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. 

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. 

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. 

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.

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

Ares earns pension fund support for upcoming bond-loan fund
Ares Management is in the process of launching a new credit fund which will target leveraged loans and high yield bonds

Frankfurt-based direct lender raises €100 million for mittelstand fund
Mittelstand lender raises first private debt fund for institutional investors  

West coast manager targets bridge loans for new direct lending fund
A US asset manager is creating a dedicated direct lending fund after finding success in direct lending through a multi-strategy vehicle.  

US pension fund backs Cerberus as part of $750 million credit push
A US investor has allocated large sums to two credit managers for distressed debt and direct lending strategies 

BlueBay earns US investor support for upcoming direct lending fund
BlueBay Asset Management has won $40 million for its new direct lending fund