Carlyle targets upper mid-market credit for new $3.1 billion fund
Carlyle Group has raised $3.1 billion for the first fund in its credit opportunities series.

Highbridge refocuses on credit as it liquidates listed multi-strategy fund
Highbridge Capital Management has announced to investors in a multi-strategy fund that it is winding down the vehicle and refocusing its business exclusively towards credit

US pensions funds allocate to Lone Star and Raven credit strategies
Two US-based pension schemes have invested in funds with exposure to credit, highlighting the appetite of institutional investors towards off-the-run asset classes.

Alaska pension commits $545 million to seven credit funds
Alaska Permanent Fund Corporation has earmarked $545 million to funds across the credit spectrum across Q2, according to 27 February board documentation

HPS targets $8 billion for flagship mezzanine strategy
HPS Mezzanine Partners 2019, the firm's fourth fund in its mezzanine strategy, has won $100 million from a Louisiana pension fund 

Golding holds €580 million final close for private debt fund
Golding Capital Partners has held a final close for its private debt fund strategy at €580 million

Blackstone builds on multi-asset approach with fifth fund
The new vehicle will invest directly into Blackstone deals across its alternatives platform

Crestline holds $600 million final close for PE-focused financing fund
The new fund will provide financing to private equity funds post their investment period, allowing them to provide follow-on growth capital to portfolio companies or additional liquidity 

Credit drives strong returns for five of the largest asset managers in the business
Carlyle is close to hitting its ambitious fundraising target; direct lending has been kind to Ares; and Och-Ziff has decided to shed its US CLO risk retention stakes after exiting its financing agreements

Neuberger's Dyal acquires minority stake in HPS
Dyal Partners, a division of Neuberger Berman, has acquired a minority equity stake in global credit manager HPS Investment Partners

Private debt impact funds demonstrate their value in emerging markets
Private debt is becoming an important channel for impact investing with over a third of impact investing AUM tied to private debt, according to a new survey

Structured credit specialists seek future-proofing in direct lending
At the turn of the last credit cycle, structured credit recovered spectacularly – but credit managers today seem to be gravitating towards private credit as the area to pick up excess returns in a downturn

Direct lenders pile into "turbocharged" market as fundraising skyrockets: report
Growth in the direct lending market in the 12 months to 31 December was “turbocharged,” growing robustly in the fourth quarter 2017 in particular due to a consistently growing Eurozone economy, according to Deloitte

UK pension mega-fund to increase credit allocation following equity reduction
One of the UK's largest pension funds looks set to increase its allocation to credit after reducing its equity allocation by 15%

Direct lending head says market is overheating
A 2018 outlook report by KKR suggests now’s the time to reduce exposure to direct lending. This comes as another part of KKR goes on a direct lending fundraising spree

KKR raises $2.24 billion for second private credit opportunities fund
Global investment firm KKR has announced the final close of its second private credit opportunities fund, KKR Private Credit Opportunities II, at $2.24 billion

Private debt performance shines in institutional investing study
A quarter of institutional investors say private debt outperformed their expectations over 12 months to 28 August 2017

Private debt manager makes multi-million dollar sales for third credit opps fund
Private debt manager Park Square has made significant sales for its Capital Credit Opportunities III fund over the course of a year, regulatory filings indicate

Closed-end fund Great Elm takes direct hit from falling satellite credit
Listed credit vehicle Great Elm Capital suffers income mismatch as largest position pays-in-kind

Ares keeps up direct lending growth and plans new credit fund launch
Ares Management’s credit business just keeps growing, with the firm planning a new fund launch and a continued push into European direct lending, according to a recent results presentation

Crestline raises $1.3 billion for its latest credit strategy
Crestline Investors has closed its third credit opportunity fund, according to a press release. The firm states that Opportunity Fund III and related managed accounts secured over $1.34 billion of capital commitments

KKR's private credit fund fund targets Hong Kong and now South Korea
KKR has raised $301.1 million for its KKR Private Credit Opportunities Partners II (EEA) LP fund, which appears to be targeting Asia-based investors

Barings goes global with new mid-market strategy after rapid fund raise
Barings says that it has raised $1.3 billion for a new middle-market credit fund after less than six months on the marketing trail

Direct lenders look to spread their wings and cross the Atlantic
Middle-market lending is becoming a global business amid talks of JVs

BlueBay, Brightwood and Permira win private debt mandates
BlueBay Asset Management, Brightwood Capital Advisors and Permira Debt Management have been tasked with overseeing a London pension fund’s direct lending portfolio