Fundraising's a hoot for Owl Rock as its BDC reaches $4.6 billion
New York-based Owl Rock has raised $4.6 billion since March 2016 for its mid-market debt fund, a regulatory filing reveals.

TCA global credit fund benefits from inflows
TCA's Global Credit Fund has grown by $37.5 million in 12 months, bringing its total to $131.1 million

Former Bain credit specialist joins North Wall as partner
North Wall added former Bain credit specialist Alexander Garnier to its ranks earlier this summer

Metrics targets retail as funds reshape Australia’s loan market
Fund launch marks a turning point for a corporate loan market that has been largely inaccessible to non-bank investors since the financial crisis

Arizona retirement trust ups its private debt allocation by $75 million
The Arizona Public Safety Personnel Retirement System (PSPRS) is set to up its private debt allocation, committing up to $75 million to a New York-based manager.

Guggenheim to take over $400 million mid-market credit fund
Guggenheim will take over as Interim Investment Advisor to the fund on 11 September. The fund’s board of trustees is currently seeking shareholder approval for Guggenheim to become the permanent advisor after that.

New England pension to invest $100 million in new Tennenbaum fund
The Maine Public Employees Retirement System (MainePERS) plans to invest up to $100 million in the upcoming Tennenbaum direct lending fund

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

Angelo Gordon raises its second direct lending fund in two years
Twin Brook Capital Partners has announced the final close on its second direct lending fund at $1.6 billion. Taking into account related managed accounts, the Angelo Gordon subsidiary has raised $2.3 billion for the strategy

Abraaj steps up fundraising for new $500 million global credit fund
The International Finance Corporation is looking to make a $20 million allocation to a new credit fund being launched by Abraaj Group

HIG raises new fund as head reveals secret sauce in direct loan origination
HIG WhiteHorse has announced that it has closed its debut direct lending fund, the HIG WhiteHorse Direct Lending Fund, after making a big push into the strategy last year

Hayfin raises €2.2 billion for special opportunities strategy
Hayfin Capital Management yesterday announced that it has completed fundraising for its new special opportunities strategy

Twin Brook adds $110 million loan as it builds mid market portfolio
Angelo Gordon’s Twin Brook Capital has made one of its biggest loans to date, according to well placed sources, as it ramps up a recently launched US mid-market credit fund

Carlyle poaches credit specialist from HPS in New York
Carlyle Group is continuing to pump resources into credit with the firm announcing that it has hired a head of credit opportunities based in New York

Beechbrook UK fund hits 51% deployment mark
Beechbrook Capital’s UK direct lending fund is now 51% invested with the London-based manager noting that it has now deployed £77 million ($98 million) from its UK SME Credit I fund

Onex raises capital for new direct lending strategy
Onex Credit is making rapid progress in raising its inaugural direct lending fund, after hiring Goldman Sachs's Walt Jackson to set up this business in 2016

Partners Group tops €1 billion for new multi-asset credit programme
Partners Group says that it has raised €1 billion for what it describes as a multi-asset credit programme

Texas pension fund stocks up on direct lending with $675 million allocation
A US pension fund is clearly a big fan of direct lending strategies having hired two managers. It has now committed $1.2 billion to direct lenders this year

Twin Brook emerges as backer of three new acquisition loans
Details have emerged of three new loan investments by Twin Brook Capital Partners, Angelo Gordon’s mid-market credit specialist, as it continues to ramp up its latest fund

Pension fund decides against direct lending allocation - for now
West coast pension fund bides its time as it looks for more information on direct lnding before committing

Columbus-based pension fund supports upcoming LBC credit offering
A US pension scheme has agreed to invest in a fund, which is targeting 15% returns

Permira adds investment for its latest direct lending fund
Permira Debt Managers has made a loan as sole lender to finance 21 Centrale Partners’ acquisition of French software company DL Software

Direct lending hopeful Advent appoints chief of staff
$9 billion asset manager Advent has brought in a chief of staff and strategy

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