A Texas pension discloses investment in CLO equity fund
Texas Municipal Retirement System commits USD 775m in Q2 2025, including investment in OHA's CLO equity fund

Private credit firms lean on origination partners to push into asset-backed lending
The private credit juggernaut keeps trundling on, with firms such as Carlyle and Fortress thrusting into the private asset-backed finance market, which by some estimates could be worth USD 30tn

Virginia, New Mexico among pension systems making new private credit commitments
Virginia Retirement System allocates USD 500m under credit strategies portfolio, while New Mexico State Investment Council allocates USD 250m to Fortress Investment Group and Indiana Public Retirement System commits USD 200m to HPS

Fortress rolls out hybrid, evergreen asset-based credit fund
The Asset-Based Credit II fund allows investors to roll commitments and earnings into successor funds in the same series

Mubadala to deploy USD 1bn alongside Fortress into private credit co-investments
The new partnership will see the Middle Eastern investor giant co-invest with Fortress’s existing strategies across private credit, asset-based lending, and real estate  

Former Fortress Partner joins Star Mountain
The new managing director Cohan joins the investment team and will be based on the west coast  

Fortress taps BlackRock for sponsor coverage hire
Fortress Investment Group has hired a new director to focus on sponsor coverage and origination in in Fortress’ credit business

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 (May 2022)
A round up of fundraising and people moves in credit
   

LP round up: two CLO funds win support as Cali pensions home in on private credit
Two investors revealed allocations to European and US CLO funds, private credit allocations increases and private credit consultant searches get underway

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

Pretium swoops for three managing director hires to residential credit business
Pretium has made three managing director hires to its residential credit business in New York 

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

LP round up: Dutch pensions put €1.3 billion into infra debt
Institutional investors allocated over $2 billion to credit funds in January. Opportunistic credit funds were a favourite but the biggest moves came in infrastructure debt

Ex-Fortress official launches $1.5 billion litigation finance firm with Tetragon backing
The new business is backed by Tetragon’s TFG Asset Management, which will receive a minority equity interest, while Fortress has entered into co-investment agreements with the newly launched firm 

LP round up: $5 billion flows to credit as private market allocations increase
Global institutional investors allocated nearly $5 billion to credit funds this week, according to documents seen by Creditflux

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 

LP round-up: Champaign pension raises a glass (or bucket) to private credit
Institutional investors allocated over $600 million to 11 managers this week, according to board documentation seen by Creditflux

Fortress digests CraftWorks bankruptcy
CraftWorks Holdings filed for Chapter 11 bankruptcy yesterday, with Fortress Investments holding all of the Tennessee restaurant operator's first lien debt - of which over half is in middle market CLOs. The New York-based firm has submitted a “stalking horse” bid to buy CraftWorks' assets

Owl Creek turns heads to special situations with new fund
The firm joins several other distressed investors preparing to take advantage of a potential downturn

San Francisco pension deploys $125 million into private credit
San Francisco City and County Employees' Retirement System has bolstered its private debt bucket, making a $125 million commitment to a senior debt fund and opportunistic credit fund that builds on other private debt investments since last year

San Francisco pension plans to deploy $800 million to private credit in 2019
San Francisco Employee’s Retirement System will allocate $800 million to its private credit bucket in the coming year, to reach its 10% target allocation 

Fortress targets $6 billion for latest fund in its flagship credit opportunities series
Fortress Investment Group has raised just over $1.05 billion for its latest opportunistic credit fund

Fortress ABS fund surpasses $450 million
New York-headquartered Fortress Investment Group has raised just over $450 million for its asset-based credit fund

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