LP round up: Connecticut eyes Fortress for private credit partnership
Investors placed $3.3 billion across 26 credit mandates over the past fortnight, according to documents seen by Creditflux 

Tikehau launches three private debt funds and sells 54% stake in DWS
Tikehau Capital’s private debt group had a busy first half of 2020, with key highlights including three fund launches: its first open-ended private debt fund, a new French direct lending fund and a first close on its fifth flagship European direct lending fund

LP round up: Oregon eyes $1.8 billion into structured credit
Institutional investors have earmarked over $6 billion to credit funds over the past two weeks

Crestline prepares third speciality lending fund
Crestline Investors is preparing to launch its third speciality credit fund, Crestline Speciality Lending Fund III

LP round up: managers keep fundraising hopes high as GSO targets $7.5 billion for mezz offering
Institutional investors allocated $1.6 billion into credit this week, according to documents seen by Creditflux

Artemid reaches €400 million first close on third senior debt fund
Artemid, the jointly owned subsidiary of Capza and Amiral Gestion, has held a €400 million first close on their third fund senior debt fund

EIF backs Oddo's inaugural mittelstand debt fund as it holds €131 million first close
Oddo BHF Asset Management, the Franco-German asset manager, has held a first close on its inaugural German Mittlestand debt fund and has recieved a cornerstone investment from the European Investment Fund 

BNP Paribas AM collects €576.5 million for second European debt fund
BNP Paribas Asset Management has held a final close on its second European debt fund, BNP Paribas Euro SME Debt Fund II, which provides senior debt to small and medium-sized companies primarily in France, Italy and Belgium

Four managers join forces on gigantic £1.9 billion unitranche
The supersized transaction to Ardonagh Group, led by Ares, is the largest ever unitranche facility

Bridgepoint buys EQT's credit business - report
Bridgepoint is buying the credit business of EQT, according to the Financial Times

LP round-up: mighty Oaks win $1 billion apiece from Calpers
Credit investors allocated over $3 billion to 18 credit managers this week across a wide range of strategies

BNP Paribas unit holds final close on special opportunities fund of funds
BNP Paribas Capital Partners has held a final close on its European special opportunities fund of debt funds

Patrimonium launches two private debt funds
The Swiss-based direct lender its targeting  €800 million for its second co-investment fund with Credit Suisse and has developed a new credit opportunities strategy

Denominator effect expected to drive LP-led private debt secondaries
Institutional investors are expected to engage in rebalancing trades to counter the 'denonimator effect', a move that should lead to an increase in private debt secondary trades

Alcentra's 'significant personnel changes' lead pension to terminate private credit contract
Los Angeles City Employees Retirement System has plans to rescind and terminate its private credit contract with Alcentra "based on significant and unexpected turnover of senior personnel”, according to documents seen by Creditflux. The pension is instead looking to redeploy commitments to Crescent Capital

Muzinich subsidiary launches €417 million Italian credit fund
Springrowth, a subsidiary of Muzinich, has held a €417 million final close on an Italian direct lending fund in which Muzinich partners with local banks for origination. The Milan-based firm is also fundraising for a Rescue Financing fund to support companies affected by the coronavirus crisis

Crescent closes second European direct lending fund at €1.6 billion
Crescent Capital has raised €1.6 billion for its second European direct lending fund, exceeding the original €1 billion target size, according to an announcement

Direct Lending Perspectives underlines record-breaking 2019 issuance
European direct lending volumes hit €18.2 billion in a record-breaking 2019, according to the European Direct Lending Perspectives report by Creditflux and Debtwire

Coronavirus dampens fundraising but unlocks opportunities, say direct lending event attendees
Direct lenders could see ample opportunity for capital deployment as volatility takes hold of the term loan B and high yield markets amid Coronavirus uncertainty - and fund investors should not hold off from committing any capital 

Real assets are now the top picks in private credit
Direct lending is no longer the darling of the private credit market, with pension funds increasingly making space for credit strategies backed by real assets.

AlbaCore closes €1.5 billion direct lending fund nearly 60% deployed
AlbaCore Capital has deployed around 60% of its second direct lending fund, with the London-based manager closing the fund at €1.5 billion

European unitranche deal flow increased 11% last year, finds GCA
European direct lending unitranche deals completed in 2019 increased by 11%, according to GCA Altum's Q4 2019 MidCap Monitor, marking a record year for the industry 

Investors preferred real asset debt to corporate private debt in 2019, finds Bfinance
Bfinance stated that, in dollar terms, real asset debt searches conducted by investors outweighed corporate private debt searches in 2019

Amundi joins forces with French bank to launch midcap loan fund
Amundi has partnered with French bank LCL to launch a mid-cap direct lending fund - and the fund has collected €130 million on its first close, just over half its target size 

Banco Sabadell joins forces with Amundi
Banco Sabadell and Amundi have announced a long-term strategic partnership, in a bid to boost fund business in Spain