StepStone launches private credit interval fund
New evergreen fund from StepStone is available to both individual and institutional investors  

BlackRock hires from Jefferies to lead private credit push in Southeast Asia
BlackRock continues to build out its private credit teams outside of North America with the addition of a new senior-level hire in Asia

Golub signs strategic partnership with Nassau Financial Group
The private credit manager announced the partnership with Nassau Financial Group, including an investment of USD 200m in equity into Nassau's insurance arm

Funds round up: May 2024
The demand for SRT strategies and special situations funds are on the uptick, as is the demand for managers and funds outside of North America. 

Paul Hastings taps nine attorneys from King & Spalding team
Paul Hastings has upped the ante on its expansion plans in the world of private credit and restructuring by hiring nine seasoned attorneys from King & Spalding

Pennsylvania retirement system allocates to European private credit
The Pennsylvania Public School Employees' Retirement System recently revealed a fresh commitment for hundreds of millions of dollars to European private credit. 

Dechert hires Fried Frank private credit lawyer
Dechert has hired a private credit and funds formation expert as a partner in the firm's financial services practice group

Boutique London manager holds first close on direct lending fund
London-based alternative investment manager Prefequity revealed the first close of its Prefequity Credit Opportunities II fund 

Private credit veteran returns to Barings
Barings is rebuilding its private credit team with the return of a veteran private credit alumni as a managing director in its global private finance group

Alliance Bernstein grows alternatives business
AllianceBernstein continues to expand its alternatives business with the launch of a new BDC, as well as a further push into strategies such as energy transition, asset-based lending and opportunistic credit

Raymond James and Eldridge Industries launch private credit platform
Raymond James and Eldridge Industries are the lastest additions to the growing list of traditional banks and asset managers teaming up to expand their private credit platforms

Avenue Capital raises billion dollar European special situations fund
New York-headquartered Avenue Capital Group held the final close of a new European special situations fund with more than USD 1bn in commitments

Golub raises USD 2bn for sixth credit opportunities fund
Golub Capital has held the final close of the sixth vintage of its credit opportunities fund, raising USD 2bn

Golub hires from MetLife for new insurance solutions team
Golub Capital has launched a new insurance solutions team, as the firm continues its multi-year plan to build out its investor partners group

US pension fund makes fresh USD 250m allocation to private credit
A US pension system has recently disclosed hundreds of millions of commitments to alternative funds, including USD 250m for private credit

New Mexico pension system approves USD 150m top-up to distressed debt fund
The New Mexico State Investment Council continued to pump money into credit alternatives on Tuesday, as the board approved its latest commitment