Orlando pension fund ups its private debt allocation
The Orlando Police Pension Fund is set to increase its target allocation for private credit by 2%, documents seen by Creditflux reveal

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

HPS wraps up fundraising for specialty loan fund with $4.5 billion of LP capital
New York-based HPS Investment Partners has completed fundraising for its HPS Specialty Loan Fund 2016 - which raised over $4.5 billion of imited partner capital with $6.5 billion of purchasing power, exceeding the initial target of $5 billion

Monroe holds $300 million first close for private credit fund
Chicago-based Monroe Capital has held its first close on its 2017 Monroe Capital Private Credit Fund in the amount of $300 million, a source close to the situation confirms

New Mexico council allocates $100 million each to four credit-focused funds
The New Mexico Investment Council is poised to invest in an HPS Investment Partners loan fund and boost its investments in three credit-focused funds

THL eyes debut as mid-market CLOs boom
The number of active mid-market CLO managers is about to reach double digits with THL hiring Deutsche Bank to structure its first mid-market CLO 

Investors prefer direct lending to CLOs
For the first time in the history of Creditflux’s credit allocator survey, investors have voted direct lending the best investment in credit. CLOs came joint second. By Michelle D’souza

Catholic fraternity puts its faith in Audax for private debt partnership
New York-based Audax Management Company and New Haven-based Knights of Columbus Asset Advisors have partnered together on a private debt fund that has raised almost $123 million in a year

Adams Street adds Ares private credit specialist to its New York office
Adams Street Partners has expanded its private credit team with the addition of former Ares Management official Justin Lawrence.

Riverside seeks $350 million for new fund within recently launched credit arm
Global private equity firm The Riverside Company is looking to raise up to $350 million for a new credit fund

AB steps up fundraising for BDC
AB is raising funds for its AB Private Credit Investors Corp, previously known as AB Private Credit Corp, filings show

Kentucky pension funds invest $150 million in two US managers
Kentucky Retirement Systems has agreed to invest $150 million in private credit assets with two US asset managers, and has hired a new consultant to advise on asset allocation

Mid-market CLO issuance crosses $10 billion as Madison prices reset
Madison Capital Funding priced a reset of a 2014 middle-market CLO this week, according to market sources

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

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

Leading fund: Lupus Alpha CLO Opportunity Notes I
Single-B CLO trades boost Lupus Alpha asset Management

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

Cerberus outlines CLO-based mid-market financing strategy
Cerberus claims not to be a CLO manager (not in the traditional sense anyway), but the firm is targeting two more mid-market CLOs this year

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

Think outside the box
While the US market credit is the most liquid and the UK is considered the home of European direct lending, there are opportunities further a?eld