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

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

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

Texas manager hires Lone Star’s Stahl as MD for distressed credit
Texas-based real estate private equity firm Pennybacker Capital has appointed a new managing director of distressed credit and special situations

New York pension fund invests $200 million in real estate debt
New York State Teachers Retirement System (NYSTRS) has approved a $200 million commitment to real estate debt, according to board documentation

Goldman closes third real estate credit fund with $6.7 billion in total capital
Goldman Sachs has completed its final close for its latest real estate credit investment vehicle, which has $6.7 billion in total capital available to invest including leverage

Keep calm and close a $636 million real estate credit fund
Real estate lender Calmwater Capital has announced the final close of its third US Real Estate Credit Fund with $636 million total commitments

HPS nears $450 million for second real estate credit fund
HPS Investment Partners has raised almost $450 million for its second Real Estate credit fund, regulatory filings reveal

Fund of hedge fund operator appoints new CFO and COO
Alternative investment firm Gapstow has appointed a new chief financial officer and chief operating officer, promoting internally to fill the roles

New York real estate investment fund raises $420 million
New York-based real estate investment management firm Madison Realty Capital has raised more than $420 million for Madison Realty Capital Debt Fund, regulatory filings reveal

Fidelity International names new global head of asset management
Fidelity International has confirmed the appointment of Bart Grenier to the newly created position of global head of asset management in London, a spokesperson confirms

Angel Oak exceeds $250 million target for inaugural mortgage credit fund
The Altanta-based manager has held a final close on its first private debt fund, recieving capital commitments of $291 million 

Carlyle, ICG and Oaktree earn approvals as Chile's first alternatives managers
The news follows recent reforms to Chile’s Pension Fund Law allowing pension fund administrators to invest directly in alternative asset managers

Aegon debuts affordable housing debt fund at $100 million
Aegon US Realty Advisors continues its social impact investing scheme, holding a $100 million close on its affordable housing debt fund 

BNY Mellon completes sale of real estate asset manager
Global asset manager BNY Mellon Investment Management yesterday completed the sale of investment boutique CenterSquare Investment Management 

Japanese internet and telco giant SoftBank completes Fortress acquisition
Japan’s SoftBank Group Corp has completed the previously announced acquisition of Fortress Investment Group for $3.3 billion in cash

Blackstone taps Australia's mortgage loan market with new acquisition
New York-based Blackstone is tapping into Australia’s lucrative mortgage loan market by acquiring an 80% stake in direct lending company La Trobe Financial