Bow River Capital acquires asset-based lending firm
The acquisition will add a 12-person team and a strategy focused on providing private, asset-based loans to companies in the lower middle market

Sound Point scores USD 1.1bn first close for asset-based lending fund
The fund, which expects a final close by the end of the year, has already blown past its USD 1bn total target

Evolution hires new managing director from JP Morgan
Evolution Credit Partners has added a managing director on the investment team, helping grow the Boston-headquartered firm's working capital finance and leveraged finance businesses

Stonepeak hires veteran investor to expand credit team
Stonepeak, an asset manager specializing in infrastructure, announced that Michael Leitner has joined the firm as a senior managing director.

Fund performance: European CLO funds lead the way
February was a positive month for many funds, as only one quarter failed to reach the black. This builds off a stellar start to the year: 96% of funds reached a positive return in January

Kayne Anderson closes $1.87 billion real estate debt fund
Kayne Anderson has closed a fourth real estate debt fund at $1.875 billion, surpassing its intitial $1.5 billion target 

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

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

Axa IM launches multi-strat fund for pensions
Axa Investment Managers’ ‘alternatives’ business has launched an open-ended strategy for pension funds

Fund performance: Déjà vu as April leaders dominate
CLO funds stayed in the top flight for another month as they took over the top 10 credit hedge fund return table in May, when 87% of all funds listed made positive returns

Atalaya hits $1 billion hard cap on private credit fund with 10-13% return target
Atalaya Capital Management has hit its $1 billion hard cap on its private credit speciality finance fund, Asset Income Fund V

Brookfield holds $2.7 billion final close on second infrastructure debt fund
Brookfield Asset Management has held a $2.7 billion final close on its second infrastructure debt fund, Brookfield Infrastructure Debt Fund II, exceeding its $1.7 billion initial target

Bridge builds $1.5 billion real estate debt fund
Bridge Investment Group is targeting $1.5 billion for its fourth dedicated commingled closed-end US real estate debt fund

LP round up: $2.8 billion flows to credit as Apollo concedes fundraising may slow
Florida Retirement System Trust Fund made the largest commitments allocating $1.6 billion. Apollo meanwhile acknowledged a potential slowdown in fundraising as investors await results on an independent review into CEO Leon Black's relationship with Jeffrey Epstein

Credit fundraising: Dubai manager gets in on the act as direct lending takes off
Shuaa launches credit fund in the Gulf as Ares, Contingency, HPS and Perceptive are among those to close billion-plus funds

Greystone reaches $1 billion for real estate debt fund after re-opening fundraising
Greystone has collected a further $250 million from investors for its inaugural real estate debt fund, Greystone Senior Debt Opportunity Fund (B) after the firm decided to re-open fundraising

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 

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.

KKR closes $1.3 billion global impact fund
KKR has made a final close of its KKR Global Impact Fund SCSp at $1.3 billion  

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

Texas pension backs ICG credit fund
Texas County & District Retirement System (TCDRS) committed $167 million to a fund managed by Intermediate Capital Group in January, according to documents seen by Creditflux.  

Private debt takes centre stage as Arizona looks to bolster credit allocation to 25%
Arizona State Retirement System remains bullish on credit with the $41.9 billion institution looking to bolster its entire credit allocations to almost a quarter of the fund - and private debt will take centre stage in the Arizona pension’s growth plans

US pension fund earmarks $1.3 billion for credit
Teachers’ Retirement System of the State of Illinois (TRS) is set to commit $1.3 billion to credit funds, as part of its global income portfolio.  

Värde taps growing CRE CLO market for the third time
Värde Partners closed a $627 million CRE CLO last week via Goldman Sachs

Bridge builds $1.5 billion US real estate debt fund
The fund has recieved a $25 million commitment from Ventura County Employees’ Retirement Association as part of its private credit pacing plan