GoldenTree, KKR and StepStone earn sub-advisor roles for new interval fund
FS Investments is launching a multi-strategy interval fund and has chosen GoldenTree Asset Management, KKR Credit and StepStone Group to act as sub-advisors

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

GSO launches new energy fund and picks up $75 million from US pension
The GSO Energy Select Opportunities Fund II is understood to be targeting $5 billion and has already been chosen by a Louisiana pension fund for a $75 million commitment

Chinese real estate specialist closes latest fund at $276.5 million
Hong Kong-headquartered real estate specialist Starcrest Capital has announced the final close of Starcrest China Real Estate Fund II at $276.5 million

Canadian real estate specialist reveals a year-on-year drop in assets
Terra Firma Capital Corporation has released its 2017 end-of-year financial statements, which reveal an overall drop in assets from CAD$146.7 ($114) million to $143.5 ($111.5) million at the end of 2016 and 2017, respectively

Barings raises at least $372 million for real estate credit
Barings has raised at least $372 million for its latest real estate credit fund, Barings Real Estate Credit Strategies VII, according to regulatory filings

Real estate debt managers receive funding injections from Nebraska pension
Real estate debt specialist Torchlight Investors is among three firms to receive commitments from the Nebraska Investment Council on Friday

Structured credit PM earns promotion as Pimco unveils new managing directors
Structured credit portfolio manager Russell Gannaway is among seven officials to have been promoted to managing director at Pimco

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

Torchlight shines brightly, raising $660 million for real estate debt fund
New York-based real estate debt manager Torchlight Investors has launched its sixth debt opportunity fund, according to 13 March US SEC filings.

Seer holds first close on new credit fund
A structured credit boutique founded by former Deutsche Bank manager Philip Weingord has recently raised $42.5 million for its latest fund in what appears to be a first closing, regulatory filings show

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

Californian pension fund commits $54 million to real estate debt
Stanislaus County Employees’ Retirement Association (StanCERA) has committed $54 million to PGIM Real Estate US Debt Fund, according to documents seen by Creditflux

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

Los Angeles direct lender pulls in $323 million in a year for latest credit offering
Real estate direct lender PCCP has raised about $323 million for its ninth credit fund in the course of a year, regulatory filings indicate

Real estate lender closes two credit funds with backing of insurance company
RRA Companies, which invests in the US commercial real estate lending space, has revealed first closes for two of its funds that form part of the company’s CRE Credit Platform III

Real estate manager launches $1.5 billion credit fund
Utah-based Bridge Investment Group has launched its third direct lending fund, according to regulatory filings seen by Creditflux

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

Blackstone names new president and COO
Global asset manager Blackstone has named Jon Gray, the firm's current global head of real estate, president and chief operating officer

AUM drops but Oaktree dubs 2017 a "strong" year
Alternative investment specialist Oaktree Capital Management has reported a slight decrease in assets under management for the year of 2017 – but the Los Angeles-based firm’s chief executive described the year as a “strong” one for the company

Aberdeen Standard Investments launches global private markets fund
Aberdeen Standard Investments has launched a £138 million Global Private Markets Fund (GPMF), which will invest in a diversified mix of private credit, private equity, real estate and infrastructure

San Diego pension fund approves $100 million for real estate credit fund
San Diego County Employee’s Retirement Association has approved a $100 million commitment to a new real estate credit fund