Owl Rock targets $1 billion for first lien-focused loan fund
New York-headquartered credit manager Owl Rock is eyeing a massive $1 billion for its new first-lien debt focused vehicle, which will sit alongside its existing BDCs 

Oaktree's direct lending expansion gathers pace with new US fund
Los-Angeles headquartered Oaktree Capital has raised at least $85 million for its mid-market direct lending fund

Capital Dynamics registers debut direct lending fund
Zug-based Capital Dynamics is looking to launch Capital Dynamics US Middle Market Credit Fund after establishing a private credit business over the last 12 months

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

Orix acquires US mid-market lender NXT
Japanese financial services firm Orix, has agreed to acquire US mid-market lender NXT Capital

Ohio pension fund seeks to deploy $200 million in private credit
An Ohio pension fund is looking to commit $200 million to private credit in the next year

Michigan pension fund looks to commit $80 million to debt funds
The $114 billion Michigan pension fund is looking to commit to two private debt funds managed by London-based Kreos Capital and New-York headquartered MidOcean Credit Partners

Ranger board chairman resigns with direct lending fund liquidation on the cards
Three board members, including chairman Christopher Waldron, have stepped down from the Ranger Direct Lending Fund

Wells Fargo AM names head for new European private debt arm
Wells Fargo Asset Management has launched its European private debt arm and named Brian Van Elslander as head of private strategies, according to an internal memo seen by Creditflux.

Ranger direct lending fund set to wind-up as Ares withdraws candidacy
A new development in the Ranger Direct Lending Fund saga: Ares withdraws its proposal to assume managerial responsibilities for the fund

Swiss manager launches agriculture-focused impact debt fund
Zurich-based responsAbility Investments has launched its second open-ended private debt fund, which will invest in sustainable agriculture and development

Patrimonium holds first close for two European direct lending funds
Direct lender Patrimonium Asset Management has held a first close for two of its direct lending funds, Creditflux has learned.

Hamilton Lane holds $900 million final close for private credit fund
Pennsylvania-headquartered Hamilton Lane has doubled its initial $450 million target and held a $900 million final close for its fourth strategic opportunities fund

Invesco raises $150 million for distressed debt fund
The vehicle, which has a $500 million target size, has raised a total of $146.18 million capital commitments, according to SEC filings

Onex raises $314 million for debut direct lending fund
Onex Credit Partners has raised $314 million for Onex Credit Lending Partners I - which has a $500 million target size, according to US SEC filings.

Patrimonium set to launch two European direct lending funds
Direct lender Patrimonium Asset Management is launching two new direct lending funds – with both funds anticipated to hold first closes at around €150 million in the coming week, according to market sources

HSBC asset management unit raises $800 million for global multi-manager loan fund
As a multi-manager fund,  the new vehicle aims to offer the benefits of fund-of-funds - diversification - but with a management fee comparable to a single manager 

SME lender ESO expands into Germany
London-based ESO Capital, a lender to European SMEs, has opened a new Frankfurt office – which it says signals its commitment to German-speaking countries

San Francisco pension fund to deploy up to $4.5 billion in private debt
The City and County of San Francisco Employee’s Retirement System has revealed details of its new private debt pacing plan - which will see it deploy up to $4.5 billion and partner with up to 25 private debt managers over the next six years

Sound Point wins $125 million mandate for strategic credit fund
Sound Point Capital Management has won a $125 million mandate for its Strategic Capital Fund, which will provide liquidity solutions to US stressed and distressed companies 

Oaktree nominates two directors to direct lending board following "poor decisions"
A further development in the Ranger Direct Lending Fund saga has taken place with Oaktree Capital Management - an 18.56% shareholder - having nominated two new directors to add to its board

Carlyle and Oppenheimer opt for interval fund structure as part of JV
The new private credit fund will invest at least 80% across loans and structured credit (Including CLOs), opportunistic credit, direct lending and liquid credit, SEC filings reveal

Private equity firm launches cannabis credit fund
Private equity firm Gotham Green Partners has become the latest fund manager to launch a strategy geared towards the cannabis sector

New York pension fund signs up to new SVP distressed debt fund
New York State Common Retirement Fund has made a $150 million commitment to distressed debt specialist Strategic Value Partners, board documentations reveal 

Madrid manager holds €50 million first close for sponsorless lending fund
Sponsorless investing proves popular with investors, as Trea holds a €50 million first close for its second direct lending fund - two months after launching