Comvest raises $836 million for leveraged direct lending fund
Following its rebrand in November, middle-market lender Comvest Credit Partners has exceeded the $650 million target size for it fourth direct lending fund 

Direct lending firm and former MD square off in alleged computer hacking row
A co-founder of a New York direct lending hedge fund firm has accused the company of hacking into his personal computer network, according to court documents seen by Creditflux

Co-founder of shuttered firm resurfaces at New York direct lender
A former senior executive from Torrey Pointe has resurfaced at Victory Park Capital in New York

Ironwood raises at least $162 million for new mezz fund
Connecticut-based Ironwood Capital has raised in excess of $162 million for its latest mezzanine fund – Ironwood Mezzanine Fund IV, according to recent SEC filings.

Credit fund manager Drift enters into $50 million secured credit facility
Alternative asset manager Drift Capital Partners has entered into a $50 million senior secured credit facility for its Drift Credit Opportunities Fund

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

Angel Oak exceeds $250 million target for inaugural mortgage credit fund
The Altanta-based manager has held a final close on its first private debt fund, recieving capital commitments of $291 million 

Direct lending leverage takes off
HPS, NXT and Crescent target mid market with leverage in Q4. By Grace Jennings-Edquist

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

Aviation investment specialists land at GAT to start leverage finance unit
A Florida-based aviation specialist has announced the launch of its Leveraged Finance Group (LFG), which will provide secured aircraft financing for lessors, investors and airlines, according a recent press release

US direct lender announces first close at $275 million after Oaktree backing
Direct lender Runway Growth Credit has announced the successful closing of its $275 million initial equity capital raise, including a $139 million commitment from Oaktree

Antares teams up with Bain for direct lending after LStar JV ends
The joint venture, to be named the Antares Bain Capital Complete Financing Solution, replaces Antares’ previous unitranche product, Middle Market Growth Program

Texas manager is in peak condition as it raises $1.1 billion for credit fund
Middle-market specialist raises over $1.1 billion for its latest credit fund, SEC filings reveal. 

New Hampshire pension poised to invest $50 million to energy-related fund
The New Hampshire Retirement System committed to invest $50 million into a new energy-related direct lending strategy at its November meeting

Private equity firm's credit unit raises $110 million at first close for new fund
The fund has a total offering amount of $350 million. It held its first close at $110 million after making its first sale on 31 October, US SEC filings indicate

BDC reports $25.3 million increase in AUM
FS Investment Corporation (FSIC) has cited the “very competitive” nature of the credit market during its third quarter 2017 earnings release

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

Chicago manager launches $1.2 billion leveraged direct lending fund
A new mid-market credit fund has raised $415 million equity capital, exceeding its original $350 million target

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

ICG ramps up European direct lending account for US pension fund
Private equity-style fund has deployed over 62% of its committed capital, filings suggest

Fund placement agent Eaton opens New York office
Eaton Partners, a fund placement agent and wholly-owned subsidiary of Stifel Financial, has opened an office in New York

KKR raises $7 billion through strategic investor partnerships
KKR is prioritising strategic partnerships with institutional investors and longer lock-up vehicles, according to officials at the firm

Ohio pension fund commits $50 million to LA-based direct lending vehicle
After creating a separate private credit allocation earlier this year, the Ohio pension fund continues to develop its exposure to direct lending