Massachusetts Water Authority narrows proposals for opportunistic credit search
Massachusetts Water Resource Authority Retirement System narrows opportunistic credit fund recipients down to three candidates. 

LP round up: Magnetar and Värde among winners as $3 billion flows to credit
Institutional investors allocated at least $3 billion to credit funds in August

LP round up: private credit takes big slice of inflows as 10% portfolio share projected for 2026
Institutional investors revealed nearly $4 billion allocations to credit funds in July, with recipients including Angelo Gordon, Apollo, Ares, BlackRock, Brookfield, CarVal, Comvest, Deerpath, KKR, Schroders and Sixth Street

Apollo invests $1 billion in IG CLOs, launches secondary solutions platform and cuts BDC fees
In its earnings call, Apollo highlighted the resilience of the CLO asset class, strong deployment in direct lending, upcoming reduction in management fees for its publicly traded BDC and the launch of a new secondaries and sponsor solutions platforn, seeded by Abu Dhabi Investment Authority

Castlelake climbs to $1.6 billion final close on fourth aviation fund
The Minneapolis-based firm says it has deployed just over half of the $1.6 billion fund, which invests in “high quality, younger mid-life aircraft and related aviation assets”

Credit Fundraising: September breaks 2021 record and poses question - is it sustainable?
The third quarter ended with $36.5 billion being raised in credit last month, doubling July and August figures. Several of the new funds have embedded Sustainable Finance Disclosure Regulation or ESG criteria at the heart of their investment thesis   

Amundi focuses on ESG-linked margin ratchets in €1 billion private debt fund
Amundi has become the latest manager to place a focus on ESG-linked margin ratchets on its fourth private debt fund, which has a €1 billion target 

Incus targets €500 million for fourth SME credit fund
The Madrid-headquartered firm has launched its fourth asset-backed European credit fund, Incus European Credit Fund IV, with a €500 million target and €650 million hard cap

Sagard holds $650 million first close on second non-sponsored private credit fund
Sagard Credit Partners has held a $650 million first close on its second vintage credit fund, Sagard Credit Partners II. The vehicle has a $1.3 billion hard cap

New Hampshire pension invests $50 million in US direct lending
​New Hampshire Retirement System has allocated $50 million to a US direct lending manage with which it has a relationship, having committed $40 million and $50 million to predecessor funds

Senior CVC official lands at direct lender Graycliff
He co-founded the firm's US mid-market lending platform 

Apera closes inaugural private debt fund at €750 million
The fund surpasses its original €650 million target size

Oaktree reports distressed gains over year despite Q4 losses
Oaktree was not immune from challenging fourth quarter globally. Its distressed debt strategy, for instance, returned a gross loss of 1.5%

Värde raises $400 million for Asia credit fund
Värde Partners has closed its inaugural Asia-focused fund at $400 million - six months after launching

Crescent lands into European direct lending for the second time
Crescent Capital Group is raising capital for its second European direct lending fund - Crescent European Speciality Lending Fund

Texas pension fund earmarks $650 million to four private debt funds
Angelo Gordon, HIG Whitehorse and Värde have secured commitments from the Texas pension fund for their direct lending funds

Comvest raises $836 million for leveraged direct lending fund
Following its rebrand in November, middle-market lender Comvest Credit Partners has exceeded the $650 million target size for it fourth direct lending fund 

Ares keeps up direct lending growth and plans new credit fund launch
Ares Management’s credit business just keeps growing, with the firm planning a new fund launch and a continued push into European direct lending, according to a recent results presentation

Start-up credit manager surpasses $2 billion in AUM in its first year
Owl Rock Capital Partners appears to have pulled off one of the most successful fundraising exercises of 2016 with regulatory filings indicating that the firm has earned commitments of $2.3 billion

Pension fund hires two managers for $100 million direct lending push
Middle-market credit managers Crestline Investors and White Oak Global Advisors have each earned $50 million for upcoming credit funds.