Maverick draws in $200 million for distressed real estate debt fund
Maverick Real Estate Partners has held a final close for its fifth real estate distressed debt fund, hitting its $200 million hard cap

Värde raises $400 million for Asia credit fund
Värde Partners has closed its inaugural Asia-focused fund at $400 million - six months after launching

Los Angeles pension backs Lone Star fund
Los Angeles Fire and Police Pension System has approved a commitment of up to $40 million to Lone Star Fund XI, according to a monthly report  

Ellington partners with Trium for new credit Ucits offering
Ellington has joined the alternative Ucits party, partnering with London-based Trium Capital for Ellington Trium Alternative Credit Ucits, a long/short credit Ucits fund.

DRC hits £750 million hard cap for UK whole loan fund
The European real estate lender has held a final close for its inaugural  UK Whole Loan Fund at its £750 million hard cap

Apollo draws in $2.36 billion for structured credit fund
Apollo Global Management is edging towards a final close for its fourth structured credit fund

Laxfield increases size of UK debt fund to £750 million
Laxfield Capital, a UK-based real estate debt firm, has upsized the size of its real estate debt fund Laxfield LLP to £750 million ($986 million)

BlackRock becomes latest manager to explore interval fund structure for credit
Several managers have hit the market with the interval fund structure, as investors look to invest in illiquid strategies through an illiquid fund structure

American Beacon teams up with Apollo for credit interval fund
Regulatory filings reveal that Apollo will allocate assets across four main areas: US corporate credit, global corporate credit, structured credit and real estate credit

Louisiana pension fund assigns $200 million to DoubleLine and GoldenTree
Louisiana State Employees' Retirement System has allocated to distressed debt and mortgage credit funds run by two experienced asset managers

US pension fund's new private credit portfolio delivers strong early returns
A US pension fund recently created a private credit bucket and this has generated 9.25% time-weighted returns

Värde picks up $250 million for Asia credit fund in just four months
Värde Partners has gained $250 million total sales in just four months for its Asia-focused credit fund, US regulatory filings show

New York pension fund earmarks $200 million for real estate debt
New York State Teacher’s Retirement System (NYSTRS) has awarded a $200 million commitment to real estate debt provider Raith Capital Partners

Credit drives strong returns for five of the largest asset managers in the business
Carlyle is close to hitting its ambitious fundraising target; direct lending has been kind to Ares; and Och-Ziff has decided to shed its US CLO risk retention stakes after exiting its financing agreements

GAM launches new commercial real estate debt fund
Zurich-headquartered GAM Investments has launched of a new commercial real estate debt fund, the firm announced today

KKR forms lending JV to target "clear need for UK mainstream housing development"
KKR and London-based Urban Exposure, a specialist residential development finance provider, have formed a strategic partnership and launched a lending joint venture to target significant opportunities in "mainstream housing throughout the UK”.  

Stone Point acquires majority interest in real estate credit manager Sabal
Real estate credit manager Sabal Capital Partners is set to be acquired by private equity form Stone Point Capital

Texas pension fund mandates $100 million to real estate credit fund
Texas County & District Retirement System has mandated $100 million to a real estate credit fund managed by New York-headquartered Taconic Capital Advisors

Square Mile boosts real estate debt strategy with $152 million
New York-headquartered Square Mile Capital Management has raised at least $152 million for its second credit fund 

IFM looks set to launch infra debt fund for Korean institutional investors
IFM Investors and KDB KIAMCO are looking to launch their second joint infrastructure debt fund – this time, targeting Korean institutional investors

Greystone notches up $750 million final close for real estate fund
New York-headquartered Greystone has held a final close for its Greystone Senior Debt Opportunity Fund with $750 million capital commitments

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

Oaktree raises at least $2.1 billion for second real estate debt fund
Los-Angeles Oaktree Capital Management has beaten its original $1.75 billion target size for Oaktree Real Estate Debt Fund II, US SEC filings reveal

Los Angeles pension fund mandates $35 million to real estate debt fund
A Los Angeles pension fund has mandated $35 million to Almanac Realty Investments for its eighth real estate debt fund, Creditflux understands

Alts firm closes second mortgage fund at $750 million hard cap
The Minneapolis manager's fund will seek investments in newly originated loans, secondary loan trading and other structured securities backed by mortgage assets. The last fund in the series closed at $500 million