-A, double-A and single-A tranches, but will not beat the current supply-demand dynamics and poor arb, BofA CLO research chief says

IMCO finds private credit sourcing efficiency with co-investments
The Investment Management Corporation of Ontario (IMCO) is investing in private credit via co-investments sourced by asset manager relationships, with the Canadian institutional investor saying this is a more efficient method than building its own deal sourcing team

CalPERS posts 11% net return for private debt, improves funded status
The California Public Employees Retirement System, one of the largest institutional investors, released preliminary investment results for the 2025-2026 fiscal year

Canadian giant BCI launches IG private credit strategy with CAD 1.8bn
British Columbia Investment Management Corp., an institutional investor with more than CAD 300bn, seeded the new strategy and is creating a dedicated team

LPs press pause on private credit allocations as demand cools—Coller
Fewer institutional investors plan to increase their private credit allocation targets over the next 12 months and some are worried about systemic risk, according to a survey conducted by Coller

Hormuz disruption builds case for energy infrastructure investment, lenders and private capital maintain support
Hormuz disruption exposes fragility, drives urgent calls for energy infrastructure investment; banks and investors remain committed to financing energy and supply chain resilience

TPG Credit raises USD 5bn for core, upper mid-market direct lending deals
EXCLUSIVE: The alternative credit arm of TPG has launched a new direct lending strategy and raised third-party capital from institutional investors and insurance companies, sources familiar told Creditflux

Crescent raises USD 10.8bn for direct lending, targeting lower mid-market
The firm’s fourth US direct lending fund was oversubscribed and exceeded its target by more than USD 2.5bn

Eurazeo closes its largest ever direct lending fund with EUR 3.9bn raised
Eurazeo Private Debt VII raised EUR 3.9bn at closing, exceeding its EUR 3bn target

Growing private-equity, private-credit fund sizes threaten IRR—Texas TRS
EXCLUSIVE: The US pension giant told Creditflux that it wishes both private equity and private credit managers would raise smaller funds and focus on returns rather than AUM growth 

CLO equity and private credit offer comparable returns—Texas TRS
EXCLUSIVE: The US institutional investor giant approaches credit investments opportunistically and as it seeks to achieve a 7% return target for its overall portfolio, CIO Jase Auby told Creditflux

Temasek taps Pinegrove for venture debt partnership
The Singaporean state investment firm intends to lend directly to growth stage technology and life sciences companies

Antares raises USD 8.5bn for senior direct lending
The alternative credit manager held a final close for its third Senior Loan Fund after raising capital from new and existing investors

New York Life Investment Management launches IG-leaning CLO ETF
At least 80% of the NYLIM Investment Grade CLO ETF portfolio will be allocated to investment-grade securities, the firm said

Silver Rock Capital Partners corrals USD 4bn for private capital solutions strategy
The firm closed on more than USD 4bn for its latest Tactical Allocation Strategy vintage, which will invest in private corporate and real-asset debt across the credit cycle

Liberty Mutual strikes private credit partnership with Square Nine Capital
Square Nine Capital was founded last year by Morgan Stanley private credit alum Peter Ma and former CalPERS CIO Nicole Musicco

New York Life Investment Management and Candriam increase Kartesia stake to 80%
The two firms previously held 33% of the ownership of the private debt company, which is expected to enter the European CLO market soon

Janus launches higher risk-return CLO ETF for institutional investors
The new CLO ETF will focus on investing in AA to A CLO tranches and will offer a slightly higher target return than the firm’s flagship AAA CLO ETF product

CalPERS, other large investors embrace a strategy that may send more cash to private markets
ANALYSIS: Institutional investors that switch to the Total Portfolio Approach will have more flexibility to commit to private market asset strategies like private debt and private equity

Private credit secondaries poised for insurer activity – Coller
ANALYSIS: Credit secondaries are the natural buyer universe for structured notes, which have become a popular way for insurers to gain private credit exposure

CPP Investments open to buying another asset manager
The Canadian institutional investor, which acquired Antares a decade ago, would be open to another deal, head of capital solutions David Colla said at a media roundtable

Banner Ridge hits USD 4.2bn hard cap for credit secondaries fund
The oversubscribed fund, Banner Ridge Secondary Fund VI, will acquire stakes in opportunistic credit and special situations funds

Pathlight secures USD 1.9bn for asset-based lending
The firm held a final close for its fourth fund and raised capital via its parallel evergreen fund