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

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

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 

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

Manager prices $90 million securitisation backed by "fix-and-flip" loans
An Atlanta-based asset manager has launched a $90 million mortgage securitisation, believed to be the first to be backed by "fix-and-flip" loans

New York boutique raises $85 million for real estate credit fund
Innovatus Capital Partners has raised $85 million for its real estate credit fund, according to recent regulatory filings

Ares Reit reports year-on-year dip in earnings amid leadership change
The Ares Commercial Real Estate Corporation has announced a changed in leadership – and has reported mixed results for fourth quarter 2017

Texas-based credit and real estate manager launches new fund
Hudson Advisors has launched a credit fund, according to regulatory filings seen by Creditflux

Buoyed by four credit fund closes, Brookfield grows AUM by $35 billion in 2017
Toronto-based property manager Brookfield Asset Management has described 2017 as a “very successful” year characterised by strong fundraising for real assets, as well as significantly increased net income and funds from operations

Managers predict skill will win out
We asked managers to predict the year ahead across a range of credit strategies. Overall, they had a positive outlook. By Grace Jennings-Edquist

KKR Credit wins US pension fund's $300 million private debt mandate
KKR credit has won a mandate from an Iowa pension fund to act as its private corporate debt strategic partner, board documentation seen by Creditflux reveals

Fund platform AMX eyeballs credit funds
Willis Towers Watson’s hedge fund platform has grown to $1.5 billion – and there is space for credit managers