Senior credit origination head joins Oaktree in London
Oaktree Capital Management has hired a managing director for sourcing and origination

Audax raises $3 billion for unitranche direct lending fund
With leverage, the fund has around $4.5 billion total investable capital

PAG closes 'largest' Asia-Pacific direct lending fund
PAG has closed its fifth pan-Asian direct lending fund, PAG Loan Fund V, at its $2.6 billion hard cap

Calpers allocates $2.75 billion to two credit managers
US pension heavyweight California Public Employees Retirement System earmarked $3 billion to credit funds in the third quarter of 2022, according to recent board materials 

LP round up: two managers terminated as 20 win $2.5 billion
US institutional investors allocated over $2.5 billion to 20 credit managers in October, according to documents seen by Creditflux. Two credit fund managers however were terminated in the month

Franklin Templeton and Benefit Street launch credit interval fund
The pair have launched a multi-strategy credit interval fund named Franklin BSP Private Credit Fund, which will invest across US private credit

MUFG welcomes two senior originators to new US direct lending team
Mitsubishi UFJ Financial Group has made two senior appointments to its new direct lending business

Arcmont gains regulatory approval for new Milan office
Arcmont Asset Management says it has received regulatory approval for its newly established Milan office from Consob and the Bank of Italy

First Eagle wraps up fundraising for $1 billion direct lending fund
The strategy will target 6-9% net internal rate of return for its unlevered sleeve and 8-11% net IRR of return for its levered sleeve

Bain collects $2 billion for second Asian special situations fund
Bain Capital has collected more than $2 billion for its second special situations fund, Bain Capital Special Situations Asia Fund II. The vehicle had an initial $1.5 billion target

Pantheon exceeds $500 million target for second private debt secondaries fund
Pantheon has held a final close of its second private debt secondaries fund, Pantheon Senior Debt II, at $834 million

Medley and former CEOs pay $10 million to settle SEC charges over AUM misrepresentation
The respondents have agreed to pay $10 million in civil penalties, without admitting or denying the findings

Monroe collects $4.8 billion for fourth US direct lending fund
Monroe Capital has closed its latest US direct lending fund with $4.8 billion of investable capital, which includes $2.3 billion in commitments, $1.1 billion of leverage and $1.4 billion from managed accounts

Alantra hires two senior officials to private debt team
Alantra has hired two senior officials to its private debt team from BeSpoke and Seaport 

LP round up: Oak Hill wins $3bn mandate as credit allocations near $10bn in March
Institutional investors revealed over $9.5 billion of allocations to credit funds in March. Oak Hill Advisors walked away with the largest mandate, as US heavyweight pension Calpers allocated a whopping $3 billion across several of its funds

Pemberton adds to credit build out with NAV financing hire
Pemberton Asset Management has confirmed an appointment to lead a new net asset value financing strategy in what marks the firm’s third new business line in five months

Crestline collects $3.6 billion across three private credit fund closes
The Fort Worth, Texas-based manager has closed its fourth opportunistic credit fund, third direct lending fund and second portfolio financing fund

Constellation buys into real estate and mid-market corporate specialist
Constellation Capital has bought a passive, minority equity stake in Post Road Group, according to a joint-announcement. The transaction comes shortly after Post Road raised over $300 million for Post Road Special Opportunity Fund II

Crescent raises $6 billion for US direct lending strategy
Crescent Capital Group has closed its third US direct lending fund, Crescent Direct Lending Fund III, with $6 billion of investable capital 

Pemberton hires former BlackRock official for new Dubai office
Pemberton has become the latest credit manager to expand its presence in the middle east with a new Dubai office

Crestline raises $1 billion for second portfolio financing fund
Crestline Investors has held a $1 billion final close on its second portfolio financing fund, Portfolio Financing Fund II

Pennsylvania pension reveals $500 million in commitments to three private credit funds
Pennsylvania Public School Employees' Retirement has revealed three private credit commitments as part of $1.1 billion in allocations to its alternatives bucket

Ares rounds out bumper year for direct lending with $14 billion US fund
Ares Management is ending 2021 with yet another massive direct lending fund-raise

LP round up: CLO fund included in whopping $13 billion of credit allocations in November
Credit took centre stage in November as investors allocated over $13 billion to credit funds in the month, with one pension allocating $50 million for a European CLO risk retention fund 

White Oak deploys 80% of new $1.3 billion non-sponsored direct lending fund
White Oak Global Advisors has closed its latest direct lending fund, White Oak Yield Spectrum Fund V, at over $1.3 billion and recieved a further $1 billion for asset-based lending