Asset manager launches credit fund focused on sustainable initiatives
Sustainably-focused asset manager Power Sustainable has launched credit fund with plans to invest in energy, transportation, social and digital and other sustainable infrastructures

PGIM launches new ETF targeting CLO triple A notes
PGIM has launched its first CLO-focused exchange traded fund targeting investments in triple A debt tranches

NB raises $2.5 billion for structured equity fund
Neuberger Berman has announced the close of its NB Credit Opportunities Fund II. The fund raised approximately $2.5 billion of limited partner commitments.

Comvest raises $2 billion for new private credit fund
Comvest Partners has announced that Comvest Credit Partners, its direct lending platform, has completed the final close of its latest flagship fund, Comvest Credit Partners VI.

Food and beverage specialist launches second private credit fund
Proterra Investment Partners has announced the close of its second private credit fund, Proterra Credit Fund 2, with the new fund closing above its initial $500 million hard cap.

European direct lender launches third fund
European asset manager Bridgepoint has closed its third direct lending fund, BDL III, with investable capital of over €3.4 billion according to a company announcement. 

Panagram launches its second CLO ETF of the year
Panagram Structured Asset Management has launched its second CLO exchange traded fund of 2023, naming the fund Panagram AAA CLO ETF

Private credit fundraising continues as two new funds launch
Private credit funds continue to see growth with two new US funds launching this week.

Australian fund manager adds new credit PM
Australian fund manager IAM has branched into opportunistic credit with the acquisition of the River Capital Liquid Credit Fund and credit mandate, which includes a move for the fund’s portfolio manager.

ABL lending fund completes final close with $1.7 billion in commitments
Asset-based lending fund accepts $1.7 billion in capital commitments from a global set of institutional and retail investors. 

Wall Street veterans spin off credit fund to start their own firm
Two credit industry veterans spin off fund to start their own firm in New York. 

Muzinich places $500 million bet on Asia Pacific region
The investment firm completed the final close for its first Asia Pacific-focused private credit fund with $500 million. 

CVC closes third captive equity fund
CVC Credit has announced the final close of its latest captive equity fund, CVC CLO Equity III, with a mammoth $800 million of commitments.

Medalist Partners doubles size of private credit fund in final closing round
Medalist Partners enters final closing stages of its most recent private credit fund, nearly doubling the size of capital commitments from previous funds. 

Berenberg closes its fourth debt fund in the renewable energy space
Berenberg is continuing to raise money in the renewable energy debt sector, with the German bank working alongside BayernInvest Luxembourg to close its fourth debt fund in the space.

Union Bancaire Privée adds new strategy to fixed income plans
Union Bancaire Privée has expanded its fixed income offering with a new high-income strategy investing in high-yield bonds, subordinate corporate and financial debt and securitized credit, such as CLOs

Eurizon follows ECB's lead with new structured credit fund
Eurizon Capital has launched a new fund to target European structured credit opportunities – a market which it says has been strengthened thanks to the ECB’s ABS purchasing scheme

US endowment fund backs Coliseum for distressed debt play
Coliseum Capital Management has earned the support of a large endowment fund for its new distressed debt fund

Former Angelo Gordon CLO PM launches new distressed fund
A high profile credit portfolio manager has raised a fund for his newly-launched management company in New York

New York pension fund digs deep for $750 million allocation to credit
A direct lender and a leading distressed debt manager have earned support from the New York State Common Retirement Fund

West coast pension fund to decide on new PGIM real estate debt fund
PGIM is putting together a new real estate debt fund and is in talks with a pension fund active in credit

Former Highbridge team launch huge mezz fund
HPS Investment Partners, the firm previously known as Highbridge Principal Strategies, has held a first close on a new mezzanine debt fund which is intended to reach $5.5 billion.