US pensions increasingly eye European private credit amid expanding allocations, diversification pressures
US public pensions have committed at least USD 4.4bn to European private credit strategies since July 2024  

ICG raises EUR 3bn for junior private debt, equity
The global alternative asset manager will invest in middle market companies across Western Europe

ICG hires Sixth Street alum Grandjean for pan-European private credit
ICG has hired Pierre Grandjean, who most recently was at Sixth Street in specialty lending, to join its European direct lending team, Senior Debt Partners

ICG holds largest ever European direct lending fundraise
ICG Senior Debt Partners V broke records with a final close at USD 17bn (approximately EUR 15.2bn), the largest European direct lending fundraise to date

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. 

Schroders Capital adds new global head of business development and product
Schroders Capital turned to ICG to source its newly-created role of global head of business development and product

Connecticut Retirement Plans and Trust Funds commits more than USD 600m to credit manager
Connecticut Retirement Plans and Trust Funds has allocated approximately USD 625m to pension funds in the state's private credit portfolio

ICG hires new global head of credit
Asset management firm ICG has hired ScION Tech Growth Chief Executive Officer Mathew Cestar as the firm's global head of credit

ICG holds first close on US private credit fund
In total, ICG says it brought it $2.8 billion for its private credit strategies in the quarter

LP round up: two managers terminated as 20 win $2.5 billion
US institutional investors allocated over $2.5 billion to 20 credit managers in October, according to documents seen by Creditflux. Two credit fund managers however were terminated in the month

LP round up: 28 credit managers win $6.6 billion as San Diego carves private credit allocation
Pensions allocated over $6.6 billion to credit managers in June including Angelo Gordon, Antares, Apollo, Ares, Beach Point, BioPharma, Brookfield, CarVal, Cerberus...

Credit funds at a glance (March 2022)
A round up of fundraising and people moves in credit

Pennsylvania pension reveals $500 million in commitments to three private credit funds
Pennsylvania Public School Employees' Retirement has revealed three private credit commitments as part of $1.1 billion in allocations to its alternatives bucket

LP round up: $3.2 billion flows to 21 managers as private credit illiquidity premium holds firm
Investors allocated at least $3.2 billion to credit managers in April - and direct lending funds were in favour with Churchill and Ares being awarded two mandates

Credit fundraising: three massive European direct lending funds notch up €17.6 bn
Fundraising figures continued upwards in April as just over $24 billion was raised for credit funds, alongside $3.2 worth of allocations to credit managers. Nine funds held final closes including the largest European direct lending fund raised to date

Credit funds at a glance (April 2021)
A round-up of fundraising and people moves

Senior Pimco distressed portfolio manager joins ICG
Intermediate Capital Group says that it has hired a senior Pimco official as managing director and co-head of special situations in London

ICG hires managing director to direct lending business
Intermediate Capital Group has appointed a managing director within its European senior direct lending team

ICG collects €4.2 billion for senior debt strategy, plans real estate debt fund launch
Intermediate Capital Group collected a further €1 billion for its latest senior debt strategy over the past six-month reporting period, taking the total amount for ICG Senior Debt Partners IV and separate mandates up to €4.2 billion

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

ICG opens Milan office
Intermediate Capital Group has announced the opening of an office in Milan

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 

ICG plans €1 billion European special situations recovery fund
Intermediate Capital Group is targeting a €1 billion final close on its second multi-strategy special situations fund, which aims to exploit opportunities in the loan market arising from the coronavirus-induced pandemic

ICG hires two for its European real estate debt platform
Intermediate Capital Group has hired two managing directors to its European real estate debt platform, according to an announcement today

ICG hires two for new mid market strategy after raising €1 billion
Intermediate Capital Group has made senior hires to help source deals and invest through a €1 billion middle market fund launched last year