Ares launches direct lending fund for European wealth investors
The firm’s first ELTIF product will give individual investors access to its existing European direct lending strategy

CPP Investments backs Varde’s subline strategy launch
The Canadian pension giant provided USD 300m of strategic equity toward the new fund finance platform

Credit funds at a glance – April 2025
Our roundup of top performers, fundraising and moves in credit

BlackRock pushes private markets for revenue diversification
The world’s largest asset manager is planning to launch three new private credit products for the wealth channel, in addition to its purchase of private credit shop HPS

US-based Diameter Capital moves to enter Europe as a CLO manager
EXCLUSIVE: The credit-focused alternative asset manager has made hires in Europe to issue CLOs in the region, according to sources

Nomura public-private credit fund opens to the masses with SEC rule change
EXCLUSIVE: The new SEC regime repealed a decades long rule preventing non-accredited investors from gaining access to most private market asset funds

Tikehau launches semi-liquid private debt fund for broader investor base
The new fund is the first semi-liquid private credit vehicle available to investors other than French life insurance companies

Goldman launches its ninth mezzanine private debt fund
The latest fund follows the USD 15.2bn West Street Mezzanine Partners VIII that closed in 2023

Aegon AM launches fund for subscription line financing
The new fund will raise capital from institutional investors in Europe and the UK

Muzinich launches new European CLO platform with Eagle Point as strategic partner
The boutique US CLO manager plans to build a European platform that will support "a strong, multi-year pipeline of European CLO issuance"

Swiss investment manager LGT launches new European CLO platform
The alternative investments management arm of the LGT Group has unveiled a new CLO business, the latest addition to the European CLO management space  

Kohlberg launches debut private credit drawdown fund
The middle-market private equity firm recently priced its first middle market CLO

Remora Capital Partners to launch inaugural private BDC
The firm expects the private BDC to reach a size of around USD 500m in around a year’s time

JPMorgan’s asset management arm seeks to raise direct lending fund
EXCLUSIVE: The asset management unit is raising capital from institutional investors for direct lending as the bank steps up lending from its balance sheet.

BMO Asset Management launches market’s latest CLO ETF
The fund from the Canadian asset manager will invest in AAA-rated CLOs

Danske Bank Asset Management announces new fund investing in IG CLO tranches
The fund, which will invest in both US and European CLOs, will be overseen by the firm’s Chief Portfolio Manager Jacob Toft Hansen

TwentyFour Asset Management launches private asset-backed fund
It’s the first major move into private credit by the firm or its parent Vontobel Asset Management  

Audax launches private BDC with USD 1.1bn
The new product is aimed at wealthy individual investors in the US

Generali Investments, Partners team up on private credit secondaries fund
Generali Investments’ debut private credit secondaries fund will invest globally and is available to professional investors

Crayhill raises USD 1.31bn for opportunistic asset-based finance
The firm has already deployed 75% of its latest fund

Oak Hill Advisors fundraising multi-strategy private credit fund for wealthy investors
EXCLUSIVE: the new fund is currently only accepting accredited investors but intends to eventually open the product to the wider wealth channel.

Pantheon raises USD 5.2bn for senior debt secondaries
The latest fund, Pantheon Senior Debt III, was oversubscribed as interest from the insurance channel grows

Scottish Widows plans private markets push through LTAF launch
EXCLUSIVE: the pension fund plans to invest in both private credit and private eqity with separate managers for each  

Capital Four raises EUR 3bn for first lien, senior debt in Europe
The manager's latest fund, called Private Debt V—Senior, closed at the hard cap

King Street, Generali Investments launch opportunistic credit fund for affluent Europeans
The fund will offer investments beyond traditional direct lending, offering investors access to corporate and asset-based lending, dislocated public credit, and some distressed situations